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0.0272108843537415 0.0268107242897158 0.0348139255702281 0.0344137655062025 0.020408163265306 0.0888355342136854 0.103241296518607 0.112044817927171
Stock impact report

Coach parent Tapestry tops forecast on profit [MarketWatch]

Tapestry, Inc. (TPR) 
Last tapestry, inc. earnings: 4/30 06:45 am Check Earnings Report
US:NYSE Investor Relations: tapestry.com/investors
Company Research Source: MarketWatch
Coach parent Tapestry shares up 4.6% after profit beat Tapestry Inc. shares TPR, +0.87% rose 4.6% in premarket trade Tuesday, after the owner of Coach, Kate Space and Stuart Weitzman brands beat profit estimates for its fiscal first quarter. The company said it had net income of $20 million, or 7 cents a share, in the quarter, down from $122 millin, or 42 cents a share, in the year-earlier period. Adjusted per-share earnings came to 40 cents, ahead of the 36 cents FactSet consensus. Sales fell to $1.36 billion from $1.38 billion, just below the $1.37 billion FactSet consensus. Sales at Coach rose 1% to $966 million, Kate Spade sales fell 6% to $306 million and Stuart Weitzman sales fell 9% to $87 million. The company is expecting fiscal 2020 sales to rise in the low single digits, while EPS is expected to be roughly flat versus fiscal 2019. Shares have fallen 21% in 2019, while the S&P 500 SPX, +0.37% has gained 23%. Show less Read more
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