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Why Shares of Tapestry Were Falling Today

TheMotleyFool

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Why Shares of Tapestry Were Falling Today: https://g.foolcdn.com/editorial/images/883304/a-woman-holding-a-shopping-back.jpg

Shares of Tapestry (NYSE: TPR), the parent of Coach and Kate Spade, were heading lower today after the company beat estimates in its fourth quarter, but gave disappointing guidance for fiscal 2027.

As a result, the stock was down 15.1% as of 12:57 p.m. ET.

Image source: Getty Images.

Source Fool.com