News Formal

Tapestry Q3 Earnings Hit By Challenging Consumer, Capri Deal Costs

  • 📰 wwd
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 68%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Tapestry Q3 2024 net earnings were pushed down by professional and financing costs tied to the contested acquisition of Capri.

Tapestry’s third-quarter net income slipped 25.3 percent to $139.4 million, or 60 cents a share, from $186.7 million, or 78 cents, a year earlier.

Revenues for the three months ended March 30 decreased 1.8 percent to $1.48 billion from $1.51 billion amid what the company described as “a challenging consumer backdrop” in North America. The topline forecast for the year was also trimmed. Tapestry’s digital sales made up more than a quarter of the company’s overall sales and have more than tripled since before the pandemic.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 24. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

The Dream of ‘an American LVMH’ Dims With FTC Challenge to Tapestry and Capri MergerThe idea of an 'American LVMH' is called into question by the FTC lawsuit to nix the Tapestry-Capri merger, which complicates dealmaking.
Källa: wwd - 🏆 24. / 68 Läs mer »

Tapestry, Capri Holdings respond to FTC lawsuit opposing mergerThe U.S. fashion groups are in talks over an attempt from the U.S. Federal Trade Commission to stop a major fashion merger.
Källa: LuxuryDaily - 🏆 325. / 59 Läs mer »

Federal Trade Commission sues to block Tapestry's $8.5B acquisition of CapriThe Federal Trade Commission sued to block Tapestry, Inc.’s $8.5 billion acquisition of Capri Holdings Ltd.
Källa: ksatnews - 🏆 442. / 53 Läs mer »