Market Overview

Recap: Tapestry Q1 Earnings

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Shares of Tapestry (NYSE:TPR) rose 2.5% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were up 45.00% year over year to $0.58, which beat the estimate of $0.23.

Revenue of $1,172,000,000 declined by 13.70% from the same period last year, which beat the estimate of $1,040,000,000.

Looking Ahead

Tapestry hasn't issued any earnings guidance for the time being.

Tapestry hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Oct 29, 2020

Time: 07:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/wiicirki

Price Action

Company's 52-week high was at $30.40

52-week low: $10.18

Price action over last quarter: Up 37.35%

Company Profile

Coach, Kate Spade, and Stuart Weitzman are the fashion and accessory brands that comprise Tapestry. The firm's products are sold through about 1,500 company-operated stores, wholesale channels, and e-commerce in North America (62% of fiscal 2020 sales), Europe, Asia (32% of fiscal 2020 sales), and elsewhere. Coach (71% of fiscal 2020 sales) is best known for affordable luxury leather products. Kate Spade (23% of fiscal 2020 sales) is known for colorful patterns and graphics. Women's handbags and accessories produced 68% of Tapestry's sales in fiscal 2020. Stuart Weitzman, Tapestry's smallest brand, generates nearly all (98%) of its revenue from women's footwear.

 

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Posted-In: Earnings News