Tapestry Q3 adjusted EPS $0.81 beats expectations; gross margin +190 bps; FY24 EPS outlook $4.20-$4.25

TAPESTRY, INC.

2024-Q3 EPS reported $2.82 revenue$5,080,100,000

Adjusted EPS $0.81 on revenue $1.48B (-2% YoY); gross margin 74.7% (+190 bps) on lower freight and FX tailwinds.
International revenue +3% constant currency; Europe +19%, Japan +2%; Greater China -2%; North America -3%.
YTD operating cash flow $1.00B and free cash flow $937M, well above prior year ($575M and $425M respectively).
Quarterly dividend $0.35/share declared (payable June 24, 2024); annual rate $1.40 (+17% YoY).
FTC filed suit to block Capri acquisition; Tapestry remains confident in closing by calendar 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TAPESTRY, INC. reported fiscal third quarter ended March 30, 2024 results: revenue $1.48 billion, net income $139 million, EPS $0.60.

Period: fiscal third quarter ended March 30, 2024
Revenue: $1.48 billion
Net income: $139 million
EPS: $0.60
Result: reported results

Exact text from the filing

levels 12% below the prior year, reflecting the Company’s focus on disciplined inventory management. Overview of Fiscal 2024 Third Quarter Financial Results • Net sales totaled $1.48 billion compared to $1.51 billion in the prior year period, representing a decline of 2% on a reported basis. Excluding a currency headwind of approximately 160 basis points, sales

View on SEC.gov

1053 earnings releases filed in the last 30 days. Browse all earnings releases →

TAPESTRY, INC. filing history →

Source: SEC EDGAR

accession 0001140361-24-025044

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.