Save this story Save Story Save this story Tapestry — the parent company of Coach and Kate Spade — announced net sales grew 12% in Q1 2027, generating $1.89 billion. Coach sales rose 16%, bolstered by handbags and focusing global customer acquisition on Gen Z; Kate Spade declined 10%, in line with expectations. The business grew across regions, led by Greater China (up 39%), Other Asia (23%), and Europe (22%). Across brands, roughly 35% of new customers were Gen Z. Tapestry updated its full-year fiscal 2027 guidance to $8.5-8.6 billion, up from a previous forecast of $8.4-8.5 billion revenue growth. This story is developing — check back in for updates.
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Source: Lifestyle
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