Tapestry's Q1 Earnings Beat, Gross Margin Expands, FY25 View Raised
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Tapestry, Inc. (TPR) reported strong Q1 earnings, driven by over a million new customers, mainly Gen Z and Millennials. The company also raised its fiscal 2025 outlook.
November 08, 2024 | 5:30 pm
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Tapestry, Inc. reported strong Q1 earnings, gaining over a million new customers, primarily Gen Z and Millennials. The company raised its fiscal 2025 outlook.
The strong Q1 earnings report and the increase in new customers, particularly from key demographics like Gen Z and Millennials, are positive indicators for Tapestry's growth. Additionally, the raised fiscal 2025 outlook suggests confidence in future performance, likely leading to a positive short-term impact on TPR's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100