Tapestry Inc is expected to report revenue of $1.87 billion and earnings per share of $1.26 for the quarter ending June 30, with its current price of $162.36 trading below the $173.88 average analyst price target.
The primary story for investors is the continued dominance of the Coach brand, which has become the company's central growth engine following the official termination of the Capri Holdings merger.
Analysts are monitoring whether Coach can maintain its double-digit sales momentum and industry-leading margins through its 'affordable luxury' appeal to Gen Z consumers. Furthermore, the market remains focused on management's ability to stabilize the underperforming Kate Spade brand and execute its massive $1.6 billion share repurchase program.