Tapestry, Inc. Reports Fiscal 2021 First Quarter Results
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Tapestry (TPR) Tops Q1 EPS by 39c, Revenues Beat
October 29, 2020 6:46 AM EDTTapestry (NYSE: TPR) reported Q1 EPS of $0.58, $0.39 better than the analyst estimate of $0.19. Revenue for the quarter came in at $1.17 billion versus the consensus estimate of $1.04 billion.
Tapestry, Inc. Fiscal First Quarter 2021 Highlights
Delivered top and bottom line results materially ahead of expectationsAchieved sequential improvement in revenue trends across all brandsDrove a second consecutive quarter of triple-digit e-commerce growth versus prior year, while simultaneously improving global store sales trendsPosted double-digit year-over-year revenue growth in Mainland ChinaSignificantly expanded gross margins by over 300... More