After calling off merger, Coach parent Tapestry's holiday sales soar

The logo of U.S. fashion brand Coach is seen in New York on Nov. 19, 2024.Shares of Coach parent Tapestry shot up about 15% in premarket trading after the company beat holiday-quarter sales expectations and boosted its full-year forecast.The fashion and accessories company said it now expects full-year revenue of over $6.85 billion, which would be about 3% higher than the prior year. It expects earnings per share of$ 4.85 to $4.90. It had previously forecasted full-year revenue of over$ 6.75 billion and ful ...