Tag Archives: Tapestry

Key Takeaways The S&P 500 edged higher by less than 0.1% on Thursday, Aug. 14, 2025, notching its third straight record close.  Intel stock pushed higher, extending this week’s string of gains following reports that the U.S. government could take a stake in the chipmaker. Coach parent Tapestry lowered its full-year profit forecast, citing tariff concerns, and shares tumbled. Major …

Cheng Xin / Getty Images The news offset better-than-expected fourth-quarter results, driven by demand for Coach bags Fashion handbag maker Tapestry slashed its full-year forecast because of the costs on new U.S. tariffs. The company lowered its fiscal 2026 earnings per share estimate as it anticipates a $160 million hit from tariffs. The news offset better-than-expected fourth-quarter results, driven by …

People walk past a Coach store on Madison Avenue in New York. Carlo Allegri | Reuters Shares of Coach and Kate Spade parent Tapestry plunged Thursday after the company said tariffs will bite into its profits even as sales grow. The handbag, shoe and accessory maker said costs from higher duties will total $160 million for its coming fiscal year …