Coach Sales Surge 25% to $2.14B Drives Tapestry Growth; Cramer Urges Buy
Tapestry’s net sales rose 14% year-over-year in the second quarter of fiscal 2026, driven by Coach’s 25% sales increase to $2.14 billion while Kate Spade declined 14% to $360 million. Jim Cramer recommended buying Tapestry shares, praising the turnaround under CEO Joanne Crevoiserat.
1. Q2 Fiscal 2026 Net Sales Performance
Tapestry posted 14% year-over-year net sales growth in its second quarter of fiscal 2026, reflecting strength across its retail and wholesale channels.
2. Divergent Brand Results
Coach led the portfolio with a 25% sales gain to $2.14 billion, while Kate Spade sales fell 14% to $360 million, underscoring mixed momentum among Tapestry’s brands.
3. Cramer Bullish Call
Jim Cramer advised investors to ‘buy half’ of Tapestry shares and add more on any pullbacks, citing strong turnaround execution under CEO Joanne Crevoiserat.