Tapestry (TPR), parent company of Coach, reported
Q1 earnings with key metrics showing strong performance. The firm put a pause on its integration plans with Capri amid an appeal to lift the block. TPR boosted outlook due to stronger sales for its Coach brand. The CEO,
Joanne Crevoiserat, plans on waiting for new deals, following an earnings-per-share (EPS) increase of 7 cents raising guidance for their performance.
Fiscal Q1 reports show a raise in the full-year outlook and the stock jumped on Q3 earnings beat and raised guidance. An analysis into Tapestry's strategic SWOT insight revealed their top growth positioning in the long-term. Despite a shedding of 6.9% this week, TPR achieved a new 52-week high post dividend announcement. However, the
Tapestry deal with Capri has been blocked which queries the firm's proceeding situation. Tapestry's compensation for the CEO and their stock performance suggests shareholders may not have issues, despite a 6.9% shed in the yearly returns aligning more closely with earnings growth. TPR received an outperform rating from the Telsey Advisory Group. Furthermore, TPR's stock is expected to rise according to Robert W. Baird analyst and received affirmation on the 'buy' rating by Citi.
Tapestry TPR News Analytics from Thu, 01 Aug 2024 07:00:00 GMT to Sat, 09 Nov 2024 13:37:00 GMT -
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