Tapestry (TPR) Named Top 2018 Pick at Bernstein
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Tapestry (TPR) Tops Q2 EPS by 18c, Beats on Revenues; Offers FY18 EPS Outlook Above Consensus, FY18 Revenue Mid-Point Guidance Above Consensus
February 6, 2018 6:49 AM UTCTapestry (NYSE: TPR) reported Q2 EPS of $1.07, $0.18 better than the analyst estimate of $0.89. Revenue for the quarter came in at $1.79 billion versus the consensus estimate of $1.77 billion.
Net sales totaled $1.79 billion for the second fiscal quarter as compared to $1.32 billion in the prior year, an increase of 35% on both a reported and constant currency basis.Net income for the quarter was $63 million on a reported basis, with earnings per diluted share of $0.22. This compared to reported net income of $200 million with earnings per diluted share of $0.71 in the prior... More