Tapestry posts Q 4 sales and adjusted EPS above estimates; shares fall more than 5% premarket
Tapestry reported fourth-quarter net sales of $1.88 billion, compared with expectations of $1.87 billion. Fourth-quarter adjusted earnings per share were $1.32, versus expectations of $1.27. Adjusted operating profit was $362 million, up 25% from a year earlier. Tapestry expects fiscal 2027 adjusted earnings per share of $7.80 to $7.90, compared with market expectations of $7.87. Tapestry shares fell more than 5% in premarket trading.
Tapestry reported fourth-quarter net sales of $1.88 billion, compared with expectations of $1.87 billion.
Fourth-quarter adjusted earnings per share were $1.32, versus expectations of $1.27. Adjusted operating profit was $362 million, up 25% from a year earlier.
Tapestry expects fiscal 2027 adjusted earnings per share of $7.80 to $7.90, compared with market expectations of $7.87.
Tapestry shares fell more than 5% in premarket trading.
Fourth-quarter adjusted earnings per share were $1.32, versus expectations of $1.27. Adjusted operating profit was $362 million, up 25% from a year earlier.
Tapestry expects fiscal 2027 adjusted earnings per share of $7.80 to $7.90, compared with market expectations of $7.87.
Tapestry shares fell more than 5% in premarket trading.