(Reuters) – Coach handbag maker Tapestry Inc beat quarterly sales estimates on Thursday, as a vaccine-aided reopening of economies boosted demand for designer apparel and purses.
Net sales rose to $1.62 billion in the fourth quarter from $714.8 million a year earlier, topping analysts’ average estimate of $1.56 billion, according to IBES data from Refinitiv.
(Reporting by Mehr Bedi in Bengaluru; Editing by Vinay Dwivedi)
