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The New York-based company raised its revenue outlook to about $7.3 billion, up from a projection for about $7.2 billion in the prior quarter. Tapestry also lifted its forecast for diluted earnings per share to as much as $5.60, ahead of analysts expectations compiled by Bloomberg.
Tapestry, powered by its Coach brand, is growing despite consumer concerns about high prices. The brand’s pricing — more expensive than many retailers but cheaper than luxury — is capturing a devoted young…
