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Company Earnings Update

Tapestry (NYSE: TPR) 2Q19 Results: Improved Margin Performance at Coach but Revenues Miss Consensus

Coresight Research

Key Points

  • Tapestry reported flat 2Q19 EPS on a modest 0.9% sales increase.
  • The Coach brand proved nicely profitable with a 30.3% adjusted operating margin while Kate Spade and Stuart Weitzman were in transition with early indications of traction.
  • Revenue and EPS guidance modestly reduced reflecting 2Q19 results and the unstable global environment.

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