Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Tapestry Beats Earnings but Faces Investor...
Business & Finance

Tapestry Beats Earnings but Faces Investor Disappointment Amid High Expectations

Bloomberg Markets Thursday 13 August 2026, 16:00 UTC 1 min read
Key Points

Aug 13th, 2026 Tapestry Beats Earnings but Faces Investor Disappointment Amid High Expectations Tapestry reported strong quarterly earnings driven primarily by its Coach brand, which accounted for $1.6 billion of the $1.9 billion in net sales and continues to deliver double-digit growth. Despite beating on many metrics and providing a revenue forecast in line with estimates for the new fiscal year, the stock fell sharply as investors were expecting more, especially after a 20% run-up prior...

Aug 13th, 2026 Tapestry Beats Earnings but Faces Investor Disappointment Amid High Expectations Tapestry reported strong quarterly earnings driven primarily by its Coach brand, which accounted for $1.6 billion of the $1.9 billion in net sales and continues to deliver double-digit growth. Despite beating on many metrics and providing a revenue forecast in line with estimates for the new fiscal year, the stock fell sharply as investors were expecting more, especially after a 20% run-up prior to the report.
Coach (ORG)
Originally published by Bloomberg Markets Read original →

Related Stories

Thousands of Lawyers and Bankers Predicted To Leave London

Aug 13th, 2026 Thousands of Lawyers and Bankers Predicted To Leave London Thousands of bankers and lawyers are poised to leave London over the next few years. Irina Anghel explains where they're going and why. Aug 13th, 2026 Thousands of Lawyers and Bankers Predicted To Leave London Thousands of bankers and lawyers are poised to leave London over the next few years.

Bloomberg Markets 51m ago

Container Shipping Companies Navigate Route Challenges

Aug 13th, 2026 Container Shipping Companies Navigate Route Challenges Lee Klaskow, Senior Logistics Analyst at Bloomberg Intelligence, discussed how container shipping companies are managing disruptions caused by route restrictions and geopolitical tensions. Despite only about a third of typical Suez Canal routes currently in use, companies remain confident that full utilization will resume over time, with alternative routes around Africa available if needed.

Bloomberg Markets 59m ago

Goldman $2.25 Billion Neos Deal Raises Stakes in Active-ETF Race

Goldman $2.25 Billion Neos Deal Raises Stakes in Active-ETF Race Goldman Sachs Group Inc.’s agreement to buy Neos Investments for as much as $2.25 billion marks a new front in Wall Street’s ETF battle: paying up for specialist firms that have found growth beyond the industry’s low-fee giants. The deal announced Wednesday is Goldman’s second major acquisition of a niche ETF manager in less than a year, following its roughly $2 billion purchase of Innovator Capital Management. Together, they...

Bloomberg Markets 1h ago

Why Private Funds Make Ann Berry Nervous

Aug 13th, 2026 Why Private Funds Make Ann Berry Nervous Private-market investing is becoming more accessible, but Ann Berry, Threadneedle Ventures Founder, is warning investors not to confuse accessibility with transparency. She joined Bloomberg Open Interest to explain why valuing private companies requires specialized expertise, why ordinary investors may struggle to assess the underlying businesses, and why these new publicly traded funds require extraordinary trust in their managers.

Bloomberg Markets 1h ago