Tapestry Tops Earnings and Sales Estimates. Why the Stock Is Sinking.

Published 2 months ago Positive
Tapestry Tops Earnings and Sales Estimates. Why the Stock Is Sinking.
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Tapestry’s fiscal-fourth quarter results prove that the company’s effort to turn the Coach brand around has been a resounding success, boosting both sales and revenue. Now, management is setting its sights on revamping sister brand Kate Spade, whose more lackluster performance is weighing on the company’s otherwise stellar growth. Tapestry revenue for the quarter ended June rose 8% year over year to $1.72 billion.

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