Tapestry(US:TPR)2024-08-15 11:19Financial Performance - Tapestry's FY24 revenue reached $6.7 billion[35,39], including record annual sales at Coach[39] - The company achieved a gross margin expansion of 250 basis points, reaching the highest level in over 15 years[39] - International sales, excluding foreign exchange impacts, grew by 6%[39] - The company reported record earnings per share (EPS) of $4.29, a double-digit increase from the prior year[39] - Tapestry generated over $1.1 billion in operating and free cash flow[39] Brand Performance (FY24) - Coach's net revenue was $5.10 billion, a 4% increase compared to the prior year[42] - Kate Spade's net revenue was $1.33 billion, a 5% decrease compared to the prior year[42] - Stuart Weitzman's net revenue was $242 million, a 13% decrease compared to the prior year[42] Fiscal Year 2025 Outlook - The company expects revenue to be approximately $6.7 billion[49] - Revenue growth is projected to be around 1% on a constant currency basis[49] - Diluted adjusted EPS is expected to be between $4.45 and $4.50, representing mid-single-digit growth[49]