The New York-based company last year added the Kate Spade brand to its portfolio and bought Stuart Weitzman three years ago to model itself into a multi-brand fashion house like rival Louis Vuitton.

The company said it sees sales in the range of US$6.1 billion to US$6.2 billion for fiscal 2019, beating the average analyst estimate of US$6.08 billion, according to Thomson Reuters I/B/E/S.

It forecasts a profit of US$2.70 to US$2.80 per share for the year, slightly below the average estimate of US$2.82 per share.

Tapestry cut down on flash sales of its Coach products and sold more items at full price to increase brand exclusivity, and applied the same strategies at Kate Spade.

Net income rose to US$211.7 million, or 73 cents per share, in the fourth quarter ended June 30, from US$151.7 million, or 53 cents per share, a year earlier.

Excluding one time items, the fashion house reported a profit of 60 cents, 3 cents more than the polled estimate.

Net sales rose 31% to US$1.48 billion, edging past the average estimate of US$1.47 billion.