Did you analyze how Tapestry (TPR) fared in its international operations for the quarter ending September 2024? Given the widespread global presence of this maker of high-end shoes and handbags, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health and growth journey. ...

Tapestry, Inc. (TPR) reported first-quarter fiscal 2025 results, which exceeded the Zacks Consensus Estimate for revenues and earnings despite a challenging global economic and consumer environment. The top line declined while the bottom line increased year over year. Driven by the first quarter results, Tapestry raised its fiscal 2025 outlook.Tapestry's first-quarter results reflected the company's brand strength and operational excellence that support its strategic growth initiatives. This performance hig ...

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Financial Data and Key Metrics Changes - The company reported its Q1 2025 results, with specific financial metrics to be discussed in detail during the call [2][3] - Forward-looking statements were highlighted, indicating that actual results may differ from projections [4] Business Line Data and Key Metrics Changes - Specific performance metrics for each business line were not detailed in the provided content [2][3] Market Data and Key Metrics Changes - No specific market data or key metrics changes were mentioned in the provided content [2][3] Company Strategy and Development Direction and Industry Competition - The company’s strategies and outlook for the first quarter were to be discussed by the CEO and CFO during the call [3] Management Comments on Operating Environment and Future Outlook - Management emphasized the importance of understanding risks and factors that could impact future results, as outlined in their annual report and SEC filings [4] Other Important Information - Non-GAAP financial measures were mentioned, indicating that reconciliations would be provided in the presentation slides [5] Q&A Session Summary - No specific questions or answers from the Q&A session were included in the provided content [2][3]

For the quarter ended September 2024, Tapestry (TPR) reported revenue of $1.51 billion, down 0.4% over the same period last year. EPS came in at $1.02, compared to $0.93 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.47 billion, representing a surprise of +2.31%. The company delivered an EPS surprise of +7.37%, with the consensus EPS estimate being $0.95.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how th ...

Tapestry (TPR) came out with quarterly earnings of $1.02 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.93 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.37%. A quarter ago, it was expected that this maker of high-end shoes and handbags would post earnings of $0.88 per share when it actually produced earnings of $0.92, delivering a surprise of 4.55%.Over the last four qua ...

Revenue Performance - Revenue totaled $1.51 billion, approximately in-line with prior year on both reported and constant currency basis, with FX representing a 40-basis point headwind[7] - Net sales for the quarter ended September 28, 2024 were $1,507.5 million, a slight decrease of 0.4% compared to $1,513.2 million in the same period last year[22] - Coach brand revenue grew 2% at constant currency to $1.17 billion, while Kate Spade revenue declined 6% and Stuart Weitzman grew 2%[9] - Coach brand sales grew 1% year-over-year to $1,170.6 million, with constant currency growth of 2%[23] - Kate Spade sales declined 7% to $283.2 million, with constant currency decline of 6%[23] - Stuart Weitzman sales increased 2% to $53.7 million, with constant currency growth of 2%[23] Gross Margin and Profitability - Gross margin expanded by 280 basis points to 75.3%, driven by operational improvements, lower freight expense, and FX tailwinds[6][7] - Gross profit increased to $1,134.9 million in Q1 2024, up 3.4% from $1,097.7 million in Q1 2023[22] - North America revenue declined 1%, but operating margin and profit dollars increased due to gross margin expansion[4] - Operating income was $252.0 million, down slightly from $253.2 million in the prior year period[22] - Net income decreased 4.3% to $186.6 million compared to $195.0 million in Q1 2023[22] - Diluted EPS was $0.79, down from $0.84 in the same quarter last year[22] Cash Flow and Financial Position - Cash flow from operating activities was $120 million, and free cash flow was $94 million, supporting long-term growth and shareholder returns[4][10] - Free cash flow for the period is calculated as $119.5 million (Net cash flows from operating activities) less $25.6 million (Purchases of property and equipment), resulting in $93.9 million[30][32][33] - Net cash provided by operating activities was $119.5 million for the period ending September 28, 2024, compared to $75.3 million for the same period in 2023[32] - Net cash provided by investing activities was $190.1 million, driven by $1,694.9 million in proceeds from maturities and sales of investments, offset by $1,479.2 million in purchases of investments[33] - Cash and cash equivalents increased by $320.9 million to $6,462.9 million as of September 28, 2024, compared to $6,142.0 million at the beginning of the period[34] - Total assets increased to $13,728.9 million as of September 28, 2024, compared to $13,396.3 million as of June 29, 2024[31] International Performance - International revenue grew 2% at constant currency, with Europe up 27% and APAC down 2%[4] - Coach's international store count decreased by 12 stores to 594 as of September 28, 2024, due to 16 closures and 4 openings[35] - Kate Spade's international store count decreased by 3 stores to 178 as of September 28, 2024, with 6 closures and 3 openings[35] - Stuart Weitzman's international store count remained flat at 60 stores as of September 28, 2024, with 2 openings and 2 closures[35] Direct-to-Consumer and Customer Acquisition - Direct-to-consumer sales were in-line with prior year, with digital revenue up high-single digits and brick-and-mortar sales down low-single digits[5] - The company acquired approximately 1.4 million new customers in North America, with over half being Gen Z and Millennials[3] Inventory and Expenses - Inventory increased to $1.03 billion, reflecting higher in-transit levels, consistent with expectations[10] - Corporate SG&A expenses increased to $154.2 million, up from $136.1 million in Q1 2023[24] - The company reported $33.4 million in acquisition costs affecting comparability in Q1 2024[24] Outlook and Guidance - The company raised its full-year revenue outlook to over $6.75 billion, representing 1% to 2% growth, and expects EPS of $4.50 to $4.55[13][14]

Wall Street expects a year-over-year increase in earnings on lower revenues when Tapestry (TPR) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on November 7, 2024, might help the stock move higher if these key numbers are better than expe ...

Company Performance - Tapestry's shares have increased by 5.3% over the past month, reaching a new 52-week high of $51.59, and have gained 37.2% since the start of the year, outperforming the Zacks Retail-Wholesale sector (20.4%) and the Zacks Retail - Apparel and Shoes industry (8.1%) [1] - The company has consistently exceeded earnings expectations, reporting an EPS of $0.92 against a consensus estimate of $0.88 in its last earnings report on August 15, 2024 [2] Earnings Forecast - For the current fiscal year, Tapestry is projected to achieve earnings of $4.47 per share on revenues of $6.71 billion, reflecting a 4.2% increase in EPS and a 0.53% increase in revenues [3] - In the next fiscal year, earnings are expected to rise to $4.64 per share on revenues of $6.9 billion, indicating a year-over-year change of 3.8% in EPS and 2.95% in revenues [3] Valuation Metrics - Tapestry has a Value Score of A, with Growth and Momentum Scores of C and F, respectively, resulting in a combined VGM Score of A [6] - The stock trades at 11.3X current fiscal year EPS estimates, below the peer industry average of 15.8X, and at 9.4X trailing cash flow compared to the peer group's average of 7.6X [7] - The PEG ratio stands at 1.88, indicating that the company is not among the top echelon from a value perspective [7] Zacks Rank - Tapestry holds a Zacks Rank of 2 (Buy) due to rising earnings estimates, meeting the criteria for investors looking for stocks with strong potential [8] Industry Comparison - The Retail - Apparel and Shoes industry is performing well, ranking in the top 24% of all industries, suggesting favorable conditions for Tapestry and its peers [11]

Company Overview - Tapestry shares increased by 13.5% to close at $50.49, following a trading session with notable volume, contrasting with a 5.4% loss over the past four weeks [1] - The company is focused on strengthening its brand, enhancing customer engagement, and expanding market presence, demonstrating adaptability and resilience in international markets [2] Financial Performance - Tapestry is expected to report quarterly earnings of $0.95 per share, reflecting a year-over-year increase of 2.2%, while revenues are projected to be $1.47 billion, a decrease of 2.6% from the previous year [3] - The consensus EPS estimate for Tapestry has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] Industry Context - Tapestry operates within the Zacks Retail - Apparel and Shoes industry, where it holds a Zacks Rank of 2 (Buy) [4] - Allbirds, Inc., a competitor in the same industry, has a Zacks Rank of 3 (Hold) and has seen a 0.4% increase in its stock price, but has returned -10.6% over the past month [4][5]