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05.11.26 - 23:54
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Tapestry CEO on Earnings Beat, Consumer Outlook (Bloomberg)
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Tapestry shares rose about 6% after the company beat earnings expectations and raised its guidance. CEO Joanne Crevoiserat says that strong performance across North America, Asia—with China as an anchor—and Europe supported the higher outlook. She described the latest quarter as another strong period following a robust prior year, and said Tapestry's growth capabilities are helping build durable momentum. She speaks with Romaine Bostick & Kailey Leinz on "The Close." (Source: Bloomberg)...
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05.11.26 - 13:12
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Tapestry, Inc. Bottom Line Advances In Q1 (AFX)
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WASHINGTON (dpa-AFX) - Tapestry, Inc. (TPR) announced a profit for its first quarter that Increases, from last yearThe company's earnings came in at $360 million, or $1.76 per share. This compares......
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05.11.26 - 12:51
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Tapestry, Inc. Reports Fiscal 2027 First Quarter Results and Raises Full Year Outlook (Business Wire)
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Exceeded First Quarter Revenue, Gross Margin, Operating Margin, and EPS Guidance
Delivered Revenue of $1.9 Billion, an Increase of 11% on a Reported Basis and 12% on a Pro Forma Basis Versus Prior Year, Led by 16% Growth at Coach Brand
Expanded Gross Margin by 230 Basis Points on a GAAP Basis and 220 Basis Points on a Non-GAAP Basis
Achieved GAAP Diluted EPS of $1.76, up 38% Versus Prior Year, and Non-GAAP Diluted EPS of $1.82, an Increase of 32% Versus Prior Year
Returned Approximately $700 Million to Shareholders Through Dividends and Share Repurchases
Increases Fiscal Year 2027 Capital Return Outlook to $2.0 Billion Driven by Incremental Share Repurchases
Raises Fiscal Year 2027 Revenue, Operating Margin, and Earnings Outlook
Link to Download Tapestry's Q1 Earnings Presentation, Including Brand HighlightsNEW YORK--(BUSINESS WIRE)--Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands, consisting of Coach and Kate Spade New York, today reported results for the fiscal first quar...
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