Tapestry sales rose 9.3% year over year to $1.88B
Tapestry released its fiscal fourth quarter earnings report, which included in-line guidance. The company’s sales increased by 9.3% year over year to $1.88B.
The sales growth was also up 8% on a constant currency basis. However, the results were dragged down by the soft performance of the Kate Spade business.
The company’s stock slumped in early trading following the release of the earnings report.