Tapestry Beats Earnings but Faces Investor Disappointment Amid High Expectations

Tapestry exceeded quarterly earnings expectations with strong performance from its Coach brand, which generated $1.6 billion of $1.9 billion in total net sales and maintained double-digit growth. However, the stock declined sharply following the report despite beating metrics and providing a revenue forecast aligned with estimates, as investors had anticipated even stronger results after the stock's 20% pre-earnings rally.