Tapestry Beats On Q4 Earnings, Gains From Strength In Customer Engagement By Gen Z And Millennials
Portfolio Pulse from Nabaparna Bhattacharya
Tapestry, Inc. (NYSE:TPR) reported strong Q4 earnings, beating analyst expectations with adjusted EPS of 92 cents and sales of $1.59 billion. The company saw significant customer engagement, particularly from Gen Z and Millennials, and improved operational metrics. TPR shares are trading higher by 8.01% premarket.
August 15, 2024 | 1:22 pm
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Tapestry, Inc. reported strong Q4 earnings, beating analyst expectations with adjusted EPS of 92 cents and sales of $1.59 billion. The company saw significant customer engagement, particularly from Gen Z and Millennials, and improved operational metrics. TPR shares are trading higher by 8.01% premarket.
The strong Q4 earnings report, beating both EPS and sales estimates, along with significant customer engagement and improved operational metrics, has led to an 8.01% increase in TPR shares premarket. This positive performance is likely to boost investor confidence in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100