Tapestry's Q1 Earnings Beat, Gross Margin Expands, FY25 View Raised

Tapestry, Inc. (TPR) reported first-quarter fiscal 2025 results, which exceeded the Zacks Consensus Estimate for revenues and earnings despite a challenging global economic and consumer environment. The top line declined while the bottom line increased year over year. Driven by the first quarter results, Tapestry raised its fiscal 2025 outlook.Tapestry's first-quarter results reflected the company's brand strength and operational excellence that support its strategic growth initiatives. This performance hig ...