Tapestry reported a slight decline in Q3 FY24 net sales, dropping to $1.48 billion, a 2 per cent decrease from the previous year’s $1.51 billion.
The company saw an increase in gross profit to $1.11 billion, achieving a gross margin of 74.7 per cent.
Operating income was $204 million with a reported margin of 13.8 per cent.
Net income was $139 million.Tapestry reported a slight decline in Q3 FY24 net sales, dropping to $1.48 billion, a 2 per cent decrease from the previous year’s $1.51 billion.
The company saw an increase in gross profit to $1.11 billion, achieving a gross margin of 74.7 per cent.
Operating income was $204 million with a reported margin of 13.8 per cent.
Net income was $139 million.
