Tapestry lowered FY 2025 EPS and revenue guidance, impacting stock value and analyst ratings.
Luxury brand company, Tapestry, revised its FY 2025 earnings guidance with a projected EPS of 4.450-4.500 and revenue of $6.7-$6.7bn, lower than the consensus estimates. The stock has been impacted by mixed analyst ratings. Recent developments include VP Manesh Dadlani selling shares, and Tapestry operates in Coach, Kate Spade, and Stuart Weitzman segments.
August 15, 2024
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