Reported about 20 hours ago
Tapestry's quarterly revenue for the April-June period is expected to rise by 5.5%, primarily due to strong sales of affordable Coach handbags that appeal to younger consumers. As traditional luxury brands face challenges from high prices, Tapestry has successfully targeted this demographic with its stylish offerings. The company's financial performance reflects momentum in accessible luxury segments, despite some struggles with its Kate Spade brand. Tapestry's earnings report is anticipated soon, with analysts expressing optimism about its future.
Source: YAHOO