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: September 2025 US Retail Sales Outlook: Retail Outlook Score Plummets; Holiday-Quarter Growth Projection ModeratesFinancial Confidence Reaches Five-Month High; TJX Dominates Off-Price Retail; Dollar Tree Leads Dollar Stores: US Consumer Survey InsightsThree Data Points We’re Watching This Week, Week 24: Consumer Sentiment Improves: US vs. ChinaRedefining Global Sourcing: What a US–India Trade Deal Means for Retailers and Manufacturers
