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Chipotle and Cava pinned weaker sales on younger customers who are pulling back and packing lunches.

But Gen Z shoppers are still spending on Coach handbags to bring to work — even if they're skipping bowls and burritos.

Coach's parent company, Tapestry , raised its full-year outlook Thursday, after beating Wall Street's expectations for quarterly earnings and revenue and posting double-digit sales gains in North America.

In an interview with CNBC, Tapestry CEO Joanne Crevoiserat said the company's sales in the quarter were fueled by attracting new customers, particularly within Gen Z.

Tapestry, which also includes Kate Spade, acquired more than 2.2 million new customers glob

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