Tapestry, the parent company of Coach, released its latest earnings data, showing that revenue reached $1.51 billion for the three months ending September 28, remaining flat YoY and slightly exceeding company expectations. Both revenue and profit for the Coach brand surpassed projections, with gross margin rising by 280 basis points to 75.3%. Regionally, Q1 revenue in the US market fell by 1%, surged by 27% in the European market, and declined by 2% in the Asian market. Tapestry raised its full-year financial forecast, now expecting revenue growth of 1% to 2%, surpassing $6.75 billion.