Tapestry raises annual profit forecast on higher prices, strong demand

Reuters · 05/11/2023 10:47
Tapestry raises annual profit forecast on higher prices, strong demand

- Tapestry Inc TPR.N raised its annual profit forecast on Thursday, betting that price increases and strong demand for its Coach handbags would help cushion a slowdown in luxury purchases in the United States.

The company expects fiscal 2023 earnings per share in the range of $3.85 to $3.90, compared with its prior outlook of $3.70 to $3.75 per share.


(Reporting by Deborah Sophia in Bengaluru; Editing by Devika Syamnath)

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