Tapestry Inc. (NYSE: TPR), a leading luxury fashion company, on Thursday reported a decrease in net sales and adjusted earnings for the fourth quarter of 2024.
- Q4 net sales totaled $1.59 billion compared to $1.62 billion in the prior year period, representing a year-over-year decline of 2%
- Net income was $159 million in Q4, with EPS of $0.68, compared to $224 million or $0.95 per share in Q4 2023
- Adjusted net income decreased to $217 million or $0.92 per share in the fourth quarter from $224 million or $0.95 per share last year
- Gross profit totaled $1.19 billion in Q4, while gross margin was 74.9%, vs. $1.17 billion in the prior-year quarter, representing a gross margin of 72.4%
- Q4 operating income was $235 million, while operating margin was 14.8%, vs. $274 million operating profit and a 16.9% operating margin Q4 2023
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
GIS Earnings: All you need to know about General Mills’ Q1 2025 earnings results
General Mills, Inc. (NYSE: GIS) reported its first quarter 2025 earnings results today. Net sales decreased 1% year-over-year to $4.8 billion. Organic sales were down 1%. Net earnings attributable to
Guardian Pharmacy seeks to raise up to $108 mil in US IPO
Joining the wave of healthcare IPOs this year, amid Fed rate cut expectations, Guardian Pharmacy Services, Inc. is preparing to go public. In a statement filed with the Securities and
Earnings Preview: Will Micron (MU) maintain recovery momentum in Q4?
After recovering from a rough patch, Micron Technology Inc. (NASDAQ: MU) is preparing to report fourth-quarter results next week, even as the market keeps a close watch on the event
