Tapestry reports Q1 non-GAAP EPS $1.38, consensus $1.26

Reports Q1 revenue $1.7B, consensus $1.64B. Joanne Crevoiserat, Chief Executive Officer of Tapestry (TPR), Inc., commented: “At our investor day in September, we introduced our Amplify plan – a bold vision to bring Tapestry’s iconic brands to new generations of consumers and drive durable growth. Our first quarter outperformance marked a powerful start to this next chapter. Through focused execution of our strategies, we brought creativity and craftsmanship to our customers around the world, achieving revenue and earnings increases ahead of expectations. From this position of strength, we are raising our full year outlook, reinforcing that our advantages are structural and sustainable. We remain confident in our bright future, with a proven track record and an unwavering commitment to deliver compounding growth and long-term shareholder value.”