American Fashion House Tapestry’s Q2 FY 25 Sales $ 2.2 BN Hit
Tapestry, Inc, Focal 2025 Second ER 28, 2024, the coach, Kate Spad and Stuart Weisman’s main company said the year over-ear-ear-year has increased to $ 2.20 billion for 2024.
Tapestry, Inc.-over-over-your sales increase by 5 percent increased to $ 2.2 billion, with a total tariff of $ 1.6363 billion and a .4.5 percent margin. Knit income was $ 310 million ($ 450 million non-GAAP). Increases strong cash flow and balanced FY25 aspect, $ 6.85 billion income and projects the EPS of 4 4.85- $ 4.90. The company is confident in long -term growth.
Total profit has reached $ 1.63 billion, its total margin reflects 74.5 percent, operational improvement and low goods costs. Operating income has risen to $ 493 million on a report basis, 22.4 percent with operating margin, a non-GAAP byge, operating earning stock $ 548 million, including 24.9 percent margin.
Net income report in Q2 was reported as $ 310 million, there is income per share with per earning (EPS) Of $ 1.38. On a non-GAP basis, net income was $ 450 million, $ 2.00 with EPS, more than $ 1.63 in the previous year. The company has spent a $ 120 million charge related to the acquisition-related Debt-related Debt, which follows the concluded attachment agreement with Capri Holdings Limited. Adjasted free cash flow for this quarter was $ 891 million, which was a bit above $ 859 million in the previous year, the company said in a press release.
Tapestry retains a strong balance sheet, with cash and short -term investment a total of $ 1.0 billion and net debt at $ 1.7 billion, represents the leverage ratio of 1.6x. The company also announced plans to repay its $ 303 million April 2025 bond during maturity. Inventory level survey study at the end of Q2 at $ 937 million, is more than $ 825 million in the previous year as expected.
“Our powerful second quarter outfight is a proof of the Combined Commission of our exceptional parties and discipline brand. In the important holiday season, we have improved our growth agenda, with the world around the world. We have achieved our success with the accepted top and lower, the success we have achieved. As a result of integrated earnings towards the results of the record quarterly RevNew and share, “said Tapestry, Inc.’s Chief Executive Officer Joan Craviyasrat,
After a powerful quarter, tapestry has increased its outlook of 2021 for the fiscal year, now hopes that the income will be $ 6.85 billion, which reflects about 3 percent of the centers of the previous year’s Prarshas Prorsas. The company also expects to expand the operating margin of about 100 basic points, the cost of about $ 35 million net interest and the tax rate of 17 to 18 percent. EPSs represent 13 to 14 percent growth compared to the previous year and are projected between $ 4.85 and $ 4.90, exceeding the company’s previous direction $ 4.50 to $ 4.555. Adjustrated free cash flow is now expected to reach $ 1.2 billion from the previous estimate of $ 1.2 billion.
Tapestry’s view does not accept any earnings or earning effects from the acquisition of Capri Holdings, no more praise for the US, no element that does not change any policy change as a result of the upcoming US President administration’s shift. The forecast also includes 10 percent tariffs expected on imported products from China to the United States on February 4, 2025, although the agency expects it to have an unforgiving impact on the results of the 2025 fiscal year.
“Further, we have raised our attitude for the year, using our energy position to provide the results of the superi, when and by strategic investment to enhance the competitive benefits and energy sustainable. We remember confident in the brightest future and in the bright future and in the bright future of the tapestry, “Joan added.
Fabre 2 Fashion News Desk (HU)
