Tapestry Loses $652 Million For Year, But Beats Quarterly Expectations

Tapestry registered big losses last year, but manage to turn in better-than-expected fourth-quarter results, reassuring Wall Street.
The fashion house —  parent company to Coach, Kate Spade and Stuart Weitzman brands —  narrowly beat analyst expectations for the quarter, but still logging a $652 million loss for the year. Shares of Tapestry, which closed up 0.5 percent Wednesday to $15.60 a piece, shot up nearly 5 percent during Thursday’s pre-market hours as a result. 
Looks from the Kate Spa…

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