While European luxury (in general) is only moving along, two US companies are flying. Tapestry filed a record quarter (October-December) thanks to Coach. Over the same period, Ralph Lauren’s sales grew 11%. Both did better than analysts’ estimates, and both improved the outlook for the full year. Tapestry’s record Coach reported +11% in sales and…
US counter-trend: Tapestry’s record, Ralph Lauren’s +11%
