Tapestry (TPR) Hits All-Time High on Strong Earnings, Outlook

We recently published 10 Stocks Withstanding Market Turbulence. Tapestry Inc. (NYSE:TPR) was one of the best performers on Thursday.

Tapestry soared to a new all-time high on Thursday, as investors digested the company’s strong earnings performance in the second quarter of fiscal year 2026, alongside a higher growth outlook for the full year.

At intra-day trading, the stock climbed to its highest price of $145.42 before trimming gains to finish the session just up by 10.21 percent at $143.19 apiece.

In an updated report, Tapestry Inc. (NYSE:TPR) said that net income in the second quarter ending December surged by 81 percent to $561.3 million from only $310.4 million in the same quarter a year earlier. Net sales jumped by 14 percent to $2.5 billion from $2.19 billion year-on-year.

In the six-month period, Tapestry Inc. (NYSE:TPR) saw net income increase by 68 percent to $836.1 million from $497 million in the same period a year earlier, while net sales increased by 13.5 percent to $4.2 billion from $3.7 billion.

Tapestry (TPR) Hits All-Time High on Strong Earnings, Outlook

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Looking ahead, Tapestry Inc. (NYSE:TPR) is targeting revenues of more than $7.75 billion, representing an 11 percent growth from a year earlier.

Diluted earnings per share are pegged at $6.40 to $6.45, representing growth of over 25 percent compared to the prior year, and exceeding previous guidance of $5.45 to $5.60.

Tapestry Inc. (NYSE:TPR) is the holding company of infamous brands such as Coach, Kate Spade, and Stuart Weitzman.

While we acknowledge the risk and potential of TPR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TPR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.