Tapestry Shares Hit a Record on Soaring Sales of its Coach Products
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Tapestry (TPR) shares surged nearly 15% to a record high due to record holiday-quarter revenue and increased guidance, driven by strong sales of its Coach products.
February 06, 2025 | 4:15 pm
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Tapestry's shares surged nearly 15% to a record high due to strong sales of its Coach products, leading to record holiday-quarter revenue and increased guidance.
The significant increase in Tapestry's share price is directly linked to the strong performance of its Coach products, which led to record revenue and improved guidance. This positive financial performance is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100