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Coach owner Tapestry (TPR) Q3 2021 earnings

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Customers walk past a Coach store at Shanghai New World Daimaru department store on August 12, 2019 in Shanghai, China.

VCG | Visual China Group | Getty Images

Coach owner Tapestry said Thursday that its fiscal third-quarter sales in North America returned to pre-pandemic levels, as demand for luxury goods rebounds from 2020 lows.

Chief Executive Joanne Crevoiserat said the latest results “significantly outpaced expectations,” boosted by Tapestry’s online business and heightened demand for its purses, shoes and other accessories in Asia.

Its stock was unchanged in premarket trading on the news.

Here’s how the company did for the quarter ended March 27, compared with what analysts were…



Source cnbc.com

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