41.27 0.00 (0.00%)
After hours: 5:09PM EST
|Bid||40.01 x 1800|
|Ask||42.17 x 1400|
|Day's Range||41.19 - 42.37|
|52 Week Range||39.28 - 55.50|
|Beta (3Y Monthly)||0.28|
|PE Ratio (TTM)||29.91|
|Earnings Date||Feb 5, 2019|
|Forward Dividend & Yield||1.35 (3.21%)|
|1y Target Est||54.25|
Michael Kors earnings were better-than-expected for the second quarter, but sales came in a little light. Shares plunged.
Where we were: Tapestry is down nearly 5% year to date, underperforming many of its retail peers. Tapestry is trading down, following news that CFO Kevin Willis is planning to leave the company. Tapestry said that Willis will step down on Feb. 8, 2019.
Coach and Kate Spade parent Tapestry Inc. said Chief Financial Officer Kevin Willis will leave the company effective Feb. 8, 2019, after about two years in the role. Willis said he was leaving to pursue another opportunity. The luxury lifestyle brand company said it is searching for his successor. The stock, which was still inactive in premarket trade, has shed 5.9% over the past three months, while the S&P 500 has lost 3.9%.
Tapestry, Inc. (TPR), a leading New York-based house of modern luxury accessories and lifestyle brands, today announced that the Company’s Chief Financial Officer, Kevin Wills, has advised he will be departing the Company to pursue another opportunity. In order to facilitate a smooth transition, Mr. Wills is expected to stay through February 8, 2019. The company is commencing a search for his successor with Spencer Stuart.
The Mexican Elbow is a metal juicer with an elbow joint. Not surprisingly, it comes from Mexico. I first spotted a bartender using one about five years ago, and a week later I was wielding my own in Racine, ...
Tapestry began divesting its sourcing from China in 2011, which will soften the impact of tariffs, CEO Victor Luis says. "Between 3 and 4 percent of our handbags come from China, so we don't see a great impact from any duties," he says. Tapestry TPR is keeping China on its radar this upcoming holiday season, as it looks to grow the Asian market and handle the potential impact of President Donald Trump 's tariffs, CEO Victor Luis said on CNBC Tuesday.
While the stock market has tanked in October, consumer goods companies continue to put up decent financial results ahead of this year's holiday season.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return Read More...
Inc. swung to a profit on stronger sales in its latest quarter, as its acquisition of the Kate Spade brand began to pay off. Net sales grew 7% to $1.38 billion in the three months to Sept. 29, compared with $1.29 billion a year ago. Profits were helped by fewer promotions at brands including Kate Spade, which lifted gross margins to 67.7% from 59.2% the prior year.
Tapestry (TPR) delivered earnings and revenue surprises of 9.09% and 2.27%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
flagship Coach brand and at Kate Spade helped lift sales at the US luxury group, offsetting a sluggish performance in its smaller Stuart Weitzman label. Net sales climbed 7 per cent in the group’s first fiscal quarter to $1.38bn, better than the $1.36bn expected by sales analysts according to data compiled by Bloomberg. Profits also came in narrowly ahead of expectations, with adjusted earnings per share of 48 cents beating estimates for 45 cents.
Tapestry Inc. (TPR) on Tuesday reported fiscal first-quarter net income of $122.3 million, after reporting a loss in the same period a year earlier. The New York-based company said it had profit of 42 ...
Tapestry Inc topped Wall Street estimates for first-quarter sales on Tuesday, helped by stronger demand for Coach and Kate Spade handbags. Sales at Coach, which makes up over 70 percent of Tapestry's overall ...
Tapestry Inc. reported fiscal first-quarter net income of $122.3 million, or 42 cents per share, after a loss of $17.7 million, or 6 cents per share, last year. Adjusted EPS was 48 cents. Sales totaled $1.38 billion, up from $1.29 billion last year. The FactSet consensus was for EPS of 45 cents and sales of $1.35 billion. "Results were driven by continued growth at Coach, where global comparable store sales rose 4%," said Chief Executive Victor Luis in a statement. Stuart Weitzman "continued to be negatively impacted by development and delivery delays which pressured sales and margins." Global same-store sales increased 4%, exceeding the FactSet guidance for 3.6% growth. Tapestry maintained its fiscal 2019 sales guidance of $6.1 billion to $6.2 billion but raised its EPS guidance to $2.75 to $2.80 from $2.70 to $2.80 previously. Tapestry shares have tumbled 7.8% for the year to date while the S&P 500 index has fallen 1.2% for the period.
(Reuters) - Tapestry Inc (TPR.N) topped Wall Street estimates for third-quarter sales on Tuesday, helped by stronger demand for Coach and Kate Spade handbags. Sales at Coach, which makes up over 70 percent ...
Its popularity may be declining, but Michael Kors Holdings Ltd (NYSE: KORS ) is still far and away the preferred handbag among teens. Thirty percent of female respondents said that Michael Kors is their ...
Tapestry (TPR) looks way more disciplined in its approach to adapt to the changing retail landscape. However, concerns related to trade war and soft sales at Stuart Weitzman cannot be ignored.
On Tuesday, October 30, 2018 at 8:30 a.m. , Tapestry, Inc. will hold a conference call to discuss the Company’s first quarter results, which will be reported via press release earlier that morning.
Coach and Kate Spade they know. While the initial reaction by the markets to the name change was negative, that was short-lived, and shares rose 40% over the next 6 months to $54. While I'd been intrigued enough by TPR's valuation at the time of the name change to put it on my watch list, I simply had no more room in a portfolio that was already overloaded with down and out specialty retailers.