earnings
confidence high
sentiment positive
materiality 0.80
Tapestry beats Q1; record non-GAAP EPS $1.02, raises FY EPS to $4.50-$4.55
TAPESTRY, INC.
2025-Q1 EPS reported
$0.79
revenue$1,507,500,000
- Q1 revenue $1.51B flat YoY; GAAP EPS $0.79, non-GAAP EPS $1.02 (record).
- Gross margin expanded 280 bps to 75.3% from 72.5% YoY on ops and lower freight.
- Coach brand revenue $1.17B +1% (+2% CC); Kate Spade -7%; Europe +27%.
- Board declared $0.35 dividend payable Dec 23; FY dividend expected $1.40/share.
- Raised FY2025 EPS guidance to $4.50-$4.55 from $4.45-$4.50; revenue >$6.75B.