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BRIEF-Tapestry Reports Q4 Earnings Per Share Of $0.73

Published 14/08/2018, 09:37 pm
© Reuters.  BRIEF-Tapestry Reports Q4 Earnings Per Share Of $0.73

Aug 14 (Reuters) - Tapestry Inc TPR.N :

* TAPESTRY, INC. REPORTS FISCAL 2018 FOURTH QUARTER AND FULL YEAR RESULTS

* Q4 EARNINGS PER SHARE $0.73

* Q4 EARNINGS PER SHARE VIEW $0.57 -- THOMSON REUTERS I/B/E/S

* Q4 SAME STORE SALES FOR COACH ROSE 2 PERCENT

* Q4 SALES $1.48 BILLION VERSUS I/B/E/S VIEW $1.47 BILLION

* Q4 NON-GAAP EARNINGS PER SHARE $0.60

* EXPECTS REVENUES FOR FISCAL 2019 TO INCREASE AT A MID-SINGLE-DIGIT RATE FROM FISCAL 2018 TO $6.1 BILLION-$6.2 BILLION

* INVENTORY WAS $674 MILLION AT END OF QUARTER VERSUS ENDING INVENTORY OF $470 MILLION IN YEAR AGO PERIOD

* PROJECTS 2019 EARNINGS PER DILUTED SHARE IN RANGE OF $2.70-$2.80.

* IS PROJECTING OPERATING INCOME GROWTH RATE TO EXCEED REVENUE GROWTH RATE IN 2019

* FY EARNINGS PER SHARE VIEW $2.82, REVENUE VIEW $6.08 BILLION -- THOMSON REUTERS I/B/E/S

* NET SALES FOR COACH TOTALED $1.10 BILLION FOR Q4 VERSUS $1.05 BILLION IN PRIOR YEAR

* KATE SPADE Q4 OF 2018 NET SALES TOTALED $312 MILLION

* QTRLY COACH GLOBAL COMPARABLE STORE SALES ROSE 2%

* KATE SPADE Q4 GLOBAL COMPARABLE STORE SALES DECLINED 3%

* ENTERED PURCHASE AGREEMENTS TO BUY KATE SPADE'S OPERATIONS IN SINGAPORE, MALAYSIA, AUSTRALIA, STUART WEITZMAN'S BUSINESS IN SOUTHERN CHINA

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