Tapestry CEO: Accessories has seen 'terrific' growth in the last year [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
Adam Jeffery | CNBC Victor Luis, CEO of Tapestry Tapestry CEO Victor Luis attributes the company's earnings and revenue beat to the terrific growth that the accessories category has seen in the last year, driven by consumers' need to express themselves. The past year has seen really terrific growth with high single digit, low double digit growth globally, truly driven by the fact that accessories remain the most important category for how consumers express their individuality, Luis told CNBC's Jim Cramer on Tuesday. The holding company of Coach, Kate Spade and Stuart Weitzman beat analysts expectations for its top and bottom lines for the fourth quarter. Tapestry earned 60 cents per share for the quarter, up 3 cents from the 57 cents per share expected by Wall Street. The company reported revenues of $1.48 billion, beating analysts' estimates of $1.47 billion. Its strong quarterly performance was driven in part by Kate Spade, which ex
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