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Tapestry Shares Unravel After Earnings Miss

Shares of Coach, Kate Spade parent company plunge almost 17% after fiscal second-quarter earnings ring in well below analysts' expectations.

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Net income for the fiscal second quarter ended Dec. 29 rose to $254.8 million, or 88 cents a share, from $63.2 million, or 22 cents, in the comparable year-earlier period.

On an adjusted basis, per-share earnings came in at $1.07, 4 cents shy of the FactSet consensus estimate of $1.11. Sales, meanwhile, gained 1% to $1.8 billion, also lower than analysts' forecasts of $1.86 billion.

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https://www.thestreet.com/investing/tape...yptr=yahoo

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Tapestry's stock soars after earnings beat, $1 billion stock repurchase program

Shares of Tapestry Inc. TPR,  soared 17% in premarket trade Thursday after the parent of Coach and Kate Spade brands reported fiscal third-quarter earnings that beat expectations and authorized a $1 billion stock repurchase program. Net income for the quarter to March 30 fell to $117.4 million, or 40 cents a share, from $140.3 million, or 48 cents a share, in the year-ago period. Excluding non-recurring items, adjusted EPS fell to 42 cents from 54 cents but was above the FactSet consensus of 41 cents. Sales rose 1% to $1.33 billion, just shy of the FactSet consensus of $1.34 billion.

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https://www.marketwatch.com/story/tapest...sSecondary

aktuell +5.25 auf 36

Tapestry (TPR) Q4 Earnings Meet, Shares Tumble on Weak View

Shares of Tapestry, Inc. TPR are down roughly 8% in the pre-market trading session on Aug 15, following the company’s fourth-quarter fiscal 2019 results. While earnings came in line, net sales fell short of the Zacks Consensus Estimate. Also, soft first-quarter fiscal 2020 view was not well perceived by investors.

We note that the company posted adjusted quarterly earnings of 61 cents a share, which met the Zacks Consensus Estimate but came in a penny higher than the year-ago period.

Net sales of this New York-based company came in at $1,513.7 million, up 2% year over year on a reported and 4% on a constant currency basis. Sales increase at Kate Spade and Stuart Weitzman contributed to the top-line growth. However, net sales came below the Zacks Consensus Estimate of $1,534 million.


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https://finance.yahoo.com/news/tapestry-...12267.html