Tapestry Fiscal First-Quarter Profit Rises to $360 Million
Tapestry reported fiscal first-quarter profit of $360 million, or $1.76 a share, compared with $275 million, or $1.28 a share, a year earlier. Sales were higher as demand for its Coach brand continued to grow.
By Kelly CloonanTapestry recorded higher quarterly sales as demand for its Coach brand continues to grow.The parent company of Coach and Kate Spade on Thursday posted a fiscal first-quarter profit of $360 million, or $1.76 a share, compared with $275 million, or $1.28 a share, a year earlier.Adjust…