Tapestry lifts annual revenue forecast on rising demand for luxury handbags, apparel

This post was originally published on this site

https://i-invdn-com.investing.com/trkd-images/LYNXMPEI190LP_L.jpg

(Reuters) – Coach parent Tapestry (NYSE:TPR) Inc raised its full-year revenue forecast on Thursday, as consumers splurge on luxury handbags and apparel in the United States and Europe.

The company forecast fiscal 2022 revenue of about $6.75 billion, compared with its prior estimate of nearly $6.6 billion.