What Drove Tapestry’s Fiscal 2Q18 Margins?
Tapestry (TPR) reported a 43% YoY (year-over-year) rise in its fiscal 2Q18 EPS (earnings per share), which stood at $1.07 during the quarter. Fashion giant Ralph Lauren (RL), which reported its quarterly results on February 1, 2018, also delivered an earnings beat. Michael Kors (KORS), which was scheduled to report its quarterly results a day after Tapestry, was expected to post a 22% YoY fall in its EPS to $1.28.