Tapestry’s stock surged 15% to $84.30 yesterday after the company reported better-than-expected fiscal second-quarter earnings, with a profit of $2 per share, surpassing analysts’ estimates of $1.75. The company also exceeded revenue expectations, posting $2.2 billion, driven primarily by growth at Coach. Tapestry raised its full-year earnings guidance to $4.85 to $4.90 per share, up from $4.50 to $4.55, and increased its revenue forecast to $6.85 billion, signaling 3% growth. The strong performance contrasts with weaker results from competitor Capri Holdings, highlighting Tapestry’s stronger position in the mid-range luxury market.