07:42 AM EDT, 05/09/2024 (MT Newswires) -- Tapestry (TPR) posted fiscal Q3 non-GAAP earnings Thursday of $0.81 per diluted share, up from $0.78 a year earlier.

Analysts polled by Capital IQ expected $0.68.

Net sales for the quarter ended March 30 were $1.48 billion, compared with $1.51 billion a year earlier.

Analysts polled by Capital IQ expected $1.50 billion.

For fiscal 2024, the company reiterated its non-GAAP EPS outlook of $4.20 to $4.25. Analysts polled by Capital IQ expect $4.23. It now expects revenue for the year of more than $6.6 billion, compared with its previous estimate of about $6.7 billion. Analysts polled by Capital IQ expect $6.74 billion.

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