Shares of Tapestry (TPR) rose Thursday after the owner of fashion brands reported better-than-expected fiscal third-quarter results and lifted its full-year outlook.

The Coach and Kate Spade parent posted adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) o♏f $1.03 on revenue of $1.58 billion. Analysts polled by Visible Alpha expected $0.88 and $1.53 billion, respectively.

Tapestry lifted its full-year revenue forecast to $6.95 billion, which would represent growth of about 4% year-over-year, up from approximately 3% growth it previously projected. EPS is seen coming in at $5.00, up from the prioꦆ💎r range of $4.85 to $4.90.

Tariffs 'Expected to Have an Immaterial Impact' in Fiscal 2025

The company said the outlook includes the expected tariffs as of April 10, a 145% tariff on Chinese goods, and 10% on all other imports. Because of Tapestry's current inventory and shipping plans, the tariffs are "expected to have an immaterial impact on Fiscal 2025 results."

The third quarter was Tapestry's first full period since it and Versace owner Capri Brands (CPRI) 澳洲幸运5官方开奖结果体彩网:called off their planned merger after a 澳洲幸运5官方开奖结果体彩网:judge ruled that it likely would be anti-c༒ompetitive and lead to h෴igher prices for consumers.

T🐓apestry shares were up 2.5% Thursday morning after rising nearly 7% earlier in the session. They are 17% higher since the start of the year.