Tapestry Raises Annual Revenue and Profit Forecasts
Tapestry lifted its annual revenue and profit forecasts, citing younger affluent shoppers buying Coach handbags during the holiday season.
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11:48:46 AM UTC
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SHARES OF TAPESTRY UP ABOUT 4% PREMARKET AFTER CO RAISES ANNUAL FORECASTS
11:49:41 AM UTC
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Tapestry lifts annual forecasts as young shoppers snap up Coach bags
By Danielle Kaye and Anuja Bharat MistryTapestry NYSE:TPR raised its annual revenue and profit forecasts on Thursday, betting on younger affluent shoppers buying its Coach handbags during the holiday season, even as the broader luxury sector grapples with a spending slowdown.The high-end handbag ma…