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Tapestry Confirms Its Holiday Outlook Despite a Sales Decline at Coach

TheMotleyFool

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Tapestry Confirms Its Holiday Outlook Despite a Sales Decline at Coach

Tapestry (NYSE: TPR) (formerly known as Coach) just announced its first quarterly earnings results that included the newly acquired Kate Spade franchise. The addition of the brand helped push overall sales higher. However, spiking costs hurt profitability, leading to a quarterly loss.

Here's how the latest headline numbers compare to the prior-year period:

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Source: Fool.com