Company Earnings UpdateTapestry (NYSE: TPR) 3Q19 Results: Revenue Misses Expectations, Opening Stores in China Coresight Research May 13, 2019 Executive Summary Tapestry reported adjusted 3Q19 EPS of $0.42, down 22.2% from the prior year period and beating the $0.41 consensus estimate. Total revenues grew 0.8% (2% currency neutral) to $1.33 billion, missing the $1.34 billion consensus estimate. Adjusted gross margin expanded 30 bps to 69.2%, driven by Kate Spade. The company continues to expect a low-to-mid-single-digit revenue growth and EPS of $2.55-2.60 for fiscal 2019. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Analyst Corner: Constrained Consumers Could Soon “Get to the Goods” Again—Evolving In-Store Loss Prevention, with John HarmonSeasonal Shopping, 1Q25—Expectations for Valentine’s Day and Presidents’ Day: US Consumer Survey Insights ExtraTrends and Predictions for 2025 with Updates from CES and NRF: Premium Subscriber Call, January 2025Three Data Points We’re Watching This Week, Week 8
