After calling off merger, Coach parent Tapestry's holiday sales soar

1. Tapestry's shares rose 15% after surpassing sales expectations. 2. Full-year revenue forecast raised to over $6.85 billion, up 3%. 3. Tapestry beat Wall Street earnings expectations of $2.00 per share. 4. Competitor Capri's sales declined significantly in the same quarter. 5. Company's limited manufacturing in China mitigates tariff impacts.