07:30 AM EST, 02/06/2025 (MT Newswires) -- Tapestry (TPR) reported fiscal Q2 non-GAAP earnings Thursday of $2.00 per diluted share, up from $1.63 a year earlier.

Analysts polled by FactSet expected $1.75.

Net sales for the quarter ended Dec. 28 were $2.2 billion, up from $2.08 billion a year earlier.

One analyst surveyed by FactSet expected $2.11 billion.

The company raised its fiscal 2025 outlook and now expects non-GAAP earnings to range from $4.85 to $4.90 per diluted share from its previous range of $4.50 to $4.55. Analysts surveyed by FactSet expect $4.67.

The company also expects full-year revenue to grow about 3% to over $6.85 billion, compared with its previous outlook of 1% to 2% growth. Analysts polled by FactSet expect $6.76 billion.

Tapestry's board declared a quarterly cash dividend of $0.35 per common share, payable on March 24 to shareholders of record as of March 6.

The company's shares were up over 15% in recent premarket activity.