Tapestry Shares Hit a Record on Soaring Sales of its Coach Products

Key TakeawaysTapestry posted record holiday-quarter sales, sending shares to an all-time high.The gains were driven by an 11% year-over-year sales jump at the company's Coach brand.Tapestry also raised its full-year profit and sales guidance. Tapestry (TPR) shares surged nearly 15% to a record high as the owner of fashion retail brands set record holiday-quarter revenue and boosted its guidance on strong sales of its Coach products. The parent of brands that also include Kate Spade and Stuart Weitzman repor ...