Tapestry eases concerns of Coach handbag shortages, raises annual estimates

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Coach-Owner Tapestry (TPR) Tops Earnings and Guidance Views, Shares Rally on New $1 Billion Buyback Plan

November 11, 2021 9:13 AM EST

Shares of Tapestry (NYSE: TPR) are up 5% in pre-open Thursday after the Coach-owner reported stronger than expected FQ1 results.

Tapestry reported an FQ1 EPS of $0.82 to beat the analyst estimate of $0.70. Revenue for the quarter came in at $1.48 billion versus the consensus estimate of... More