Tapestry reported Q2 FY24 net sales of $2.08 billion, up 3 per cent YoY, with a gross margin increase to 71.6 per cent.
Operating income rose to $448 million, and net income reached $322 million.
International revenue grew by 12 per cent, with significant gains in Greater China and Europe.
The company’s inventory was reduced to $825 million.Tapestry reported Q2 FY24 net sales of $2.08 billion, up 3 per cent YoY, with a gross margin increase to 71.6 per cent.
Operating income rose to $448 million, and net income reached $322 million.
International revenue grew by 12 per cent, with significant gains in Greater China and Europe.
The company’s inventory was reduced to $825 million.
