Tapestry Q4 EPS $0.95 Misses $0.97 Estimate, Sales $1.62B Miss $1.65B Estimate
Portfolio Pulse from Benzinga Newsdesk
Tapestry (NYSE:TPR) reported Q4 earnings of $0.95 per share, missing the analyst consensus estimate of $0.97 by 2.06%. The company also reported quarterly sales of $1.62 billion, missing the analyst consensus estimate of $1.65 billion by 1.85%. This represents a 21.79% increase in earnings but a 0.34% decrease in sales compared to the same period last year.
August 17, 2023 | 10:46 am
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NEGATIVE IMPACT
Tapestry's Q4 earnings and sales missed analyst estimates, which could negatively impact the company's stock price in the short term.
Tapestry's Q4 earnings and sales fell short of analyst estimates. This underperformance could lead to a decrease in investor confidence, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100