** Shares of Coach parent Tapestry down 4% at $37.39 premarket
** Company lowers its annual sales forecast after missing Q3
sales
expectations on sluggish demand for its handbags and accessories
** Posts net sales of $1.48 bln in the qtr ended March 30, vs LSEG est of $1.50 bln
** Now sees fiscal 2024 sales of over $6.6 bln from prior estimates of about $6.7 bln
** Through last close, stock up ~6% YTD
(Reporting by Annett Mary Manoj in Bengaluru)
((AnnettMary.Manoj@thomsonreuters.com))
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