Tapestry Beats Earnings but Faces Investor Disappointment Amid High Expectations Tapestry's recent earnings report sent shockwaves through Wall Street, with the company's stock plummeting despite beating expectations on many fronts.
The decline raises questions about the underlying issues driving investor disappointment.
Coach has been the driving force behind Tapestry's success, accounting for nearly 85% of the company's net sales, including an impressive $1. 6 billion haul in recent years.