Feb. 5 at 6:20 PM
$TPR What's Going On With Tapestry Stock? - Benzinga
The company, which owns the Coach and Kate Spade brands, delivered revenue of
$2.5 billion, an increase of 14% versus the prior year. This beat the expectation of
$2.32 billion. The company reported earnings per share of
$2.69, beating market expectations of
$2.22 a share.
Handbags and North America Are Strongest Segments
According to a presentation by the company, 56% of the sales were from handbags, 27% were from accessories and 6% were from footwear. The company also noted having a younger customer base in North America, where more than 60% of sales were made. https://www.benzinga.com/trading-ideas/movers/26/02/50418777/whats-going-on-with-tapestry-stock