2024-05-20 07:54:57 ET
Summary
- Tapestry sells women's handbags and accessories under the Coach, Kate Spade, and Stuart Weitzman brands.
- The company has stabilized its financials in recent years, with strong margins and stable revenues shown in the past couple of years despite a weak Stuart Weitzman performance.
- Tapestry's planned expensive acquisition of Capri has come under FTC scrutiny, and the transaction is looking to fail.
- The current valuation shows a balanced risk-to-reward as it seems to expect a continued stable financial performance.
Tapestry ( TPR ) sells women’s handbags, accessories, and other products under the brands Coach, Kate Spade, and Stuart Weitzman. The Coach brand brings in the majority of the company's revenues. Geographically, the company’s revenues mainly come from North America with 65% of revenues in FY2023, with the rest of revenues mainly coming from Asia....
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Tapestry: A Balanced Risk-To-Reward As Capri Acquisition Is Under FTC Scrutiny