Tapestry's Stock Surges 33.31% to $832 Million Trading Volume Ranking 106th in Market

On May 8, 2025, Tapestry's trading volume reached $832 million, marking a 33.31% increase from the previous day, placing it at the 106th position in the day's stock market rankings. Tapestry (TPR) has been on a winning streak, rising for five consecutive days, with a total increase of 10.00% over the past five days.

Tapestry, the parent company of Coach, Kate Spade, and Stuart Weitzman, has seen a significant boost in its stock price following the release of its latest earnings report. The company reported better-than-expected earnings for the fiscal third quarter, driven by strong sales growth in its North American market. The company's revenue for the quarter was $1.5 billion, up 12% year-over-year, while its earnings per share were $0.75, beating analysts' estimates of $0.65.

Tapestry's CEO, Joanne Crevoiserat, attributed the strong performance to the company's successful execution of its strategic initiatives, including its focus on digital transformation and product innovation. The company has been investing heavily in e-commerce and omnichannel strategies, which have helped it to reach a wider audience and drive sales growth. Additionally, Tapestry has been expanding its product offerings, introducing new collections and collaborations that have resonated with consumers.

Looking ahead, Tapestry remains optimistic about its prospects for the remainder of the fiscal year. The company expects to continue to see strong demand for its products, particularly in the North American market, where it has a strong brand presence. Tapestry is also planning to expand its international footprint, with a focus on key markets such as China and Europe. The company's management team is confident that its strategic initiatives will continue to drive growth and create value for shareholders.