Tapestry (TPR) stock up on FQ2 earnings beat and profit outlook hike
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Tapestry, Inc. Delivers Record Q2 Revenue and EPS; Raises Fiscal 2024 EPS Outlook
February 8, 2024 6:45 AM ESTDelivered Revenue of $2.1 Billion, Representing 3% Growth Compared to the Prior Year
Drove a Gross Margin Increase of 300 Basis Points Versus Last Year
Grew Operating Profit by 7% on a Reported Basis and 14% on a Non-GAAP Basis
Achieved Diluted EPS of $1.39 on a Reported Basis, Up 3% Versus Last Year, and $1.63 on a Non-GAAP Basis, Up 20% Versus Last Year
Generated Robust Operating and Free Cash Flow of Over $800 Million, Above Prior Year
Increased EPS Outlook... More
