$TPR Tapestry beats but not a buy yet.

EPS better than expected.
The strong Dollar a issue as the company sees a significant drop in tourist purchases.
Low single digit growth
Modest year over year decline in Gross margin.
Repurchased $300 mil of stock, their is a future $700m to repurchase authorized.
8th consecutive quarter of growth in Coach, its largest brand.
Kate Spade had comparable store sales decline.
Strong consumer overall.
Stock is in a very well defined downtrend, alert is set for a break above $29.