Tapestry (TPR) reported earnings on Thursday, May 6.
The company reported adjusted earnings per share of 51 cents, beating analyst expectations of 31 cents. Revenues came in at $1.27 billion, beating expectations of $1.22 billion.
“Building on this momentum, we are increasingly optimistic about our ability to generate sustainable top and bottom-line growth. Looking forward, while the environment remains volatile, we see encouraging signs of recovery as vaccination efforts progress, resulting in increased consumer confidence, strong demand for our categories, and improving in-store traffic trends," said CEO Joanne Crevoiserat in the earnings release. "In this context, we remain focused on driving brand relevance and customer engagement through product innovation and compelling marketing, supported by data-driven insights and a digital-first mindset. We will also continue to lean into our competitive advantages, including our globally diversified, direct-to-consumer model, and distort investments to high-growth opportunities.
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