Tapestry lifts 2024 profit forecast on China demand rebound, strong margins
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Tapestry (TPR) stock up on FQ2 earnings beat and profit outlook hike
February 8, 2024 7:21 AM ESTTapestry (NYSE: TPR) stock rose 2.6% in premarket trading Thursday after the company unveiled better-than-anticipated earnings and revenue for the fiscal second quarter.
Concretely, the luxury fashion company posted earnings per share (EPS) of $1.63, topping the consensus estimates of $1.46. Quarterly revenue came in at $2.1 billion, also above the expectations of $2.05 billion.
Tapestry reported $824.9 million... More
