Tapestry Q2 Adj. EPS $1.63 Beats $1.46 Estimate, Sales $2.08B Beat $2.05B Estimate
Portfolio Pulse from Benzinga Newsdesk
Tapestry (NYSE:TPR) reported Q2 adjusted EPS of $1.63, surpassing the $1.46 estimate, marking an 11.64% beat and a 19.85% increase from last year's $1.36. Sales reached $2.08B, exceeding the $2.05B estimate by 1.71% and showing a 2.96% increase from the previous year's $2.02B.
February 08, 2024 | 11:47 am
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POSITIVE IMPACT
Tapestry reported a significant beat on both EPS and sales estimates for Q2, with EPS at $1.63 against a $1.46 estimate and sales of $2.08B against a $2.05B estimate.
Tapestry's earnings and sales beat are likely to positively impact investor sentiment and the stock price in the short term. The significant beat on both key financial metrics, compared to analyst estimates, indicates strong company performance and could lead to upward revisions in future earnings forecasts and stock price targets.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100