Powered by Coach, Tapestry’s Q4 Earnings Top Wall Street Estimates

Net income for the quarter fell 28.9 percent to $159.3 million, or 68 cents a share, from $224.1 million, or 95 cents, a year earlier. However, adjusted earnings of 92 cents a share came in better than the 88 cents analysts projected, according to Yahoo Finance.

“From this position of strength, we have a bold vision for the future and a steadfast commitment to drive growth and shareholder value for years to come,” Crevoiserat said. For the full year, Tapestry’s sales were flat at $6.7 billion, with a 3 percent increase in the Coach business overshadowing declines at the other brands.

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