Tapestry Inc. Earnings: Analyst Estimates and Insights
Earnings Date
Tapestry, Inc. (NYSE: TPR) is expected to release its fourth-quarter earnings for fiscal 2024 on August 15, 2024.
Analyst Estimates
Analysts estimate that Tapestry will report revenue of $1,575.56 million for the quarter, a slight decline from the previous quarter.
Key Factors to Watch
- Sales performance of Coach and Kate Spade brands
- Revenue growth in North America and Asia
- Gross margin and operating expenses
- Outlook for the upcoming fiscal year
Historical Performance
In the previous quarter, Tapestry reported revenue of $1,594.6 million, a 5% increase year-over-year. However, sales in North America declined by 1%.
Business Concentration
Tapestry's business is heavily concentrated in the Coach brand and the North American market. This could be a concern for investors if these segments experience a downturn.
Conclusion
Tapestry's upcoming earnings release will provide insights into the company's financial performance and the health of its key brands. Investors should pay attention to the company's outlook for the future and any guidance it provides regarding its long-term growth strategy.
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