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Tapestry Shares Surge on Strong Coach Brand Performance

Investing.com •
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Tapestry, Inc. (TPR) saw its shares rise over 4% following record quarterly results, driven by exceptional performance from its Coach brand. The luxury accessories company's adjusted earnings per share reached $2.69, surpassing analyst estimates. Revenue also surged, reaching $2.5 billion, a 14% increase year-over-year, and exceeding expectations.