Tapestry, Inc. Reports Fiscal 2021 First Quarter Results
Strong Operating Income & EPS Growth Demonstrates Progress on Acceleration Program
Gross Margin Increased By More Than 300 Basis Points And SG&A Declined Significantly, Driving Over 700 Basis Points of Operating Margin Expansion Year-Over-Year
GAAP Operating Income was $202 Million vs. $52 Million a Year Ago; Non-GAAP Operating Income was $229 Million vs. $167 Million a Year Ago
GAAP EPS was $0.83 vs. $0.07 a Year Ago; Non-GAAP EPS was $0.58 vs. $0.40 a Year Ago
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