Tapestry CEO Sees Resilient US Shoppers As Coach Heads Into Crucial Holiday Season
Tapestry (TPR) stock jumps as Q1 earnings beat expectations on robust Coach sales and expanding margins. Tapestry raises full-year guidance.
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Why It Matters
Tapestry's Coach brand sold more stuff than people expected this quarter. When a company does better than expected, it hints the business is working well right now.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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