Tapestry net sales increase 1 per cent in Q2 FY20

Fashion

11 Feb `20

3 min read

Tapestry, a leading New York-based house of modern luxury accessories and lifestyle brands, posted 1 per cent growth to $1.82 billion in net sales in second quarter (Q2) FY20 that ended on December 28, 2019. Net sales stood at $3.1 billion for six months period in FY20. Gross profit in Q2 totaled $1.21 billion, while gross margin was 66.6 per cent.

Tapestry, a leading New York-based house of modern luxury accessories and lifestyle brands, posted 1 per cent growth to $1.82 billion in net sales in second quarter (Q2) FY20 that ended on December 28, 2019. Net sales stood at $3.1 billion for six months period in FY20. Gross profit in Q2 totaled $1.21 billion, while gross margin was 66.6 per cent. #

SG&A expenses totaled $847 million on a reported basis and represented 46.6 per cent of sales. Other income was $6 million. Net income for the quarter was $299 million on a reported basis compared to net income of $255 million in the prior year period.

Tapestry, a leading New York-based house of modern luxury accessories and lifestyle brands, posted 1 per cent growth to $1.82 billion in net sales in second quarter (Q2) FY20 that ended on December 28, 2019. Net sales stood at $3.1 billion for six months period in FY20. Gross profit in Q2 totaled $1.21 billion, while gross margin was 66.6 per cent. #

Net sales for Coach increased 2 per cent to $1.27 billion in Q2 FY20 compared to the prior year period. Gross profit for Coach totaled $877 million, while gross margin was 69.1 per cent.

Tapestry, a leading New York-based house of modern luxury accessories and lifestyle brands, posted 1 per cent growth to $1.82 billion in net sales in second quarter (Q2) FY20 that ended on December 28, 2019. Net sales stood at $3.1 billion for six months period in FY20. Gross profit in Q2 totaled $1.21 billion, while gross margin was 66.6 per cent. #

SG&A expenses for Coach were approximately $494 million on a reported basis and represented 38.9 per cent of sales. Operating income for Coach totaled $383 million compared to reported operating income of $374 million in the prior year, while operating margin was 30.1 per cent versus 30 per cent a year ago.

Tapestry, a leading New York-based house of modern luxury accessories and lifestyle brands, posted 1 per cent growth to $1.82 billion in net sales in second quarter (Q2) FY20 that ended on December 28, 2019. Net sales stood at $3.1 billion for six months period in FY20. Gross profit in Q2 totaled $1.21 billion, while gross margin was 66.6 per cent. #

Net sales for Kate Spade totaled $430 million for the fiscal second quarter as compared to $428 million in the prior year. Gross profit for Kate Spade totaled $262 million, while gross margin for the quarter was 61 per cent, on a reported and non-GAAP basis.

Tapestry, a leading New York-based house of modern luxury accessories and lifestyle brands, posted 1 per cent growth to $1.82 billion in net sales in second quarter (Q2) FY20 that ended on December 28, 2019. Net sales stood at $3.1 billion for six months period in FY20. Gross profit in Q2 totaled $1.21 billion, while gross margin was 66.6 per cent. #

SG&A expenses for Kate Spade were approximately $194 million on a reported basis and represented 45.2 per cent of sales. Operating income for Kate Spade was $68 million on a reported basis, representing an operating margin of 15.8 per cent.

Tapestry, a leading New York-based house of modern luxury accessories and lifestyle brands, posted 1 per cent growth to $1.82 billion in net sales in second quarter (Q2) FY20 that ended on December 28, 2019. Net sales stood at $3.1 billion for six months period in FY20. Gross profit in Q2 totaled $1.21 billion, while gross margin was 66.6 per cent. #

Net sales for Stuart Weitzman decreased 7 per cent to $116 million on a reported basis for Q2 FY20 compared to $124 million reported in the same period of the prior year. Gross profit for Stuart Weitzman totaled $70 million on a reported basis, while gross margin for the quarter was 60.5 per cent.

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