Tapestry Reports $1.9 Billion in Quarterly Sales Driven by Coach Brand
Earnings·2 articles across 2 outlets
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Tapestry reported strong quarterly earnings driven primarily by its Coach brand, which accounted for $1.6 billion of the $1.9 billion in net sales and continues to deliver double-digit growth.
Despite beating on many metrics and providing a revenue forecast in line with estimates for the new fiscal year, the company faced investor disappointment amid high expectations.
Tapestry
Sources
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“Tapestry reported strong quarterly earnings driven primarily by its Coach brand, which accounted for $1.6 billion of the $1.9 billion in net sales and continues to deliver double-digit growth.”
Bloomberg — Tapestry Beats Earnings but Faces Investor Disappointment Amid High Expectations