Tapestry Inc

NYSE:TPR  
31.41
+0.44 (+1.42%)
4:36:00 PM EDT: $31.30 -0.11 (-0.35%)
Share Repurchases, Other Pre-Announcement

Tapestry Reports Fiscal 2022 Third Quarter Results

Published: 05/12/2022 11:05 GMT
Tapestry Inc (TPR) - Tapestry, Inc. Reports Fiscal 2022 Third Quarter Results.
Q3 Non-GAAP Earnings per Share $0.51.
Q3 GAAP Earnings per Share $0.46.
Q3 Sales Rose 13 Percent to $1.44 Billion.
Now on Track to Return Approximately $1.9 Billion to Shareholders in Fiscal 2022.
Announces Board of Director's Approval of New $1.5 Billion Share Buyback Authorization.
Announces Board of Director's Approval of New $1.5 Billion Share Buyback Authorization.
Inventory at Quarter-end Was $913 Million Versus Ending Inventory of $700 Million a Year Ago.
Modifying Fiscal 2022 Outlook Due to Estimated Headwind of $0.25 to $0.30 From Incremental Covid-related Pressure in China.
Q3 Earnings per Share View $0.41, Revenue View $1.42 Billion -- Refinitiv Ibes Data (analyst estimates).
Sees Fiscal 2022 Revenue of Approximately $6.7 Billion.
Sees Fiscal 2022 Earnings per Diluted Share in the Area of $3.45.
FY2022 Earnings per Share View $3.62, Revenue View $6.75 Billion -- Refinitiv Ibes Data (analyst estimates).