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Markets News

Coach owner Tapestry quarterly sales beat estimates

Oct 29 (Reuters) - Coach handbag maker Tapestry Inc beat quarterly sales estimates on Thursday, helped by demand for luxury goods in China and a jump in online shopping. Net sales fell to $1.17 billion in the first quarter ended Sept. 26 from $1.36 billion a year earlier, beating analysts’ average estimate of $1.07 billion, according to IBES data from Refinitiv. (Reporting by Uday Sampath in Bengaluru; Editing by Anil D’Silva)

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