Tapestry reports $1.32 non-GAAP EPS and $1.88 billion revenue, exceeding analyst expectations by $0.04 and $10M respectively.
Tapestry posted fourth-quarter non-GAAP earnings per share of $1.32, surpassing estimates by $0.04. Revenue reached $1.88 billion, up 9.3% year-over-year and $10 million above forecasts.
The company’s revenue growth of 9% year-over-year, or 11% on a pro forma constant currency basis, was driven by strong performance across its brands. Prior-year revenue stood at $1.72 billion, with consensus estimates at $1.87 billion for the quarter.
Shares of Tapestry may see modest gains as investors react to the earnings beat and revenue growth.