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Tapestry Just Lowered Full-Year Guidance Despite a Strong Quarter. Is the Stock a Buy?

Tapestry Just Lowered Full-Year Guidance Despite a Strong Quarter. Is the Stock a Buy?

Tapestry (NYSE: TPR) reported record revenue in the first quarter of fiscal 2023 (ended Oct. 31), achieving earnings ahead of the Wall St. analyst consensus. Overall, the company is probably performing less well than a quick glance at earnings suggests.