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Tapestry (TPR) Q4 Earnings Meet, Shares Tumble on Weak View
Shares of Tapestry, Inc. TPR are down roughly 8% in the pre-market trading session on Aug 15, following the company’s fourth-quarter fiscal 2019 results. While earnings came in line, net sales fell short of the Zacks Consensus Estimate. Also, soft first-quarter fiscal 2020 view was not well perceived by investors.
We note that the company posted adjusted quarterly earnings of 61 cents a share, which met the Zacks Consensus Estimate but came in a penny higher than the year-ago period.
Net sales of this New York-based company came in at $1,513.7 million, up 2% year over year on a reported and 4% on a constant currency basis. Sales increase at Kate Spade and Stuart Weitzman contributed to the top-line growth. However, net sales came below the Zacks Consensus Estimate of $1,534 million.
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https://finance.yahoo.com/news/tapestry-...12267.html
![[Bild: TPRc1dl1554.png]](https://finviz.com/publish/081519/TPRc1dl1554.png)
Shares of Tapestry, Inc. TPR are down roughly 8% in the pre-market trading session on Aug 15, following the company’s fourth-quarter fiscal 2019 results. While earnings came in line, net sales fell short of the Zacks Consensus Estimate. Also, soft first-quarter fiscal 2020 view was not well perceived by investors.
We note that the company posted adjusted quarterly earnings of 61 cents a share, which met the Zacks Consensus Estimate but came in a penny higher than the year-ago period.
Net sales of this New York-based company came in at $1,513.7 million, up 2% year over year on a reported and 4% on a constant currency basis. Sales increase at Kate Spade and Stuart Weitzman contributed to the top-line growth. However, net sales came below the Zacks Consensus Estimate of $1,534 million.
...
https://finance.yahoo.com/news/tapestry-...12267.html
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