Tapestry Earnings Strong As Coach Grows, Kate Spade Decline Slows [Investor's Business Daily]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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macysinc.com/ir
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Source: Investors Business Daily
Related news The parent of Coach and Kate Spade beat consensus fourth-quarter estimates early Tuesday, as Tapestry ( TPR ) also gave bullish revenue guidance. Tapestry stock rose nearly 4% before the market open. Estimates : Tapestry earnings to grow 12% to 56 cents a share on a 29% increase in revenue to $1.46 billion. Coach same-store sales are expected to rise 2.3%, while Kate Spade comps are seen tumbling 7.2%, according to Consensus Metrix analysts. Results : Tapestry earnings rose to 60 cents a share excluding various items. Sales grew to $1.48 billion. Coach same-store sales rose 2% while Kate Spade same-store sales fell 3%. Outlook: The company sees full-year revenue of $6.1 billion to $6.2 billion, vs. the Zacks consenus of $6.055 billion. Shares gained 3.8% before the open in the stock market today . Tapestry stock's longer-term 200-day line overtook its 50-day moving average last month, a bearish sign. Shares sank 11.7% in May on the company's last earnings report, which
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News
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- Macy's, Inc. (NYSE: M) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Macy's slashes job pledge, ups investment for $640M Rowan County distribution center [Yahoo! Finance]Yahoo! Finance
- Romance scammers turn victims into "money mules," creating a legal minefield for investigators [CBS News]CBS News
- I was happy in the UK and dead against moving to New York. When my partner was made redundant, it felt like our only option. [Business Insider]Business Insider
M
Earnings
- 2/27/24 - Beat
M
Sec Filings
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- M's page on the SEC website