Categories AlphaGraphs, Consumer, Earnings

TPR Earnings: A snapshot of Tapestry’s Q2 2023 financial results

Luxury fashion company Tapestry Inc. (NYSE: TPR) has announced financial results for the second quarter of 2023, reporting a decline in sales.

Tapestry Q2 2023 earnings infographic

At $2.03 billion, second-quarter net sales were down 5% year-over-year, with all three operating segments registering declines.

Meanwhile, net income increased to $329.9 million or $1.36 per share in the most recent quarter from $317.9 million or $1.15 per share in the prior year period.

“During the key holiday season – where brand magic, compelling product, and operational excellence are required to win with consumers – we outperformed expectations. To this end, we delivered record second-quarter earnings despite a challenging backdrop,” said Tapestry’s CEO Joanne Crevoiserat.

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