Tapestry (TPR) reported fiscal Q2 non-GAAP earnings Thursday of $2.00 per diluted share, up from $1.63 a year earlier.
Analysts polled by FactSet expected $1.75.
Net sales for the quarter ended Dec. 28 were $2.2 billion, up from $2.08 billion a year earlier.
One analyst surveyed by FactSet expected $2.11 billion.
The company raised its fiscal 2025 outlook and now expects non-GAAP earnings to range from $4.85 to $4.90 per diluted share from its previous range of $4.50 to $4.55. Analysts surveyed by FactSet expect $4.67.
The company also expects full-year revenue to grow about 3% to over $6.85 billion, compared with its previous outlook of 1% to 2% growth. Analysts polled by FactSet expect $6.76 billion.
Tapestry's board declared a quarterly cash dividend of $0.35 per common share, payable on March 24 to shareholders of record as of March 6.
The company's shares were up over 15% in recent premarket activity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.