Coach-Owner Tapestry Falls Below Q3 Sales Expectations, Amid Legal Battle to Acquire Versace-Owner Capri

Tapestry Inc., parent to Coach, Kate Spade and Stuart Weitzman, reported its third-quarter financial results on Thursday, revealing that its sales figures fell below Wall Street expectations in the three-month period.According to LSEG data via Reuters, the company's net sales tallied $1.48 billion USD, while analysts had forecast the conglomerate would reach $1.5 billion USD in the quarter ending on March 30. Tapestry's revenue was also down from the year prior, when the company raked in $1.51 b...