Tapestry reports q1 earnings per share $0.07

Tapestry, inc. reports fiscal 2020 first quarter results.q1 earnings per share $0.07.q1 sales $1.36 billion versus $1.38 billion.qtrly coach global comparable store sales increased 1%.qtrly net sales for kate spade totaled $306 million compared to $325 million.qtrly kate spade global comparable store sales declined 16%.inventory was $880 million at the end of quarter.qtrly net sales for coach totaled $966 million 1% above prior year.expects revenues for fiscal 2020 to increase at a low-single-digit rate.sees fy eps to be approximately even with prior year.stuart weitzman sales for quarter were negatively impacted by softer wholesale demand and continued operational challenges.fy2020 earnings per share view $2.55, revenue view $6.14 billion -- refinitiv ibes data.maintaining our outlook for fiscal 2020.tapestry - kate spade's comparable store sales declined in quarter, reflecting product and merchandising challenges previously identified.on coach, comps in quarter in europe, japan, china were strong offsetting weakness in hong kong; north america was even with prior year.q1 earnings per share view $0.37, revenue view $1.37 billion -- refinitiv ibes data.qtrly adjusted earnings per share $0.40.
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