February 6, 2018 / 11:56 AM / a year ago

REFILE-Coach owner Tapestry's quarterly sales beat expectations

(Corrects company ticker symbol in first paragraph to TPR.N from TPS.N)

Feb 6 (Reuters) - Handbag maker Tapestry Inc, formerly Coach, on Tuesday reported quarterly revenue that beat analysts’ expectations, driven by higher sales in its Coach and Stuart Weitzman brands.

Net revenue rose to $1.79 billion, topping the average analyst estimate of $1.77 billion, according to Thomson Reuters I/B/E/S.

Net income fell to $63.2 million, or 22 cents per share, in the quarter ended Dec. 30, from $199.7 million, or 71 cents per share, a year earlier, due to charges related to the new U.S. tax law. (Reporting by Nivedita Balu and Sangameswaran S in Bengaluru; Editing by Saumyadeb Chakrabarty)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below