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Sep 30, 2023
Tapestry Q1 2024 Earnings Report
Tapestry delivered record revenue and EPS, driven by brand building and customer centricity.
Key Takeaways
Tapestry, Inc. reported record first quarter revenue of $1.51 billion and EPS of $0.84, with non-GAAP EPS of $0.93. The company saw growth in international revenue, particularly in Japan and Greater China, and maintained its Fiscal Year 2024 earnings per share and operating cash flow outlook.
Achieved record first quarter revenue and EPS.
Drove a gross margin increase of 250 basis points versus last year.
International revenue growth fueled by gains in Japan and Greater China.
Maintained Fiscal Year 2024 earnings per share and operating cash flow outlook.
Revenue by Segment
Forward Guidance
Tapestry is maintaining its Fiscal 2024 earnings per share and operating cash flow outlook as a stronger margin improvement is expected to fully offset a more modest revenue growth projection given the expectation for incremental currency headwinds and a more moderate operational outlook for Asia and North America.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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