Tapestry reports Q1 non-GAAP EPS $1.02, consensus 95c

Reports Q1 revenue $1.51B, consensus $1.47B. CEO Joanne Crevoiserat said, “Our Q1 results outperformed expectations, showcasing the brand magic and operational excellence that fuel our strategic growth agenda. Our talented global teams fostered consumer connections through innovative products, experiences, and storytelling, while managing our business with focus and discipline against a dynamic backdrop. We remain in a position of strength, with distinctive brands, an agile platform, and robust cash flow that provide us with strategic and financial flexibility to deliver accelerated organic growth and enhanced value creation in FY25 and for years to come.”