Tapestry Sees FY24 EPS $4.10-$4.15, Revenue ~$6.7B vs $6.88B Est.
Portfolio Pulse from Benzinga Newsdesk
Tapestry Inc. has projected its FY24 earnings per share (EPS) to be between $4.10 and $4.15, with revenue around $6.7 billion. This is lower than the estimated revenue of $6.88 billion.
November 09, 2023 | 11:47 am
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Tapestry's projected FY24 EPS and revenue are lower than estimated, which may negatively impact its stock price.
Tapestry's lower than expected FY24 earnings and revenue projections could lead to a decrease in investor confidence, potentially causing a drop in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100