Tapestry (TPR) attracts 6.5 million new customers in North America, with more than 50% belonging to Gen Z and millennial demographics during fiscal 2024.
Tapestry (TPR) shares gained in intraday trading Thursday as the fashion designer posted better-than-anticipated results on strong demand in Europe.
The headline numbers for Tapestry (TPR) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Tapestry (TPR) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $0.95 per share a year ago.
Tapestry beat earnings expectations and said it is still aiming to complete the acquisition of Capri Holdings this year.
Tapestry Inc.'s stock was rallying 8% in premarket trading after the fashion brand company said its fourth-quarter results were better than expected. The parent of Coach, Kate Spade, New York and Stuart Weitzman brands said its profit for the three months ended June 29 fell to $159.3 million, or 68 cents a share, from $224.1 million, or 95 cents a share, in the year-ago quarter.
Coach parent Tapestry beat Wall Street expectations for fourth-quarter revenue, helped by robust demand for its popular Tabby handbags.
Tapestry (NYSE: TPR), a luxury goods retailer of handbags, shoes, and accessories, is scheduled to report its fiscal fourth-quarter results on Thursday, August 15. We expect the apparel retailer's stock to trade higher post the fiscal Q4 release with revenues and earnings beating expectations.
Besides Wall Street's top -and-bottom-line estimates for Tapestry (TPR), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.
Tapestry (TPR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Tapestry (TPR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Tapestry (TPR) strengthens its global luxury market position through digital innovation and regional strategy adjustments, focusing on customer-centricity and enhanced operational efficiency.