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Tapestry beat earnings expectations and said it is still aiming to complete the acquisition of Capri Holdings this year.
Tapestry Inc.'s stock was rallying 8% in premarket trading after the fashion brand company said its fourth-quarter results were better than expected. The parent of Coach, Kate Spade, New York and Stuart Weitzman brands said its profit for the three months ended June 29 fell to $159.3 million, or 68 cents a share, from $224.1 million, or 95 cents a share, in the year-ago quarter.
Coach parent Tapestry beat Wall Street expectations for fourth-quarter revenue, helped by robust demand for its popular Tabby handbags.
Note: Tapestry's FY'24 ended July 2024.
Besides Wall Street's top -and-bottom-line estimates for Tapestry (TPR), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.
Tapestry (TPR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Tapestry (TPR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Tapestry (TPR) strengthens its global luxury market position through digital innovation and regional strategy adjustments, focusing on customer-centricity and enhanced operational efficiency.
Tapestry (TPR) strengthens its position in the global luxury market through strategic initiatives, including digital transformation, regional adaptations and customer-centricity.
OAKLAND, Calif.--(BUSINESS WIRE)--ThredUp (NASDAQ: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, today announced that Noam Paransky has been appointed to the company's Board of Directors. With more than 25 years of experience in digital retail innovation and omnichannel strategy, Paransky will advise ThredUp as the company transforms its business from a legacy resale marketplace to an AI-powered resale marketplace. “In today's rapidly evolvin.