Company Earnings Update 5 minutesRegister for Free AccessTapestry (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? Register for a free user account. This document was generated for Other research you may be interested in: Revealing Divisions in Consumer Sentiment: US Consumer Survey Insights ExtraFive Ways AI Is Being Used in Grocery RetailUS Innerwear Market: Three Trends Driving Success for Brands and RetailersImmersive Experiences in Retail: Driving Sales Through Enhanced Shopper Engagement