Tapestry, Inc. (NYSE:TPR) shares traded higher on Thursday after the company announced its second-quarter results.
The company delivered quarterly revenue of $2.085 billion, representing a 3% growth compared to the prior year and beating the street view of $2.05 billion. The company reported adjusted earnings per share of $1.63, beating the analyst consensus of $1.46.
Coach brand sales gained 6%, Kate Spade fell 6%, and Stuart Weitzman slumped 4% in the quarter under review.
The gross profit …
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