Tapestry: Q3 Earnings Insights

Tapestry TPR reported its Q3 earnings results on Thursday, May 11, 2023 at 06:45 AM.

Here's what investors need to know about the announcement.

Tapestry beat estimated earnings by 32.2%, reporting an EPS of $0.78 versus an estimate of $0.59.

Revenue was up $72.00 million from the same period last year.

Last quarter the company beat on EPS by $0.09 which was followed by a 0.6% drop in the share price the next day.

Here's a look at Tapestry's past performance:

Quarter	Q2 2023	Q1 2023	Q4 2022	Q3 2022
EPS Estimate	1.27	0.75	0.77	0.41
EPS Actual	1.36	0.79	0.78	0.51
Revenue Estimate	2.03B	1.50B	1.64B	1.42B
Revenue Actual	2.02B	1.51B	1.62B	1.44B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Tapestry management provided guidance for FY 2023, expecting earnings between $3.85 and $3.9 per share.

To track all earnings releases for Tapestry visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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