TAPESTRY QUARTERLY REVENUE LIKELY ROSE 5.5% AS COACH BAGS DREW YOUNG SHOPPERS
https://media.zenfs.com/en/reuters-finance.com/8a42157abb3152e8ebce8a0e9eed76ff
✍️ Tapestry, the parent company of Coach and Kate Spade, reported strong sales in the April-June quarter, driven by growing demand for its affordable luxury handbags.
👉 Tapestry's revenue is expected to have grown 5.5% in the quarter 👉 Coach brand revenue likely grew almost 11% 👉 Kate Spade's revenue likely fell 13% 👉 Tapestry's success is attributed to its ability to target younger demographics 👉 Kate Spade has been a drag on the company's performance due to heavy promotions
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