Tapestry Inc. (NYSE: TPR) reported net sales of $1.51 billion for the third quarter of 2024, aligning closely with the previous year, despite a 40-basis point headwind from foreign exchange fluctuations due to U.S. Dollar appreciation. The company's net income reached $187 million, although earnings per share (EPS) of $0.79 fell short of the expected $0.95. Following the earnings announcement, Tapestry's stock saw a pre-market increase of 4.6%. Additionally, the company raised its annual revenue guidance to over $6.75 billion, projecting a growth rate of 1% to 2% compared to the prior year. The positive outlook was attributed to strong demand for Tapestry's Tabby handbags, which has contributed to the company's robust performance.