Tapestry Expects FY25 Revenue In The Area Of $6.7B (Est $6.80B), EPS Of $4.45 - $4.50 (Est $4.49)
Portfolio Pulse from Benzinga Newsdesk
Tapestry Inc. (TPR) expects FY25 revenue of $6.7 billion, slightly below the estimated $6.80 billion. The company projects earnings per share (EPS) of $4.45 to $4.50, aligning with the estimated $4.49. The EPS forecast includes a $0.35 negative impact from the suspension of share repurchase activity due to the proposed acquisition of Capri Holdings Limited and a $0.20 currency headwind.
August 15, 2024 | 10:51 am
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Tapestry Inc. (TPR) expects FY25 revenue of $6.7 billion, slightly below the estimated $6.80 billion. The company projects earnings per share (EPS) of $4.45 to $4.50, aligning with the estimated $4.49. The EPS forecast includes a $0.35 negative impact from the suspension of share repurchase activity due to the proposed acquisition of Capri Holdings Limited and a $0.20 currency headwind.
The revenue projection is slightly below estimates, which could be seen as a negative. However, the EPS aligns with estimates, mitigating some concerns. The negative impacts on EPS from share repurchase suspension and currency headwinds are already factored in, suggesting a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100