STOCK TITAN

Tapestry Inc - TPR STOCK NEWS

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.

About Tapestry Inc

Tapestry Inc (symbol: TPR) is a diversified global house of brands that unites some of the most recognizable names in fashion and luxury accessories. With an emphasis on accessible luxury, the company seamlessly integrates heritage and modernity, delivering products that combine artisanal craftsmanship with innovative design. Tapestry navigates the complex terrain of fashion retail by offering a distinctive blend of durability, style, and emotional appeal, making them a significant presence in the competitive apparel and accessories industry.

Brands Portfolio and Core Business

The conglomerate is anchored by three flagship brands, each with its own unique identity and market appeal:

  • Coach: Renowned for its affordable luxury leather goods, Coach serves as the major revenue engine with an extensive range of handbags, accessories, and innovative product lines that cater to a broad clientele seeking quality and style.
  • Kate Spade New York: Known for its vibrant aesthetics and playful graphics, Kate Spade provides a fresh take on women's handbags and accessories, infusing creativity and spirited design into everyday luxury.
  • Stuart Weitzman: This brand specializes in exquisite women's footwear, delivering luxury that aligns with both classic sensibilities and contemporary fashion trends.

Operational Model and Market Presence

Tapestry Inc has established a robust operational model that integrates multiple sales channels including company-operated stores, wholesale platforms, and a rapidly expanding e-commerce segment. Its international footprint spans major markets in North America, Europe, Asia, and other regions, enabling a global reach that is both versatile and resilient. The company’s ability to manage varied distribution channels underscores its adaptability and proficiency in meeting diverse consumer demands and market conditions.

Sustainable Practices and Circular Economy Initiatives

Innovation at Tapestry Inc is not limited to design alone; the company is deeply committed to sustainable operations and responsible business practices. Through initiatives such as product restoration programs and waste diversion strategies, the firm showcases its commitment to a circular economy. Programs like the (Re)Loved series are testament to the company’s drive to extend product lifecycles while reducing waste, thereby reflecting both environmental responsibility and creative reinvention.

Creative Design and Market Positioning

At the core of Tapestry Inc’s success is its ability to foster creativity that stems from diverse perspectives. By intertwining heritage, innovation, and functional design, Tapestry has created a brand culture that respects tradition while embracing modern trends. This approach not only appeals to a wide spectrum of consumers but also positions the company as an authoritative voice in the dynamic field of fashion retail. Each brand under the Tapestry umbrella benefits from a legacy of creative autonomy and strategic collaboration, ensuring that every collection resonates with both timeless elegance and the contemporary zeitgeist.

Expertise and Industry Significance

Demonstrating deep industry expertise and high standards in craftsmanship, Tapestry Inc is recognized for its attention to quality in every material and process involved in production. This meticulous approach reinforces the company's reputation for reliability and trustworthiness within the luxury apparel market. Investors and industry analysts appreciate the transparent integration of design, sustainability, and global outreach in the Tapestry business model, which is presented with clarity and precision in its evergreen narrative.

Conclusion

In summary, Tapestry Inc represents a confluence of art, innovation, and sustainability within the high-stakes realm of fashion. Their illustrious brands not only capture the spirit of accessible luxury but also embody a forward-thinking strategy that harmonizes traditional craftsmanship with modern retail practices. This blend of creative expression and operational rigor makes Tapestry Inc a compelling study in how heritage and innovation can coexist to create enduring value in the global market.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.29%
Tags
none
-
Rhea-AI Summary

Tapestry (NYSE:TPR) emphasizes the importance of mentorship through its Dream It Real program, aiming to empower young people and support diverse talent. The initiative, led by Coach, has engaged over 150,000 youth globally and seeks to provide 5,000 scholarships by 2025. Each year, over 250 Coach employees mentor students, matching them based on shared interests. CEO Joanne C. Crevoiserat shares insights on leveraging strengths and collaboration for success in careers. This program not only fosters professional development but also addresses critical issues like climate change and social justice. Learn more about the initiative here.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.14%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.87%
Tags
conferences earnings
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.41%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.57%
Tags
dividends
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.23%
Tags
Rhea-AI Summary

Tapestry, Inc. (NYSE: TPR) will hold a conference call on November 10, 2022 at 8:00 a.m. (ET) to discuss its fiscal 2023 first quarter results, which will be released earlier that morning. Investors can join the call by dialing 1-866-847-4217 or accessing the audio webcast at www.tapestry.com/investors. A replay will be available for five business days following the call. Tapestry encompasses brands like Coach and kate spade, focusing on sustainability and community empowerment.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.16%
Tags
conferences earnings
-
Rhea-AI Summary

Tapestry, Inc. (TPR) has announced a roadmap aimed at achieving a revenue of $8 billion by FY 2025, with a compound annual growth rate (CAGR) of 6% to 7%. The company projects earnings per diluted share exceeding $5, with a low-to-mid teens CAGR. Tapestry plans to return $3 billion to shareholders through dividends and share repurchases, supported by a strong cash flow. The strategy focuses on building customer relationships, fueling innovation, providing omni-channel experiences, and expanding globally, particularly in North America and China.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.72%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.24%
Tags
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.12%
Tags
none

FAQ

What is the current stock price of Tapestry (TPR)?

The current stock price of Tapestry (TPR) is $72.89 as of April 1, 2025.

What is the market cap of Tapestry (TPR)?

The market cap of Tapestry (TPR) is approximately 15.1B.

What is Tapestry Inc's core business?

Tapestry Inc operates as a global house of brands focused on delivering accessible luxury through its portfolio, which includes Coach, Kate Spade, and Stuart Weitzman. Its core business revolves around fashion retail and accessories.

Which brands are part of Tapestry Inc?

The company encompasses iconic brands such as Coach, known for luxury leather goods; Kate Spade New York, celebrated for vibrant and playful design; and Stuart Weitzman, specializing in women's luxury footwear.

How does Tapestry Inc generate revenue?

Revenue is generated via multiple channels including company-operated stores, wholesale distribution, and e-commerce platforms. This diversified approach allows the company to reach a global market.

What is unique about Tapestry Inc's operational model?

Tapestry Inc combines a multi-channel distribution network with an emphasis on sustainable growth and quality craftsmanship. This integration of retail and digital channels enhances its resilience and market presence.

How does Tapestry Inc incorporate sustainability into its operations?

Sustainability is integral to Tapestry Inc’s strategy, evident in programs like product restoration and waste reduction initiatives that embody a circular economy. These efforts extend product lifecycles and minimize waste.

What distinguishes Tapestry Inc within the competitive fashion industry?

Tapestry stands out by merging heritage with modern innovation. Its emphasis on creative design, high standards of craftsmanship, and versatile market channels ensures a distinct position in accessible luxury and fashion retail.

How does Tapestry Inc support its brand diversity?

The company nurtures diverse brand identities by fostering creativity and collaboration across its portfolio. This approach enables each brand to maintain its unique voice while contributing to a unified corporate vision.
Tapestry Inc

NYSE:TPR

TPR Rankings

TPR Stock Data

15.11B
206.28M
0.38%
108.75%
10.07%
Luxury Goods
Leather & Leather Products
Link
United States
NEW YORK