Tapestry Inc is a global luxury fashion holding company that encompasses a diverse portfolio of renowned brands, including Coach, Kate Spade, and Stuart Weitzman
The company focuses on designing, marketing, and selling high-quality accessories, apparel, and footwear, appealing to a wide range of consumers. Tapestry emphasizes a commitment to craftsmanship, creativity, and innovation in its products, which are sold through various retail channels, including e-commerce and brick-and-mortar stores. By integrating digital and physical shopping experiences, Tapestry strives to foster brand loyalty and deliver exceptional customer experiences in the competitive luxury marketplace.
Imagine no longer having to pay income taxes. Trump wants to replace the IRS with the External Revenue Service to collect tariffs to fund the Federal Government
Tapestry has been on fire lately. In the past six months alone, the company’s stock price has rocketed 56.7%, reaching $65.80 per share. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.
Capri Holdings Ltd (NYSECPRI) shares are trading higher Monday following a report suggesting the company is exploring a sale of two of its upscale accessories and apparel brands.
Explore TJX Companies and Ross Stores to see which off-price retail stock offers greater upside in 2025. Analyze their performance and growth potential.
Consumer Discretionary sector outperforms S&P 500 index, driven by notable gains from Tesla, Garmin, and Tapestry. Other standouts include Booking Holdings and Domino's Pizza.
Tapestry announced Accelerated Share Repurchase agreements with Bank of America N.A. and Morgan Stanley & Co. LLC to repurchase $2.0 billion shares of common stock.
Shares of luxury fashion conglomerate Tapestry (NYSETPR)
jumped 13.2% in the afternoon session after the company announced it agreed to terminate its proposed merger with Capri. In addition, the company's board approved an additional $2 billion share repurchase program.
Federal Reserve Chair Jerome Powell's unexpectedly hawkish remarks on Thursday sent markets into a tailspin. Major U.S. equity indices closed in the red, and the dollar soared for a fifth consecutive session.
Tapestry, and Capri Holdings Limited have mutually agreed to terminate their merger agreement due to legal uncertainty. Tapestry will redeem $6.1 billion in notes and maintain dividends while pursuing share repurchase program.
Luxury fashion conglomerate Tapestry (NYSETPR) reported Q3 CY2024 results topping the market’s revenue expectations, but sales were flat year on year at $1.51 billion. The company expects the full year’s revenue to be around $6.75 billion, close to analysts’ estimates. Its GAAP profit of $0.79 per share was 9.7% below analysts’ consensus estimates.
Tapestry posted adjusted earnings per share of $1.02, beating the consensus estimate of 95 cents, according to Benzinga Pro. The Coach and Kate Spade parent company reported revenue of $1.51 billion, beating estimates of $1.47 billion.
