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Tapestry Ups Full-Year Guidance on Rising Consumer Demand

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Tapestry Inc. reported better-than-expected first quarter results and raised Fiscal Year 2022 guidance on consumer demand outpacing available inventory. In a Nutshell: “The external environment continues to be dynamic, as consumer demand remains solid, but supply chain headwinds are constricting inventory availability,” Scott Roe, chief financial officer, said on conference call Thursday. Tapestry took early action to…

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