Coach parent Tapestry tops forecast on profit [MarketWatch]
Tapestry, Inc. (TPR)
Last tapestry, inc. earnings: 4/30 06:45 am
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Source: MarketWatch
Coach parent Tapestry shares up 4.6% after profit beat Tapestry Inc. shares TPR, +0.87% rose 4.6% in premarket trade Tuesday, after the owner of Coach, Kate Space and Stuart Weitzman brands beat profit estimates for its fiscal first quarter. The company said it had net income of $20 million, or 7 cents a share, in the quarter, down from $122 millin, or 42 cents a share, in the year-earlier period. Adjusted per-share earnings came to 40 cents, ahead of the 36 cents FactSet consensus. Sales fell to $1.36 billion from $1.38 billion, just below the $1.37 billion FactSet consensus. Sales at Coach rose 1% to $966 million, Kate Spade sales fell 6% to $306 million and Stuart Weitzman sales fell 9% to $87 million. The company is expecting fiscal 2020 sales to rise in the low single digits, while EPS is expected to be roughly flat versus fiscal 2019. Shares have fallen 21% in 2019, while the S&P 500 SPX, +0.37% has gained 23%.
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TPR
News
- Tapestry, Inc. (NYSE: TPR) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- FTC may try to block yet another business merger [FOX Business Network]FOX Business Network
- FTC As The Final Hurdle In Tapestry's Acquisition Of Capri Holdings [Seeking Alpha]Seeking Alpha
- Spotting Winners: Tapestry (NYSE:TPR) And Apparel, Accessories and Luxury Goods Stocks In Q4 [Yahoo! Finance]Yahoo! Finance
- Tapestry CEO Joanne Crevoiserat Signals Confidence in Capri Deal [Yahoo! Finance]Yahoo! Finance
TPR
Earnings
- 2/8/24 - Miss
TPR
Sec Filings
- 4/15/24 - Form 4
- 4/15/24 - Form 8-K
- 3/4/24 - Form 4
- TPR's page on the SEC website