Company Earnings UpdateTapestry (NYSE: TPR) 4Q19 Results: Coach and Stuart Weitzman Drive Results as Kate Spade Disappoints but Offers Upside Coresight Research August 16, 2019 Executive Summary Tapestry reported adjusted 4Q19 EPS of $0.61, up 1.7% from the prior year period, and meeting the $0.61 consensus estimate. Total revenues grew 2% (4% currency neutral) to $1.51 billion, shy of the $1.53 billion consensus estimate. Adjusted gross margin contracted 70 bps to 67.2%, driven by Kate Spade. The company’s guidance for FY20 is for a low-single-digit increase in revenues, and EPS approximately equal to FY19’s adjusted EPS of $2.57. The company will not be looking to pursue strategic acquisitions as its focus will be on organic growth in FY20. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: US Drugstore and Pharmacy Retailing: Market Forecast and Competitive Landscape—The Pharmacy ShakeoutThe STORE Framework for Driving Innovation in RetailInnovator Profile: Kalder—Monetizing Customer Loyalty with White-Label Cashback and RewardsSeasonal Shopping, 1Q25—Expectations for Valentine’s Day and Presidents’ Day: US Consumer Survey Insights Extra
