Investors Punish Tapestry Shares on Q2 Miss, Lowered Guidance

The new Kate Spade collection for spring, the first from the design team led by Nicola Glass, just launched in stores.

CREDIT: Courtesy Photo

Investors weren’t happy with Tapestry’s second-quarter earnings results, which missed Wall Street’s adjusted earnings per share and revenue expectations. While Tapestry’s results may not have been what Wall Street expected, it wasn’t a total disaster either, given the return to sales growth of the Stuart Weitzman brand after working through its supply chain issues, and…

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