Why Shares of Tapestry Were Falling Today
The Coach and Kate Spade parent fell after issuing disappointing guidance for the new fiscal year.
Overview
Shares of Tapestry (NYSE: TPR), the parent of Coach and Kate Spade, were heading lower today after the company beat estimates in its fourth quarter, but gave disappointing guidance for fiscal 2027.
As a result, the stock was down 15.1% as of 12:57 p.m. ET.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.