Tapestry, Inc. (TPR) had an eventful period with a series of financial decisions. The company successfully closed a
$1.5 billion unsecured notes offering and secured a significant debt offering to refinance loans and fund share buybacks. There has been an elevated interest in Tapestry's share with purchases by
National Bank of Canada FI and
Soltis Investment Advisors LLC. Tapestry, despite cancelling a merger with Capri Holdings Limited, has continued to impress Wall Street with its robust performance, with the stock trading up.
Tapestry's Q3 earnings were awaited with anticipation and following their release, they exceeded expectations, causing the stock to soar. Furthermore, Tapestry unveiled a $2B share buyback program and plans to return 100% cash flow.
FY25 Q1 earnings call was hosted, providing more insights into the company's performance. They further secure their financial base by buying back bonds issued to fund Capri purchase. International revenue performance was analyzed and received market praise. The appointment of Eva Erdmann as CEO & Brand president of
Kate Spade marked a significant leadership change as the company shifts its focus on growth and buybacks.
Tapestry TPR News Analytics from Fri, 10 May 2024 07:00:00 GMT to Fri, 13 Dec 2024 10:04:23 GMT -
Rating 8
- Innovation 6
- Information 6
- Rumor 2
