Coach-Owner Tapestry (TPR) Tops Earnings and Guidance Views, Shares Rally on New $1 Billion Buyback Plan
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Tapestry, Inc. Reports Fiscal 2022 First Quarter Results
November 11, 2021 6:45 AM ESTRaises 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