Tapestry Shares Plunge as Cautious Outlook Overshadows Strong Coach Sales

Coach sales rose 15% in Tapestry’s fiscal fourth quarter, but a more measured 2027 revenue outlook and another decline at Kate Spade sent the shares sharply lower.

Coach sales rose 15% in Tapestry’s fiscal fourth quarter, but a more measured 2027 revenue outlook and another decline at Kate Spade sent the shares sharply lower.

The benchmark pushed above 7,800 in morning trading after July producer prices were flat and crude oil fell sharply, easing some of the market’s rate-hike concerns.

NEOS adds $30 billion across 19 options-based income ETFs, expanding Goldman’s active-ETF platform and a fee-based asset-management business the firm describes as a source of more durable revenue.

The 20-year Rockdale lease covers 191 MW and could grow to $16.1 billion with extensions as Riot builds a much larger AI data center business.

Lumentum’s fiscal fourth-quarter revenue rose 109% to $1.01 billion as AI infrastructure demand pulled optical connectivity deeper into GPU clusters, with margins also expanding.

Guest visits accounted for more than half of CAVA’s comparable-sales growth, even as restaurant-level margin slipped 60 basis points amid higher menu, delivery and wage costs.

Super Micro sees fiscal 2027 sales of $65 billion to $72 billion after fiscal 2026 revenue jumped about 78%, while fourth-quarter gross margin rebounded to 17.5%.

CoreWeave posted $2.58 billion in second-quarter revenue and a roughly $104 billion backlog, but its net loss widened to $626 million as interest costs and infrastructure spending surged.

The drug distributor forecast adjusted EPS of $12.40 to $12.60 for fiscal 2027, above Wall Street expectations, after quarterly profit beat estimates despite a revenue miss.

The regulator alleges investors were misled about pre-IPO holdings, fees and the use of fund assets; the defendants agreed to a judgment without admitting the claims.