REFILE-Tapestry raises annual sales forecast
ReutersFeb 6, 2025 1:10 PM
Adds dropped dollar sign in paragraph 2
Feb 6 (Reuters) - Tapestry TPR.N on Thursday raised its annual sales forecast, betting on strong demand for its pricey Tabby bags and suede boots.
The company now expects revenue of about $6.85 billion for the fiscal year 2025, compared with its prior target of more than $6.75 billion. Analysts on average estimated revenue of $6.76 billion, according to data compiled by LSEG.
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