Tapestry CEO on Earnings Beat, Consumer Outlook

Tapestry shares rose about 6% after the company beat earnings expectations and raised its guidance. CEO Joanne Crevoiserat says that strong performance across North America, Asia—with China as an anchor—and Europe supported the higher outlook. She described the latest quarter as another strong period following a robust prior year, and said Tapestry’s growth capabilities are helping build durable momentum. She...