TPR - Coach Parent Tapestry Trims FY24 Topline Forecast - What Are The Headwinds Behind? | Benzinga
Tapestry Inc (NYSE: TPR), the New York-based house of lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, reported first-quarter FY24 sales growth of 0.4% year-on-year to $1.51 billion, missing the analyst consensus estimate of $1.53 billion.
Adjusted EPS of $0.93 beat the analyst consensus of $0.90.
Gross profit increased 4.1% Y/Y to $1.10 billion, with the margin expanding 250 basis points to 72.5%.
Operating margin contracted 20 basis points to 16.7%, ...