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) has announced a partnership with the World Wildlife Fund (WWF) through a $3 million grant from the Tapestry Foundation. This initiative aims to enhance the traceability of leather sourced from Brazil, targeting deforestation linked to cattle farming. The program will also support reforestation efforts in vulnerable areas. CEO Joanne Crevoiserat emphasized Tapestry's commitment to sustainability and collaboration with other industries for environmental solutions.
Tapestry, Inc. (NYSE: TPR), a premier New York-based luxury accessories and lifestyle brand house, announced that CEO Joanne Crevoiserat will present at the Bank of America Consumer & Retail Technology Conference on Tuesday, March 8 at 3:30 p.m. ET. The presentation will be available via live webcast and will be archived for five business days. Investors can access this on Tapestry’s Investor Relations website or through the webcast link.
Tapestry, Inc. (NYSE: TPR) has declared a $0.25 quarterly cash dividend per common share, payable on March 28, 2022, to shareholders of record as of March 4, 2022. The company, which owns luxury brands Coach, Kate Spade, and Stuart Weitzman, focuses on innovation and sustainability while offering distinctive products across various channels. This dividend announcement indicates a commitment to returning value to shareholders.
Tapestry, Inc. (TPR) reported a record holiday quarter, with revenue growth of 27% year-over-year, totaling $2.14 billion, and a non-GAAP EPS of $1.33, surpassing expectations. The company increased guidance for the fiscal year, projecting revenue of $6.75 billion and EPS between $3.60 and $3.65. Tapestry also plans to return over $1.5 billion to shareholders through share repurchases and dividends. The strong performance was driven by momentum at Coach and Kate Spade, and a return to pre-pandemic levels at Stuart Weitzman.
Tapestry, Inc. (NYSE: TPR) will hold a conference call on February 10, 2022, at 8:00 a.m. (ET) to discuss its fiscal 2022 second quarter results. The results will be published in a press release earlier that morning. Interested parties can join the call by dialing 1-866-847-4217 or 1-203-518-9845 using Conference ID 9674276. An audio webcast is also available at www.tapestry.com/investors. A telephone replay will be accessible for five business days after the call.
Tapestry, Inc. (NYSE: TPR) released its FY2021 Corporate Responsibility report, showcasing progress in sustainability initiatives and ESG commitments. Key highlights include a commitment to pay U.S. hourly employees a minimum of
Coach has launched its Spring 2022 campaign, featuring a diverse lineup called the Coach Family, including Jennifer Lopez and Megan Thee Stallion. Directed by Tyler Mitchell, the campaign, titled 'That's My Ride,' presents Coach's heritage in a modern, vibrant way. It introduces a new collection, showcasing the Horse and Carriage line, Field Tote, and Hitch Backpack, reflecting the creative vision of Stuart Vevers. The campaign also engages with popular culture, combining social media elements and collaborations with new ambassadors.
Tapestry (NYSE: TPR) has announced a partnership with the Savory Institute’s Land to Market Program to enhance the sustainability of its supply chain. The collaboration will focus on utilizing regenerative raw materials, which will positively impact the environment, promote biodiversity, and decrease CO2 emissions. CEO Todd Kahn emphasized the commitment to environmental improvement through strategic changes in their supply chain. Tapestry aims to achieve 100% renewable electricity across its operations by 2025 and is also pursuing science-based targets to limit global warming and reach net-zero emissions by 2050.
Tapestry, Inc. (NYSE: TPR), a prominent luxury accessory brand house, announced a $500,000,000 cash tender offer for its senior notes. The total consideration and reference yield for the tender offer have been established, with expectations to accept $296.6 million of the 4.250% Notes due 2025 and $203.4 million of the 4.125% Notes due 2027. The offer expires on December 13, 2021, contingent upon the issuance of new debt amounting to $500 million by December 1, 2021.
Tapestry, Inc. (NYSE: TPR) announced early tender results for its cash tender offer to purchase up to $500,000,000 of its 4.250% Notes due 2025 and 4.125% Notes due 2027. As of the Early Tender Deadline on November 29, 2021, a total of $296,608,000 of the 4.250% Notes and $264,805,000 of the 4.125% Notes were validly tendered. The settlement is set for December 1, 2021. The offering is conditioned on the successful issuance of new debt financing of at least $500,000,000 on satisfactory terms.
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