Tapestry, Inc. (NYSE:TPR) stock tumbled in premarket trading Thursday despite topping Wall Street forecasts for the fourth quarter, fueled by double-digit revenue growth at its flagship Coach brand.
The parent of Coach and Kate Spade posted adjusted earnings of $1.04 per share, ahead of the $1.02 consensus, on revenue of $1.72 billion, up 8% year-over-year and above expectations.
