Tapestry reports Q3 non-GAAP EPS $1.03, consensus 88c

Reports Q3 revenue $1.6B, consensus $1.53B. CEO Joanne Crevoiserat commented: “Our Q3 outperformance reinforces our position of strength. We accelerated top and bottom-line growth and raised our outlook for the fiscal year, demonstrating the power of brand building and our connections with consumers around the world. Importantly, while the external backdrop is complex, our vision remains clear. We maintain a bias for action and will harness our competitive advantages, including our global scale, compelling value, and strong fundamentals, to adapt and win in any environment. We are confident in our future and the meaningful opportunity to deliver durable growth and shareholder value.”