Tapestry, Inc. Reports Fiscal 2021 Second Quarter Results
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Tapestry (TPR) Tops Q2 EPS by 14c, Revenues Beat
February 4, 2021 6:48 AM ESTTapestry (NYSE: TPR) reported Q2 EPS of $1.15, $0.14 better than the analyst estimate of $1.01. Revenue for the quarter came in at $1.69 billion versus the consensus estimate of $1.63 billion.
Overview of Second Quarter 2021 Tapestry, Inc. Results
Net sales totaled $1.69 billion for the second quarter as compared to $1.82 billion in the prior year, representing a 7% decline.Gross profit totaled $1.17 billion, while gross margin was 69.6% on both a reported and non-GAAP basis. This compared to prior year gross profit of approximately $1.21 billion on a reported and non-GAAP basis and gross margin of 66.6% and 66.7% on a reported... More