(Boursier.com) — Tapestry , the American luxury group known for its Coach, Kate Spade and Stuart Weitzman brands, announced historic revenues of more than $1.5 billion for its first fiscal quarter, for a gross margin up 250 basis points and diluted earnings per share up 6% to 84 cents. Adjusted earnings per share rose 18% to 93 cents, above expectations. The group maintains its earnings per share and operating cash flow estimates for the 2024 financial year, for revenues now expected at around $6.7 billion. Diluted EPS is anticipated between $4.10 and $4.15, an increase of 6 to 7%.
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