Tapestry Q2 record revenue $2.08B, EPS $1.63 adjusted; raises FY EPS outlook to $4.20-$4.25

TAPESTRY, INC.

2024-Q2 EPS reported $2.23 revenue$3,597,700,000

Record Q2 revenue of $2.08B (+3% YoY); gross margin 71.6% (+300 bps YoY).
Non-GAAP diluted EPS $1.63 (+20% YoY); reported EPS $1.39.
FY2024 EPS guidance raised to $4.20-$4.25 (8-9% growth); revenue ~$6.7B.
China regulator approved Capri acquisition; close expected calendar 2024.
Free cash flow $827M in Q2; dividend $0.35/quarter, annual $1.40 (+17% YoY).

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 0.9

TAPESTRY, INC. reported fiscal second quarter ended December 30, 2023 results: revenue $2.08 billion, net income $322 million, EPS $1.39 on a reported basis, and $1.63 on a non-GAAP basis. Guidance raised.

Period: fiscal second quarter ended December 30, 2023
Revenue: $2.08 billion
Net income: $322 million
EPS: $1.39 on a reported basis, and $1.63 on a non-GAAP basis
Guidance: raised
Result: reported results

Exact text from the filing

Net sales totaled $2.08 billion compared to $2.03 billion in the prior year period, representing growth of 3% on both a reported and constant currency basis.

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Source: SEC EDGAR

accession 0001157523-24-000195

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