Welcome to our dedicated page for Tapestry news (Ticker: TPR), a resource for investors and traders seeking the latest updates and insights on Tapestry stock.
Tapestry, Inc. (symbol: TPR) is a renowned global house of brands that unites the magic of Coach, Kate Spade New York, and Stuart Weitzman. The company excels in producing high-quality fashion and accessories, operating around 1,400 stores worldwide, including North America, Europe, and Asia. Each brand under the Tapestry umbrella is unique: Coach is celebrated for its affordable luxury leather products, Kate Spade is known for its vibrant patterns and graphics, and Stuart Weitzman specializes in women’s footwear. In fiscal 2023, Coach accounted for 75% of sales, Kate Spade contributed 21%, and Stuart Weitzman added 4%.
In a recent strategic move, Tapestry agreed to acquire Capri Holdings Limited, adding Michael Kors, Versace, and Jimmy Choo to its brand portfolio. This acquisition is expected to enhance Tapestry's market presence and product diversity. The company is also known for its commitment to social responsibility, making significant strides in sustainability and community support.
For instance, the Coach (Re)Loved & Repair Workshop achieved Gold-level TRUE Zero Waste Certification, reflecting its dedication to environmental sustainability. This initiative has successfully diverted over 90% of waste from landfills through recycling and reuse, among other methods. Tapestry also supports various philanthropic efforts, such as the Coach Foundation, which aims to expand educational opportunities through the
Tapestry, Inc. (NYSE: TPR) will hold a conference call on February 9, 2023, at 8:00 a.m. (ET) to discuss its fiscal 2023 second quarter results, which will be released earlier that morning. Investors can participate via telephone by calling 1-866-847-4217 or 1-203-518-9845 with Conference ID 9704378. The audio webcast is accessible through Tapestry's investor page. A telephone replay will be available starting at 12:00 noon (ET) on the same day. Tapestry, which includes brands like Coach and kate spade, focuses on innovation, sustainability, and building a diverse company.
Tapestry has been recognized by Built In as one of the 'Best Places to Work' for the second consecutive year, earning the title of 'Best Large Company' in New York. The company emphasizes a supportive environment that fosters growth, diversity, and employee well-being. Tapestry's 2019 goals include increasing ethnic minority representation in leadership, improving Employee Inclusion Index scores, promoting internal career progression, and enhancing work-life balance through robust benefits. The commitment to its workforce is pivotal to Tapestry's success across its esteemed brands - Coach, kate spade new york, and Stuart Weitzman.
Tapestry, Inc. (NYSE: TPR) has declared a quarterly cash dividend of $0.30 per share, payable on December 27, 2022. Shareholders of record as of the close of business on December 9, 2022 will receive this dividend. The company, known for its luxury brands including Coach, Kate Spade, and Stuart Weitzman, emphasizes its commitment to sustainability and inclusivity in the fashion industry, leveraging its brand strengths to enhance customer experiences and community empowerment.
Tapestry, Inc. (NYSE: TPR) reported a record first quarter revenue of $1.5 billion, marking a 2% increase year-over-year on a reported basis and over 5% in constant currency. Diluted earnings per share (EPS) reached $0.79, surpassing expectations. The company anticipates returning $1 billion to shareholders in fiscal 2023, supported by a strong balance sheet. Despite a 370 basis point negative impact from foreign exchange, Tapestry maintained its revenue outlook, expecting $6.5 billion to $6.6 billion for the year, showing resilience amid uncertainties.
Tapestry, Inc. (NYSE: TPR) will hold a conference call on
Tapestry, Inc. (TPR) has announced a roadmap aimed at achieving a revenue of
Tapestry, Inc. (NYSE: TPR) reported robust fourth quarter results, with GAAP EPS of $0.75, an 8% increase year-over-year, and non-GAAP EPS of $0.78, up 20%. Annual sales reached a record $6.7 billion, marking over 15% growth. Digital revenue soared to $2 billion, a 25% year-over-year increase. The Board approved a 20% dividend increase, raising the annual rate to $1.20 per share. Looking ahead, Tapestry expects fiscal 2023 revenue between $6.9 billion, reflecting 3-4% growth, and forecasts EPS of $3.80 to $3.90, representing double-digit growth.
Tapestry, Inc. (NYSE: TPR) announced the retirement of Chief Operations Officer Tom Glaser, effective October 1. In line with succession planning, Scott Roe, the current Chief Financial Officer, will expand his role to include COO responsibilities. Roe will oversee operations, supply chain, and IT while continuing as CFO. CEO Joanne Crevoiserat expressed gratitude for Glaser's contributions and confidence in Roe's leadership as the company maintains its Fiscal 2022 outlook. Tapestry plans to report its fourth-quarter results on August 18 and host an Investor Day on September 9, 2022.
Tapestry, Inc. (NYSE: TPR) will discuss its fiscal 2022 fourth quarter and year-end results on August 18, 2022, at 8:00 a.m. (ET). The results will be shared through a press release that morning. Interested parties can join the conference call by dialing 1-866-847-4217 or 1-203-518-9845 with Conference ID 4973027, or they can listen via a live audio webcast at www.tapestry.com/investors. A replay will be available for five business days after the event.
Coach has unveiled the Coach x Tom Wesselmann collection, featuring a global campaign starring Hari Nef, Kai-Isaiah Jamal, and Manami Kinoshita, photographed by Juergen Teller. This collection incorporates Wesselmann’s iconic artworks into signature Coach items, celebrating American heritage and pop culture. It highlights colorful motifs like lips and flowers on various product materials. The collection launches on July 29 and includes interactive digital experiences and TikTok content. Coach is a Tapestry brand, listed on the NYSE under the ticker TPR.
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