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Tapestry raises profit guidance on strong Q2

Tapestry’s net sales in the second quarter totaled 2.08 billion dollars, representing growth of 3 percent on both a reported and constant currency basis. Gross profit totaled 1.49 billion dollars, while gross margin was 71.6 percent, net income was 322 million dollars and earnings per diluted share were 1.39 dollars. On a non-GAAP basis, net...

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Business |Interview Featured

Coach CEO talks widening Tapestry’s fulfilment capabilities in the US

Expansion has been in the air at Tapestry throughout 2023. In August, it was revealed that the luxury group’s family was to be welcoming more members as it snapped up fellow rival Capri Holdings and its slew of premium brands – namely Michael Kors, Versace and Jimmy Choo. And it wasn’t just the portfolio that grew. Earlier this month, Tapestry...

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