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Jun 27, 2020
Tapestry Q4 2020 Earnings Report
Reported results ahead of internal expectations, driven by e-commerce growth and disciplined expense management
Key Takeaways
Tapestry, Inc. reported fiscal 2020 fourth quarter results, exceeding internal expectations. The company saw triple-digit e-commerce growth and a return to positive sales growth in Mainland China. They also significantly expanded gross margins and reduced SG&A expenses.
Delivered results ahead of internal top and bottom line expectations
Drove continued strong e-commerce growth with digital sales increasing triple digits versus prior year
Returned to positive year-over-year sales growth in Mainland China during the quarter
Significantly expanded gross margins driven in part through lower, more disciplined promotional activity
Revenue by Segment
Forward Guidance
Tapestry is not providing detailed guidance for fiscal 2021 due to the dynamic nature of the Covid-19 crisis and lack of visibility.
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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