Tapestry beats earnings and revenue estimates and raises FY27 outlook
FROM THE WIRE · SEEKINGALPHA.COM
* Tapestry press release [https://seekingalpha.com/pr/20714601-tapestry-inc-reports-fiscal-2027-first-quarter-results-and-raises-full-year-outlook] (TPR [https://seekingalpha.com/symbol/TPR]): Q1 Non-GAAP EPS of $1.82 beats by $0.26. * Revenue of $1.9B (+11.8% Y/Y) beats by…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishBeating estimates and raising the annual outlook can support the shares of this luxury group.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Q1 non-GAAP EPS was $1.82, beating estimates by $0.26.
- 02Revenue reached $1.9 billion, up 11.8% year over year and $50 million above estimates.
- 03Operating cash flow was an inflow of $197 million versus $113 million a year earlier.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets