Puss in Boots reports on how Tapestry, owner of Coach, is dodging tariffs and filling its coffers with gold, while others in the luxury jungle are feeling a bit...under the weather.
Puss in Boots reports on how Tapestry, owner of Coach, is dodging tariffs and filling its coffers with gold, while others in the luxury jungle are feeling a bit...under the weather.

A Purr fect Prediction!

Madre de Dios! It is I Puss in Boots reporting LIVE from my luxurious litter box (don't judge it's all the rage in Paris!). Tapestry the clever gato behind Coach has done it again! They've raised their 2025 forecasts for revenue and profit! A THIRD time this year! It seems someone knows how to land on their feet… unlike Donkey when he tries to dance.

The Secret Salsa: Handbags and Happy Shoppers

The secret you ask? Ah it's as simple as the recipe for leche: charming handbags like the Tabby Brooklyn and Empire are flying off the shelves! And the young señoritas and señores from North America to China are snapping them up faster than you can say 'sword fight'! It seems the world has excellent taste... almost as good as mine.

Dodging Tariffs Like a Matador Dodges a Bull!

And here's the real magic: Tapestry has been outsmarting those pesky tariffs! Like me outsmarting the baker's wife for a free churro they've managed to minimize their exposure. They're like a whisper of the wind moving inventory before those tariffs could even sharpen their claws! Such cunning! It almost brings a tear to my magnificent eyes. But not quite... I have a reputation to uphold!

Luxury Blues Got Them Feeling... Blue

Now while Tapestry is swimming in gold doubloons some of those other big luxury cats like LVMH and Kering are feeling a bit... under the weather. It seems not everyone can handle the pressure of looking fabulous! Michael Ashley Schulman (a man of taste clearly) says Tapestry has found a 'sweet spot,' stealing customers who are reconsidering whether they need a handbag that costs more than my entire wardrobe (which admittedly is extensive). As I always say 'Sometimes even legends have to downsize. I don't need 9 lives to live I just need one. But a really good one!'

Profits Soar Higher than my Leap!

Thanks to some clever price increases Tapestry's margins have grown faster than a beanstalk! Those Empire bags ranging from $250 to $895 and the Tabby shoulder bags at $450 are proving to be quite the treasure. And the best part? They're made in Vietnam Cambodia the Philippines and India meaning they're not too reliant on any single source. A very wise move indeed. Like a wise cat who always has a backup plan and a backup backup plan... and a backup backup backup plan.

A Conservative Claw culation

The company's shares rose 5% after the Kate Spade owner gave a conservative profit forecast for the fourth quarter due to macroeconomic uncertainty they expect profit of around $5 per share compared to a prior forecast of $4.85 to $4.90. Annual revenue is projected to be about $6.95 billion compared to its earlier expectation of more than $6.85 billion. Very well... they are clearly prepared. But no matter what 'This is no time to panic!' said Puss in Boots with a smile!


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