Tapestry Admits Kate Spade Recovery Is Taking Longer As Coach Keeps Winning
Tapestry (TPR) stock fell as a soft FY27 sales outlook offset beat-and-raise Q4 earnings led by strong Coach growth.
Tapestry made more money than expected this quarter, but the company said Kate Spade brand (one of their three big brands) is taking longer to get better. Coach brand is doing great, which is good, but investors worried about the slower recovery plan.
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