Tapestry raises annual profit forecast on higher prices, strong demand
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2023-05-11 18:58
Tapestry Inc raised its annual profit forecast on Thursday, betting that price increases and strong demand for its

Tapestry Inc 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 now 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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