$TPR · Schwab Network · 2026-11-05
Tapestry 年初以来跑输大盘，尽管年内累计上涨 14%，且计入今日后同比上涨约 25%。Coach 营收增长 16%，得益于 Z 世代消费者及奢侈手袋市场份额的提升；每股收益 1.82 美元，超过预期的 1.57 美元，营收 18.9 亿美元，同样超出预期。Kate Spade 仍然疲软，同比下降 10%，但被 Coach 抵消。
逐段跳播
来吧，Diane，我们现在来看看 Tapestry。是的。这家公司去年表现相当强劲，但今年 Coach 的母公司 Tapestry 自年初以来一直落后。
Come on, Diane, let's look at the tapestry now. Yes. This is a company that was quite strong last year, but this year Coach's parent company Tapestry has been lagging since the beginning of the year.
它今年迄今上涨了14%。所以，加上今天的变动，我们同比上涨了约25%。这是基于他们最新的业绩。必须给 Coach 记一功。Coach 的收入同比增长了16%。这全靠 Coach 抢占市场。
他们正在吸引 Z 世代消费者，无论是在北美、中国还是欧洲。他们正在抢占奢侈手袋的市场份额。
It had a 14% gain year-to-date. So, adding today's change, we're up about 25% year-over-year. This is based on their latest results. The coach has to be given credit. Coach's revenue increased by 16% compared to a year ago.
This is all about Coach capturing the market. They are attracting Gen Z buyers, whether it's North America, China, Europe. They are capturing market share in luxury bags.
从他们的季度表现来看，合并每股收益为1.82美元，好于预期。市场预期为1.57美元。收入为18.9亿美元，也好于预期。
According to their performance on a quarterly basis, consolidated earnings per share were $1.82, which was better than expected. The market was expecting $1.57. Revenue was $1.89 billion, which was better than expected.
管理层表示，200至500美元的区间最适合他们的产品。所以，他们就是在这个价位卖手袋。
Management says that the $200 to $500 range is most appropriate for their product. So, that's where they're selling the handbags.
现在，我想指出一个薄弱环节，那就是 Kate Spade。这个问题对他们来说已经存在很长时间了。它仍然是一个艰难的部分，同比下降10%，但 Coach 正在弥补这一点。
Now, I want to highlight a weak point, which is Kate Spade. This has been a problem for them for a long time. It's still a challenging place, down 10 percent year-on-year, but the coach is making up for it.