STOCK TITAN
  1. Home
  2. News
  3. TPR

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.

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

News

COACH INTRODUCES "FIND YOUR COURAGE"

Rhea-AI Summary
Coach launches 'Find Your Courage' campaign with virtual human imma and Coach Family, including Lil Nas X and Camila Mendes, to showcase the Spring collection in a virtual universe.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.73%
Tags
none
-
News

L.O.V.E at Tapestry

Rhea-AI Summary
Tapestry, Inc. collaborates with Latinas on the Verge of Excellence to discuss the power of mentorship. The partnership aims to empower young women through mentorship programs focused on personal and professional development. This initiative aligns with Tapestry's commitment to equity, inclusion, and diversity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.65%
Tags
none
-
News

COACH INTRODUCES FALL 2024 COLLECTION

Rhea-AI Summary
Coach unveils its Fall 2024 collection at The James B. Duke House, showcasing a blend of heritage and modernity through Creative Director Stuart Vevers' vision. The collection features authentic New York legacy with a touch of self-expression, combining American classicism with a youthful counter-culture attitude.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.73%
Tags
none
News

Tapestry, Inc. Delivers Record Q2 Revenue and EPS; Raises Fiscal 2024 EPS Outlook

Rhea-AI Summary
Tapestry, Inc. reported strong financial and strategic highlights for the fiscal second quarter ended December 30, 2023. The company delivered revenue of $2.1 billion, representing 3% growth compared to the prior year, and achieved a gross margin increase of 300 basis points versus last year. Operating profit grew by 7% on a reported basis and 14% on a non-GAAP basis. Diluted EPS was $1.39 on a reported basis, up 3% versus last year, and $1.63 on a non-GAAP basis, up 20% versus last year. The company also generated robust operating and free cash flow of over $800 million, above the prior year. Joanne Crevoiserat, the Chief Executive Officer, expressed confidence in the company's vision and its ability to deliver sustainable growth and shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.54%
Tags
earnings
-
News

Tapestry Named to Fortune's World's Most Admired Companies

Rhea-AI Summary
Tapestry, Inc. has been named one of Fortune's 2024 World's Most Admired Companies for the first time, recognizing their corporate reputation and dedication to innovation, investment value, and global competitiveness. With 21,000 employees, the company emphasizes continuous product innovation, exceptional omnichannel experiences, and an unmatched understanding of the consumer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.59%
Tags
none
-
News

The Coach Foundation Celebrates Five Years of Dream It Real

Rhea-AI Summary
Tapestry, Inc.'s Coach Foundation released its first social impact report, 'The Courage to Dream It Real', celebrating five years of creating opportunities and removing barriers for the next generation. The report shares the achievements of the Dream It Real community, including funding 5,000 scholarships early and a new commitment to fund 10,000 scholarships by 2030. It also highlights real-life stories of scholars and the impact of programs like college scholarships and mentoring. The Coach Foundation has donated over $75 million to cause-driven organizations and established partnerships with non-profits around the world.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.56%
Tags
none
News

Tapestry, Inc. to Host FY24 Second Quarter Earnings Call

Rhea-AI Summary
Tapestry, Inc. (NYSE: TPR) will be holding a conference call to discuss the Company’s fiscal 2024 second quarter results on February 8, 2024. The call will be available via phone and webcast, with a telephone replay option for five business days. Investors can access the call by dialing 1-866-847-4217 or 1-203-518-9845 and providing the Conference ID 4693119, or by visiting www.tapestry.com/investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.17%
Tags
conferences earnings
-
News

Pivot Energy Partners with Tapestry, Inc. Enabling New Clean Energy and Increased Community Investment

Rhea-AI Summary
Tapestry, Inc. (NYSE: TPR) partners with Pivot Energy to develop 33 Megawatts of solar energy in Illinois, committing to purchasing 15 years of Impact Renewable Energy Credits (RECs) and investing in local community organizations. The projects aim to reduce electricity bills, create workforce development opportunities, and deliver clean energy to over 6,000 Illinois households annually.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.77%
Tags
partnership
-
News

Giving Time, Talent, and Resources at Tapestry This Giving Tuesday

Rhea-AI Summary
Tapestry, Inc. (TPR) embodies radical generosity on Giving Tuesday, showcasing the commitment of its brands, including Coach Foundation and kate spade new york, to support mental health and empowerment initiatives for young people and women globally. The Coach Foundation has provided 5,000 scholarships to students, partnered with 8 nonprofits globally, and mentored over 250 students through its Dream It Real Mentor Program. kate spade new york has given over $26M to support mental health and empowerment efforts globally and has committed to supporting 100,000 women and girls with access to mental health resources by 2025. 5% of net sales on November 28, 2023, will be donated to the Tides Foundation to support the mental health and empowerment initiatives of women and girls globally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.32%
Tags
none
News

Tapestry, Inc. Announces Closing of Senior Unsecured Notes Offerings

Rhea-AI Summary
Tapestry, Inc. (TPR) successfully completed a $7.5 billion senior unsecured notes and delayed draw term loans financing, achieving an all-in debt interest rate of 6.5%. The company remains well-positioned to close the acquisition of Capri Holdings Limited, demonstrating confidence in achieving its leverage target and maintaining a solid investment grade rating.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.32%
Tags
none

FAQ

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

The current stock price of Tapestry (TPR) is $64.15 as of December 20, 2024.

What is the market cap of Tapestry (TPR)?

The market cap of Tapestry (TPR) is approximately 14.9B.

Stock TPR logo
Tapestry, Inc.

NYSE:TPR

TPR Rankings

#658 Ranked by Market Cap
#1343 Ranked by Dividends

TPR Stock Data

14.88B
232.25M
0.32%
92.42%
2.67%
Luxury Goods
Leather & Leather Products
Link
United States of America
NEW YORK