Fashion
US’ Tapestry hits record Q2 FY26 results with 14% sales growth
Tapestry has posted strong Q2 FY26 results, with net sales rising 14 per cent to $2.5 billion and pro forma growth of 18 per cent, led by a 25 per cent surge at Coach.
Margins expanded sharply, lifting EPS and net income.
Robust regional and DTC growth, strong cash flows and disciplined execution prompted the company to raise its full-year revenue, margin and earnings outlook.
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This was $143 billion less than the deficit recorded during the same period in the last fiscal.
Revenues rose by $189 billion, or 12 per cent, and outlays were $45 billion, or 2 per cent, higher during the four months.
The US federal budget deficit was $696 billion in the first four months of fiscal 2025-26, which began in October last year, the Congressional Budget Office estimates.
This was $143 billion less than the deficit recorded during the same period in the last fiscal.
Revenues rose by $189 billion, or 12 per cent, and outlays were $45 billion, or 2 per cent, higher during the four months.
Customs duties, including tariff revenues, collected in these four months were more than four times the amount recorded in the first four months of last fiscal—an increase of $90 billion.
Receipts from corporate income taxes decreased by $22 billion, or 16 per cent, YoY during the period, a CBO release says.
The federal government incurred a deficit of $94 billion in January this year, CBO estimates. This was $35 billion less than the deficit recorded in January 2025. Revenues were $47 billion more in January 2026 than they were in January 2025; outlays increased by $12 billion.
Total spending in January 2026 was $654 billion, $12 billion more than in January 2025.
Fibre2Fashion News Desk (DS)
Bangladesh imported $10.84 billion cotton (2024); 85 per cent already value-added.
India supplied $2.74 billion (25.3%) and 91.8 per cent vs US.
Zero duty cuts tariffs, but ~55 per cent US price premium including logistics offsets fibre gains.
As prices converge, conversion efficiency from India’s ecosystem decides competitiveness.
Structure, not tariffs, drives long-term leverage.
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US federal budget deficit $696 bn in Oct 2025-Jan 2026: CBO
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