Tapestry reports q2 earnings per share $1.08

Tapestry, inc. reports fiscal 2020 second quarter results.q2 earnings per share $1.08.sees fy 2020 revenue $5.9 billion.sees fy 2020 earnings per share about $2.15 to $2.25.q2 sales rose 1 percent to $1.82 billion.q2 non-gaap earnings per share $1.10.tapestry - escalating coronavirus outbreak now significantly impacting business in china, resulting in closure of majority of our stores on mainland.qtrly kate spade global comparable store sales declined 4%.qtrly coach global comparable store sales increased 2%.if situation in china further deteriorates, or outbreak affects demand outside of country, impact could be worse.tapestry - expect that second half results could be negatively impacted by about $200-$250 million in sales and $0.35-$0.45 in earnings per diluted share.inventory was $748 million at end of quarter.tapestry - qtrly stuart weitzman sales were impacted by softer demand across channels."had anticipated maintaining our fy20 guidance despite continuing headwinds in hong kong sar and challenges at stuart weitzman".tapestry - given dynamic nature of coronavirus situation, potential financial impact to business could be materially different from guidance given.q2 earnings per share view $0.99, revenue view $1.81 billion -- refinitiv ibes data.fy2020 earnings per share view $2.52, revenue view $6.10 billion -- refinitiv ibes data.
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