Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Tapestry Inc    TPR

TAPESTRY INC (TPR)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Tapestry : Net Rises as Revenue Increases on Kate Spade Deal

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/01/2018 | 01:44pm CEST

By Carlo Martuscelli

Tapestry Inc. (TPR) on Tuesday reported a 15% rise in the fiscal third-quarter net income, as revenue increased following its acquisition of the Kate Spade brand.

The New York-based luxury fashion company earned a quarterly profit of $140.3 million, or 48 cents a diluted share, up from $122.2 million, or 43 cents a share, for the same period last year. Excluding items, Tapestry reported an adjusted profit of 54 cents a share for the quarter ended March 31, compared with an adjusted profit of 46 cents last year and analysts' forecasts of 50 cents.

Analysts expected a profit of $141 million, or 49 cents a share, according to FactSet.

Sales rose to $1.32 billion from $995.2 million. Analysts' forecasts called for $1.31 billion, according to FactSet.

Chief Executive Victor Luis said "Kate Spade contributed to our overall performance, as we made continued progress on our integration efforts including the realization of synergies and the execution of strategic initiatives."

For fiscal 2018, Tapestry projects operating income growth of at least 22% compared with the year before, driven by mid-single-digit organic growth as well as the Kate Spade purchase and synergies.

Tapestry also predicts earnings of $2.57 to $2.60 a share, an increase of about 19% to 21% for the year, as well as revenue growth of about 30%, to a range of $5.8 billion to $5.9 billion.

Write to Carlo Martuscelli at [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TAPESTRY INC
05/17TAPESTRY, INC. : Declares Quarterly Cash Dividend
BU
05/09TAPESTRY : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESUL..
AQ
05/03Amazon Loosens Its Grip on Retail Stocks
DJ
05/02TAPESTRY : Is now the time to buy, sell, or hold Apple, Advanced Micro Devices, ..
PR
05/02S&P 500 climbs on trade talk optimism, dollar positive for 2018
RE
05/01Seagate, Pfizer and Cummins skid while AbbVie jumps
AQ
05/01TAPESTRY : Maker of Coach Handbags Suffers as It Digests Acquisitions -- 2nd Upd..
DJ
05/01TAPESTRY : Kate Spade and Stuart Weitzman Are Struggling a Bit Under Tapestry, I..
AQ
05/01TAPESTRY : 3Q results top Street, Stuart Weitzman stumbles
AQ
05/01TAPESTRY : Net Rises as Revenue Increases on Kate Spade Deal -- Update
DJ
More news
News from SeekingAlpha
05/17Tapestry declares $0.3375 dividend 
05/1650 'Safer' Dividend Wall St. Favored Consumer Cyclical Stocks Topped By Entra.. 
05/15Greenlight added IAC/InterActiveCorp, exited Chemours in Q1 
05/02RiverPark Long/Short Opportunity Fund Q1 2018 Performance Summary 
05/01Susquehanna updates on Tapestry 
Financials ($)
Sales 2018 5 861 M
EBIT 2018 980 M
Net income 2018 347 M
Debt 2018 433 M
Yield 2018 3,03%
P/E ratio 2018 36,73
P/E ratio 2019 15,42
EV / Sales 2018 2,26x
EV / Sales 2019 2,11x
Capitalization 12 785 M
Chart TAPESTRY INC
Duration : Period :
Tapestry Inc Technical Analysis Chart | TPR | US8760301072 | 4-Traders
Technical analysis trends TAPESTRY INC
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 35
Average target price 55,9 $
Spread / Average Target 26%
EPS Revisions
Managers
NameTitle
Victor Luís Chief Executive Officer & Director
Todd Kahn President, Secretary & Chief Accounting Officer
Olajide James Zeitlin Non-Executive Chairman
Andrea Shaw Resnick CFO, Global Head-IR & Corporate Communications
Ivan M. Menezes Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
TAPESTRY INC0.43%12 785
INDITEX - INDUSTRIA DE DISEÑO TEXTIL-4.42%102 539
KERING21.83%71 069
FAST RETAILING CO LTD7.13%46 730
ROSS STORES3.96%31 589
PRADA S.P.A.45.76%13 420