Tapestry (TPR), the parent company of Coach, reported better-than-expected results for the second quarter of Fiscal 2025 and raised its

Tapestry stock rose sharply in premarket trading Thursday as the owner of Coach, Kate Spade, and Stuart Weitzman announced a fiscal second-quarter earnings beat and raised its fiscal-year outlook. Shares surged 16% to $85 after the fashion holding company reported earnings of $2 a share,

Tapestry's strong Q2 results, fueled by robust Coach handbag sales, lead to a 15% surge in stock price and an upgraded FY25 outlook.

The top-line growth was led by Coach, which pushed sales up 11 percent to $1.7 billion. Offsetting that increase were both Kate Spade, which was down 10 percent to $416.4 million, and Stuart Weitzman, off 15 percent to $69.7 million.