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.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Earnings playbook: Your guide to a busy week of earnings, including Alphabet and TeslaWall Street will get its first glimpse of Big Tech earnings this week.
Bron: CNBC - 🏆 12. / 72 Lees verder »

Apple Q3 Earnings Preview: a Closer Look at Earnings Forecasts and China Market StrategyDiscover what to expect from Apple’s Q3 earnings report on 2 August, with a focus on financial forecasts, share repurchases, and the tech giant's strategy as it navigates challenges in China.
Bron: DailyFX - 🏆 305. / 63 Lees verder »