Tapestry Shares Tumble 15% as Kate Spade Struggles, Weak Sales Forecast

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Business and Finance

14 August 2026 at 12:46 am

Tapestry Shares Tumble 15% as Kate Spade Struggles, Weak Sales Forecast

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Summary

Tapestry's shares tumbled 15% after the company forecast weak annual sales, despite exceeding quarterly profit expectations, largely due to a 7% decline in Kate Spade sales.

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