TPR - Fashion Giant Tapestry Trims FY24 Revenue Outlook Amid Mixed Bag Of Q3 Earnings | Benzinga
Tapestry Inc (NYSE:TPR) reported a third-quarter FY24 sales decline of 2% year-on-year to $1.482 billion, missing the analyst consensus estimate of $1.498 billion.
Excluding a currency headwind of approximately 160 basis points, sales were approximately even with the prior year.
Adjusted EPS of $0.81 beat the consensus estimate of $0.67.
Gross profit increased 1% Y/Y to $1.10 billion, with the margin expanding 190 basis points to 74.7%.
Operating ...