Tapestry Raises Annual Forecasts on Strong Handbag Demand
Tapestry raised its annual targets for a third time as demand for Tabby bags grew. The company beat third-quarter estimates with revenue of $1.92 billion.
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TAPESTRY INC raised its fiscal 2026 revenue forecast to $7.95 billion after third-quarter earnings and sales beat analyst estimates. The Coach parent increased its outlook for the third time this year as shares rose 4% during the morning session. Resilient demand for affordable luxury contrasts with a broader slowdown hitting high-end competitors across global markets.
