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Here’s What Drove Tapestry’s Q4 Top-Line Beat

Sonya Bells
Here’s What Drove Tapestry’s Q4 Top-Line Beat

Tapestry (TPR), the holding company of top handbag brands Coach and Kate Spade, reported fourth-quarter results on August 14. The company’s total sales increased 31% YoY to $1.484 billion, outdoing Thomson Reuters I/B/E/S expectations by $16 million. Strong Kate Spade results were a key factor in the top-line beat.