Why Are Tapestry’s Profits Likely To Witness A Decline In FY 2020?

This should result in Tapestry’s earnings margin (i.e., revenues less all expenses, expressed as a percentage of revenues) contracting by 60 basis points from 10.7% in 2019 to an expected 10.1% in 2020 – resulting in a slight reduction in Tapestry’s profits for the year…

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