2024-05-22 09:31:59 ET
Summary
- Tapestry's quarterly results showed a mixed performance, with EPS beating estimates but revenue falling short.
- The Coach brand performed well, while Kate Spade and Stuart Weitzman struggled.
- The company's capital allocation strategy and attractive valuation make it an appealing investment option.
Tapestry, Inc. ( TPR ) provides luxury accessories and branded lifestyle products in the United States and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman.
We have published our first article about TPR on Seeking Alpha in January 2023, with an initial "hold" rating , which we have upgraded to a "buy" in November 2023. Since our last writing, the stock price has increased by more than 50%, significantly outperforming the broader market. The aim of our article today is to take a look at the latest quarterly earnings results and assess whether this outperformance is likely to continue in the coming quarters or not....
Read the full article on Seeking Alpha
For further details see:
Tapestry: Despite The Stagnating Revenue, We Maintain Our Bullish View