Earnings Impact on Tapestry Inc: 15% Plunge Due to Tariff Concerns

Thursday, 14 August 2025, 16:35

Earnings reports reveal the impact of tariffs on Tapestry Inc, which includes Coach and Kate Spade. Tapestry’s announcement of a 15% drop in shares stems from anticipated tariffs that could affect profits significantly. Retail industry insights indicate that rising business costs can alter profit expectations.

Cnbc — Earnings Impact on Tapestry Inc: 15% Plunge Due to Tariff Concerns

Earnings Strain: Tapestry's Profit Outlook

Tapestry Inc reported a significant earnings drop of 15% in shares, primarily due to looming tariff increases. The retail industry is bracing for a business landscape characterized by rising costs.

Tariff Implications on Business

The total projected costs from higher duties are estimated at $160 million for Tapestry over the full year. This increase is likely to affect the profit outlook for Tapestry, a parent company of Coach and Kate Spade, as they navigate these challenging market conditions.

Market Reactions and Future Outlook

The reaction from the market has been swift, with shares of Walmart Inc, Home Depot Inc, and Target Corp showing mixed responses to similar concerns. Investors are now more cautious about how these macroeconomic factors will influence future performance and profitability.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.