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Tapestry beats quarterly revenue estimates
Nov 9, 2024 12:02 PM

Nov 7 (Reuters) - Tapestry topped market

expectations for first-quarter revenue on Thursday, as the Coach

parent benefited from full-prices sales of its popular Tabby

handbags.

Tapestry, whose pending $8.5 billion merger with Michael

Kors parent Capri was blocked by a U.S. judge last

month, reported revenue of $1.51 billion for the first quarter.

Analysts on average estimated $1.47 billion, according to data

compiled by LSEG.

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