BTIG Starts Tapestry Inc. (TPR) at Neutral

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Go back to BTIG Starts Tapestry Inc. (TPR) at Neutral

Tapestry (TPR) Misses Q3 EPS by 16c, Revenues Beat

April 30, 2020 6:47 AM EDT

Tapestry (NYSE: TPR) reported Q3 EPS of ($0.27), $0.16 worse than the analyst estimate of ($0.11). Revenue for the quarter came in at $1.07 billion versus the consensus estimate of $1.03 billion.

Overview of Third Quarter 2020 Tapestry, Inc. Results

The following results include the impact of the coronavirus. Please note the Company is not providing comparable store sales figures, as the Company believes this will not be a valuable measure given the current business environment and number of store closures during the quarter.

Net sales totaled $1.07 billion for the fiscal third quarter as compared to... More