Tapestry (TPR) Misses Q2 EPS by 4c, Lowers FY Guidance

Tapestry (NYSE: TPR) reported Q2 EPS of $1.07, $0.04 worse than the analyst estimate of $1.11. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.86 billion.

GUIDANCE:

Tapestry sees FY2019 EPS of $2.55-$2.60, versus the consensus of $2.79.

• The Company expects revenues for fiscal 2019 to increase at a low-to-mid-single-digit rate from fiscal 2018.

For earnings history and earnings-related data on Tapestry (TPR) click here.

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