Tapestry: EPS up 4% in Q3
At constant exchange rates, the parent company of the Coach and Kate Spade brands saw its sales remain more or less stable, a 3% decline in North America having been offset by a symmetrical increase internationally, driven by Europe (+19%).
Tapestry confirms its full-year adjusted EPS target of between $4.20 and $4.25, but adjusts its revenue assumption to 'over $6.6 billion', compared with the previous estimate of 'around $6.7 billion'.
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