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Digital, China Drive Tapestry Profits, Sales Jump in Q4 and Year

August 20, 2021
Source: yahoo.com yahoo.com
News Snapshot:
Digital, China Drive Tapestry Profits, Sales Jump in Q4 and Year - Oops!Something went wrong.Please try again later. Tapestry, Inc., continued on its upward trajectory in the fourth quarter as the parent of Coach, Kate Spade and Stuart Weiztman returned to profitability, posting operating income of $259.7 million in the period ended July 3 against a loss of $280 million in the same period of last year. Net sales more than doubled, hitting $1.62 billion in the fourth quarter compared to $715 million in the prior year, a 126 percent increase. More from WWD - [Gemstones and Gold from the...
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