Tapestry IncTPR
± MixedCapitalrelevance
Q4 beat but full-year revenue forecast slightly misses, mixed signals
Impact on stocks 1
Consumer Discretionary
Tapestry IncTapestry's full-year revenue forecast slightly misses market expectations
Earnings
Tapestry reported fourth-quarter results on the 13th, with revenue rising 8.9% year on year to 1.88 billion dollars, matching the average analyst estimate compiled by LSEG. Adjusted earnings per share came to 1.32 dollars, beating the analyst forecast of 1.28 dollars. The company projected full-year revenue of 8.4 billion to 8.5 billion dollars, with the midpoint slightly below the analyst estimate of 8.46 billion dollars. Kate Spade revenue fell 7% excluding currency effects, while Coach revenue rose 14%. North America revenue grew 7%, slowing from 8% a year earlier and about 20% in the previous quarter, while China rose 28% and Europe rose 19%.
Tapestry IncQ4 beat but full-year revenue forecast slightly misses, mixed signals