US: Weekly Earnings Summary 15. August
Last week, the NASDAQ-100 index rose by 1.43%, while the earnings season highlighted a clear divide in the markets. Technology companies, supported by artificial intelligence demand, showed exceptional growth, whereas consumer sectors struggled with weak forecasts and rising costs, creating a mixed picture.
TPRTapestry (TPR)
Although the luxury goods company's quarterly results were strong, driven by a 15% revenue growth in the Coach brand, the stock reacted negatively. The reason was a weak future forecast for 2027, which overshadowed a 25% growth in operating profit. A 7% sales decline in the Kate Spade brand added to the concerns. Due to the weak outlook, the stock fell by 19.3% over the week.
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