💨 Abstract

Tapestry Inc. reported a fiscal fourth-quarter loss of $517.1 million, or $2.49 per share. However, adjusted earnings of $1.04 per share exceeded Wall Street expectations. The company's revenue of $1.72 billion also surpassed forecasts. For the year, Tapestry reported a profit of $183.2 million with $7.01 billion in revenue. The company projects full-year earnings between $5.

Courtesy: WTOP Staff