Coach-Owner Tapestry Falls Short of Earnings Expectations in Fiscal Q4

Following several positive earnings reports, Tapestry Inc.'s fiscal fourth-quarter numbers fell short of analysts' expectations, as lowering consumer demand in North America and a disadvantageous currency exchange rate affected the company's overall outcome. The conglomerate, which owns Coach, Kate Spade and Stuart Weitzman, also forecasts that its fiscal 2024 figures will tally below expectations.In fiscal Q4, Tapestry reported sales of $1.62 billion USD, down from last year's $1.625 billion US...