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TPR - Forget Tapestry's 5% Dividend -- LVMH Is Still the Better Luxury Stock
Tapestry Inc.
Tapestry(NYSE: TPR), the parent company of Coach, Kate Spade, and Stuart Weitzman, has disappointed investors as its stock plunged roughly 40% over the past 12 months. During the same period, shares of its upscale rival LVMH(OTC: LVMUY) -- which owns Louis Vuitton, Dior, and Sephora -- surged nearly 40%.
Tapestry struggled with sluggish sales growth (especially at Kate Spade), declining margins, and tariffs. Meanwhile, LVMH's revenue growth and margins stayed robust as demand for its broad portfolio of luxury goods rose.