Tapestry, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 30, 2024
May 09, 2024 at 06:45 am EDT
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Tapestry, Inc. reported earnings results for the third quarter and nine months ended March 30, 2024. For the third quarter, the company reported sales was USD 1,482.4 million compared to USD 1,509.5 million a year ago. Net income was USD 139.4 million compared to USD 186.7 million a year ago. Basic earnings per share from continuing operations was USD 0.61 compared to USD 0.8 a year ago. Diluted earnings per share from continuing operations was USD 0.6 compared to USD 0.78 a year ago.
For the nine months, sales was USD 5,080.1 million compared to USD 5,041.4 million a year ago. Net income was USD 656.7 million compared to USD 711.9 million a year ago. Basic earnings per share from continuing operations was USD 2.87 compared to USD 2.99 a year ago. Diluted earnings per share from continuing operations was USD 2.82 compared to USD 2.93 a year ago.
Tapestry, Inc. is a global house of luxury accessories and lifestyle brands. The Company's brands include Coach, Kate spade New York, and Stuart Weitzman. The Company operates through three segments: Coach, Kate Spade and Stuart Weitzman. The Coach segment includes global sales of Coach products to customers through Coach operated stores, including e-commerce sites and concession shop-in-shops, and sales to wholesale customers and through independent third-party distributors. The Kate Spade segment includes global sales primarily of kate spade new york brand products to customers through Kate Spade operated stores, including e-commerce sites and concession shop-in-shops, sales to wholesale customers, and through independent third-party distributors. The Stuart Weitzman segment includes global sales of Stuart Weitzman brand products primarily through Stuart Weitzman operated stores, sales to wholesale customers, through e-commerce sites, and through independent third-party distributors.
TAPESTRY, INC. 
