Tapestry Stock News

Tapestry's (TPR) second-quarter results reflect strength in North America as well as sustained growth in Digital and China. Management lifts revenues and earnings per share view for fiscal 2022.

(Reuters) Coach parent Tapestry Inc raised its full-year revenue and profit forecast on Thursday as consumers splurge on luxury handbags and apparel in the United States and Europe.

Tapestry Inc. shares rose 2.3% in premarket trade Thursday, after the company blew past earnings estimates for its fiscal second quarter and raised its full-year guidance. The parent of Coach, Kate Spade and Stuart Weitzman brands posted net income of $317.9 million, or $1.15 a share, for the quarter to Jan. 1, up from $311.0 million, or $1.11 a share, in the year-earlier period. Adjusted per-share earnings came to $1.33, well ahead of the $1.18 FactSet consensus. Sales climbed to $2.14 billion from $1.69 billion, also ahead of the $1.99 billion FactSet consensus. The company is now expecting fiscal 2022 revenue of about $6.75 billion, up from prior guidance of $6.6 billion. It expects EPS of $3.60 to $3.65, up from prior guidance of $3.45 to $3.50. Shares have gained 4% in the last 12 months, while the S&P 500 has gained 17%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Tapestry Inc. shares undefined rose 2.3% in premarket trade Thursday, after the company blew past earnings estimates for its fiscal second quarter and raised

https://www.investing.com/news/stock-market-news/tapestry-lifts-annual-revenue-forecast-on-rising-demand-for-luxury-handbags-apparel-2761229

(Reuters) – Coach parent Tapestry Inc raised its full-year revenue forecast on Thursday, as consumers splurge on luxury handbags and apparel in the United States and Europe. The company forecast fiscal 2022 revenue of about $6.75 billion, compared with its prior estimate of nearly $6.6 billion. (Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by … Read More

Tapestry press release (TPR): Q2 Non-GAAP EPS of $1.33 beats by $0.14.Revenue of $2.14B (+26.6% Y/Y) beats by $140M.Drove Revenue Growth of 27% Compared to Prior Year; Revenue…

Tapestry (TPR) delivered earnings and revenue surprises of 11.76% and 7.56%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Coach parent Tapestry Inc raised its full-year revenue forecast on Thursday, as consumers splurge on luxury handbags and apparel in the United States and Europe.

Earnings season continues to roll on, and some investor favorites will report this week. Will they beat?

Tapestry, a luxury goods retailer of handbags, shoes, and accessories under the Coach, Kate Spade, and Stuart Weitzman brands, is scheduled to report its fiscal second-quarter results on Thursday, Feb

The mean of analysts' price targets for Tapestry (TPR) points to a 30.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts

Tapestry's (TPR) second-quarter fiscal 2022 results might show gains from its Acceleration Program, immense brand strength and robust omni-channel capabilities.

Tapestry with ticker code (TPR) have now 23 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 67 and 43 with a mean TP of 54.88. With the stocks previous close at 38.33 this would indicate that there is a potential upside of 43.2%. The 50 day MA is 40.08 and the 200 day MA is 41.68. The company has a market capitalisation of $10,585m. You can visit the company''s website by visiting: https://www.tapestry.com [stock_market_widget type="chart" symbol="TPR" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] The potential market cap would be $15,155m based on the market concensus. Tapestry provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates through three segments: Coach, Kate Spade, and Stuart Weitzman. The company offers women''s accessories, including handbags, such as wallets, money pieces, wristlets, and cosmetic cases; novelty accessories comprising address books, time management and travel accessories, sketchbooks, and portfolios; and key rings and charms.

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