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Tapestry raises annual sales forecast

Feb 6, 2025 4:27 AM

Feb 6 (Reuters) - Tapestry on Thursday raised

its annual sales forecast, betting on strong demand for its

pricey Tabby bags and suede boots.

The company now expects revenue of about $6.85 billion for

the fiscal year 2025, compared with its prior target of more

than $6.75 billion. Analysts on average estimated revenue of

6.76 billion, according to data compiled by LSEG.

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