Tapestry, parent company of the Coach, Kate Spade and Stuart Weitzman brands, has reported very strong financial results for the third quarter of its 2025 financial year, ended March 29. Against a backdrop of macroeconomic uncertainty, the group outperformed expectations, with sustained growth, increased profitability and rigorous management.
Sales for the quarter reached $1.58 billion, up 7% on the same period last year (+8% at constant exchange rates). This performance was largely driven by Coach, with sales of $1.293 billion, up 13% and even 15% at constant exchange rates. Demand for leather goods remained particularly strong, with a 15% increase in the average value of products sold.
The Group’s other two brands, Kate Spade and Stuart Weitzman, posted sales of $244.9 million (+12% at constant exchange rates) and $46.2 million (+17% at constant exchange rates) respectively.
North America performed superbly thanks to a strategy based on creativity, digital innovation and the intelligent use of customer data, which won over 1.2 million new customers, the majority of them from generations Z and millenials. Direct-to-consumer sales rose by 9% at constant exchange rates to $951.7 million, thanks to a 15% increase in online sales and a 10% rise in in-store sales.
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Read also > Tapestry sells Stuart Weitzman
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