WASHINGTON (dpa-AFX) - While reporting financial results for the second
quarter on Thursday, Tapestry, Inc. (TPR) raised its earnings guidance for the
full year 2024, while maintaining annual revenue outlook.

For fiscal 2024, the company now projects earnings in a range of $4.20 to $4.25
per share on revenues of approximately $6.7 billion, with constant currency
revenue growth of about 2 percent.

Previously, the company expected earnings in the range of $4.10 to $4.15 per
share on revenues approximately $6.7 billion, with constant currency revenue
growth of about 2 to 3 percent.

On average, analysts polled by Thomson Reuters expect the company to report
earnings of $4.12 per share on revenue of $6.73 billion for the year. Analysts'
estimates typically exclude special items.

The Company's Board of Directors also declared a quarterly cash dividend of
$0.35 per common share, payable on March 25, 2024 to shareholders of record as
of the close of business on March 8, 2024.

Further, Tapestry continues to expect to return approximately $325 million to
shareholders through dividend payments for an anticipated annual dividend rate
of $1.40 per share, an increase of 17% from prior year.

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