Tapestry, Inc. Delivers Record First Quarter Revenue and EPS
View the full release here: https://www.businesswire.com/news/home/20231109208328/en/
- View the full release here: https://www.businesswire.com/news/home/20231109208328/en/
Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc., said, “We achieved record first quarter revenue and EPS as we continued to successfully advance our strategic growth agenda against a dynamic external backdrop. - During the quarter, we drove revenue gains at constant currency, significant gross margin expansion, and high-teens adjusted EPS growth.
- Excluding a 130 basis point headwind from currency due to the appreciation of the U.S. Dollar, revenue increased approximately 2% versus last year.
- On a reported basis, the tax rate for the quarter was 18.2% or 18.3% on a non-GAAP basis.