Tapestry, Inc. (NYSE:TPR) is reporting first quarter financial results on Thursday 29th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, TPR is expected to report 1Q21 income of $ 0.23 per share from revenue of $ 1069.52 million.
For the full year, analysts anticipate top line of $ 5106.18 million, while looking forward to income of $ 1.87 per share bottom line.
Previous Quarter Performance
Tapestry, Inc. revealed loss for the fourth quarter of $ 0.25 per share, from the revenue of $ 714.80 million. The quarterly revenues contracted 47.36 percent compared with the same quarter last year. The consensus estimates are income of $ 0.17 per share from $ 1092.96 million in revenue. The bottom line results missed street analysts by $ 0.42 or 247.06 percent, at the same time, top line results fell short of analysts by $ 378.16 million or 34.6 percent.
Stock Performance
Shares of Tapestry, Inc. traded low $ -0.11 or -0.51 percent on Wednesday, reaching $ 21.31 with volume of 8.29 million shares. Tapestry, Inc. has traded high as $ 21.50 and has cracked $ 20.73 on the downward trend
According to the previous trading day, closing price of $ 21.31, representing a 110.41 % increase from the 52 week low of $ 10.18 and a 29.54 % decrease over the 52 week high of $ 30.40.
The company has a market capital of $ 5.91 billion and is part of the Consumer Cyclical sector and Luxury Goods industry.
Conference Call
Tapestry, Inc. will be hosting a conference call at 12:00 PM eastern time on 29th October 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.tapestry.com
Tapestry, Inc. provides luxury accessories and lifestyle brands in the United States, Japan, China, Hong Kong, Macau, East Asia, Europe, Canada, Taiwan, South Korea, Malaysia, and Singapore. It operates through three segments: Coach, Kate Spade, and Stuart Weitzman.
