Tapestry Q1 revenues increase 7 percent, updates outlook

American luxury and lifestyle company Tapestry said on Tuesday its Q1 revenue for 2018 rose by 7 percent, while net income for the quarter was 122 million US Dollars on a reported basis, with earnings per diluted share of 0.42 US Dollar compared to a reported net loss of 18 million US Dollars with loss per diluted share of 0.06 US Dollar in the prior year period.