|Bid||42.23 x 1000|
|Ask||42.59 x 800|
|Day's Range||41.79 - 43.64|
|52 Week Range||12.97 - 49.67|
|Beta (5Y Monthly)||1.56|
|PE Ratio (TTM)||34.96|
|Earnings Date||Aug 11, 2021 - Aug 16, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 05, 2020|
|1y Target Est||53.81|
Many have been hesitant to apply for frontline jobs at retailers and restaurants due to fears of contracting coronavirus and as enhanced jobless benefits, including a government-funded $300 weekly supplement, pay more than most minimum wage positions. In addition, the lack of affordable child care is an ongoing issue facing many workers. Burrito chain Chipotle Mexican Grill Inc raised its average hourly wage to $15 in June, while Taco Bell and McDonald's Corp added benefits or are running hiring events to lure applicants.
Tapestry Inc. said Wednesday that it will raise wages for all U.S. employees to at least $15 per hour, effective September 5. In addition, current global store employees and managers who have worked for the company since March 31, 2021 and don't participate in the annual incentive plan will be eligible for a one-time bonus of $500 and $1,000, respectively. Early in the pandemic, Tapestry continued to pay wages during store closures. Tapestry labels include Coach, Kate Spade and Stuart Weitzman.
NEW YORK, July 28, 2021--Tapestry, Inc. (NYSE: TPR), a leading New York-based house of modern luxury accessories and lifestyle brands, today announced actions to drive its people-centered, purpose-led strategy. First, the Company has formed a new Tapestry Foundation to advance access and equity initiatives and to combat climate change. In addition, Tapestry is taking further action to accelerate and amplify its Our Social Fabric corporate responsibility agenda to effect positive change. Tapestry