Loading...
•
Sep 28, 2024
Tapestry Q1 2025 Earnings Report
Tapestry's Q1 2025 results exceeded expectations, driven by growth in Coach and strong cash flow generation.
Key Takeaways
Tapestry, Inc. reported fiscal 2025 first quarter results with revenue approximately in-line with prior year and earnings ahead of the company's outlook, led by growth at Coach. The company achieved diluted EPS of $0.79 and record non-GAAP diluted EPS of $1.02. Tapestry is raising its Fiscal 2025 outlook.
Revenue and earnings were above expectations, driven by Coach's growth.
Diluted EPS reached $0.79, with a record non-GAAP diluted EPS of $1.02.
Gross margin expanded by 280 basis points, with strong operating and free cash flow.
The company is raising its Fiscal 2025 outlook.
Revenue by Segment
Forward Guidance
Tapestry is raising its Fiscal 2025 outlook, which is provided on a non-GAAP basis. The Company now expects revenue of over $6.75 billion and Earnings per diluted share of $4.50 to $4.55.
Positive Outlook
- Revenue of over $6.75 billion, representing growth of approximately 1% to 2% versus prior year on a reported and constant currency basis
- Operating margin expansion over 50 basis points compared to prior year
- Net interest income of approximately $20 million
- Tax rate of approximately 19%
- Earnings per diluted share of $4.50 to $4.55, representing mid-single digit growth compared to the prior year
Challenges Ahead
- No revenue, net interest, or earnings impact related to the proposed acquisition of Capri Holdings Limited
- No impact from any potential future share repurchase activity in the Fiscal Year
- No further appreciation of the U.S. Dollar; information provided based on spot rates at the time of forecast
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
Loading earnings performance data...
Loading earnings reaction data...