Tapestry Jumps as Coach Strength Helps Sales Beat Estimates_老虎社区_美港股上老虎

Tapestry Jumps as Coach Strength Helps Sales Beat Estimates

Bloomberg2021-11-11

(Bloomberg) -- Revenue at Tapestry Inc. beat Wall Street’s expectations in the most recent quarter thanks to robust sales at Coach, as the brand’s recovery from the depths of the pandemic helped to ...

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NicNg
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·2021-11-12
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·2021-11-12
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·2021-11-12
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卧升龙
·2021-11-12
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·2021-11-12
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·2021-11-12
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·2021-11-12
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·2021-11-12
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·2021-11-12
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phantom74
·2021-11-12
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Winyss10
·2021-11-12
latest
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·2021-11-12
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yeelyn18
·2021-11-12
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·2021-11-12
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Johnlimwt
·2021-11-12
Good ?
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Veldora
·2021-11-12
Christmas will increase their Q4[Miser]
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Analysts surveyed by Bloomberg expected revenue of $1.44 billion.\nTapestry also raised its fiscal year 2022 guidance for revenue to $6.6 billion from $6.4 billion, and the board said it intends to buy back $1 billion worth of shares, an increase from its previous target of $500 million.\n\nKey Insights\n\n“Revenue trends accelerated compared to pre-pandemic levels, driven by North America, as well as continued growth in digital and China -- two key drivers of long-term opportunity,” Chief Executive Officer Joanne Crevoiserat said in the statement.\nCoach, which generates most of Tapestry’s revenue, reported better-than-expected sales of $1.11 billion, a 26% increase from a year earlier. Analysts surveyed by Bloomberg had expected sales of $1.07 billion. 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Tapestry said it had been successful in raising the average price of items at all three of its brands, part of a yearslong effort to move the businesses more upmarket.\n\nMarket Reaction\n\nTapestry shares rose as much as 8% Thursday in New York, the biggest intraday gain in a year. 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