Tapestry Inc (NYSE:TPR) shares are trading higher Thursday on the heels of the company’s second-quarter results. Here’s a rundown of the report.

What Happened: Tapestry, which owns Coach, Kate Spade and Stuart Weitzman brands, reported second-quarter revenue of $2.2 billion, beating analyst estimates of $2.11 billion, according to Benzinga Pro. The company reported second-quarter adjusted earnings of $1.39 per share, missing analyst estimates of $1.75 per share.

Total revenue was up 5% year-over-year, driven by a 42% increase in Europe, 4% growth in North America and a 1% increase in the Asia-Pacific region. Cash flow from operations was over $500 million and adjusted free cash flow came in at approximately $890 million.

“Our success is clearly reflected in the accelerated top and bottom-line gains we achieved, resulting in record quarterly revenue and adjusted earnings per share,” said Joanne Crevoiserat, CEO of Tapestry.

“Further, we raised our outlook for the year, harnessing our position of strength to deliver superior results, while making strategic investments to extend our competitive advantages and power durable growth.”

See Also: Eli Lilly Q4 Earnings: Strong Demand For Mounjaro But Prices Dip, Forecasts Over 30% Jump In 2025 Sales On Newer Medicines

Outlook: Tapestry expects full-year 2025 revenue of over $6.85 billion, versus estimates of $6.76 billion, according to Benzinga Pro. The company sees full-year earnings in the range of $4.85 to $4.90 per share versus estimates of $4.67 per share.

Tapestry’s board declared a quarterly cash dividend of 35 cents per share, payable on March 24 to shareholders of record as of March 6.

Management is currently discussing the quarter on a call with investors and analysts that kicked off at 8 a.m. ET.

TPR Price Action: Tapestry shares were up 16.1% at $85.11 at the time of publication, according to Benzinga Pro.

Photo: Shutterstock.