Tapestry raises annual EPS targets
For its second quarter 2023-24, the parent company of the Coach, Kate Spade and Stuart Weitzman brands saw its adjusted EPS (non-GAAP) rise by 20% to 1.63 dollars, for revenues of 2.08 billion, up 3% at constant exchange rates.
While sales remained more or less flat in North America, they rose by 12% in local currencies in international markets, with in particular increases of 19% in Greater China and 11% in Europe.
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