Tapestry Inc., a luxury clothing brand known for holding up
Coach, Kate Spade, and Stuart Weitzman, has been making significant moves lately. With a reported
decline in short interest, growing discussions revolve around the potential to increase prices. Some suggest Tapestry could be a top luxury clothing stock to invest. However, their proposed merger with Capri has been under scrutiny and is being tested by anti-trust authorities. There have been noteworthy changes in Tapestry’s international revenue trends, and talks of a potential sale of the Stuart Weitzman brand.
Q4 results have topped estimates and gross margin has expanded, pushing the stock up by 6% YTD. Tapestry's
executives offer optimistic remarks despite the FTC trial seeking to block its sale to Capri Holdings. The rising
engagement from Gen Z and Millenials is driving strength in their Q4 earnings while their
2024 earnings missed expectations. As for its
acquisition of Capri Holdings, the FTC has become its final hurdle, with a lawsuit potentially blocking the purchase.
Tapestry TPR News Analytics from Mon, 02 Oct 2023 07:00:00 GMT to Sun, 15 Sep 2024 13:07:28 GMT -
Rating 3
- Innovation 2
- Information 6
- Rumor -6
