(CercleFinance.com) – On the occasion of the publication of its quarterly reports, Tapestry indicates that it is raising its annual objectives, to now target an adjusted EPS of between 4.20 and 4.25 dollars, for revenues still expected in the order of 6.7 billion, up 2% at constant exchange rates.
In its second quarter 2023-24, the parent company of the Coach, Kate Spade and Stuart Weitzman brands saw its adjusted EPS (non-GAAP) increase by 20% to $1.63, for revenues of $2.08 billion, in increase of 3% at constant exchange rates.
Although its turnover remained relatively sluggish in North America, it increased by 12% in local currencies internationally, with in particular increases of 19% in China in the broad sense and of 11 % in Europe.
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