Tapestry (TPR) Tops Q1 EPS by 12c, Updates Guidance, Approves New $1B Buyback

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Go back to Tapestry (TPR) Tops Q1 EPS by 12c, Updates Guidance, Approves New $1B Buyback

Tapestry, Inc. Reports Fiscal 2022 First Quarter Results

November 11, 2021 6:45 AM EST

Raises FY22 Revenue and EPS Outlook Reflecting Strong First Quarter Performance and Underlying Momentum

Announces Board of Directors Approval of New $1 Billion Share Buyback Authorization

Declares Quarterly Cash Dividend Payment of $0.25 per Common Share

Delivered Revenue Growth of 26% Compared to Prior Year; Revenue Rose 9% Versus FY20 Pre-Pandemic Levels, Reflecting Continued Sequential Improvement Increased Gross Margin by Approximately 140 Basis Points Year-Over-Year and Over 450 Basis Points Compared to FY20 Pre-Pandemic Levels Driven by... More