Tapestry beats by $0.04, reports revs in-line; guides FY25 revs in-line (37.96)
- Reports Q4 (Jun) earnings of $0.92 per share, $0.04 better than the FactSet Consensus of $0.88; revenues fell 1.8% year/year to $1.59 bln vs the $1.58 bln FactSet Consensus.
- Co issues guidance for FY25, sees EPS of $4.45-4.50, may not be comparable to $4.51 FactSet Consensus; sees FY25 revs of ~$6.7 bln vs. $6.78 bln FactSet Consensus.
- EPS incorporates a negative impact of $0.35 related to the suspension of share repurchase activity due to the proposed acquisition of Capri Holdings Limited, as previously outlined, and an estimated currency headwind of approximately $0.20 versus the Company's Fiscal 2025 EPS target as provided at its Investor Day in 2022.