Tapestry Inc. shares slid 10.7% premarket Tuesday, after the company beat estimates for its fiscal third quarter, but reported weakness at its Stuart Weitzman shoe brand. said Tuesday it had net income of $140 million, or 48 cents a share, in its fiscal third quarter to March 31, up from $122 million, or 43 cents a share, in the year-earlier period. On a non-GAAP basis, the company had EPS of 54 cents, above the FactSet consensus of 50 cents. Sales rose $1.32 billion from $995 million, also ahead of the FactSet consensus of $1.31 billion. Chief Executive Victor Luis said earnings were driven by continued growth at its Coach brand, where same-store sales rose led by North America. Kate Spade also contributed to overall performance, while at Stuart Weitzman, "results were negatively impacted by execution issues including production delays and lower sell-through of key carryover styles, which pressured sales and margins." The company is now expecting fiscal 2018 revenue to rise about 30% to $5.8 billion to $5.9 billion and adjusted EPS of $2.57 to $2.60. The FactSet consensus is for revenue of $5.9 billion and EPS of $2.59. Shares have gained 39% in the last 12 months, while the S&P 500 has gained 11%.