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 ...

Have you been paying attention to shares of Tapestry (TPR) ? Shares have been on the move with the stock up 5.3% over the past month. The stock hit a new 52-week high of $51.59 in the previous session. Tapestry has gained 37.2% since the start of the year compared to the 20.4% move for the Zacks Retail-Wholesale sector and the 8.1% return for the Zacks Retail - Apparel and Shoes industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, as it hasn't missed our ...

Tapestry (TPR) shares rallied 13.5% in the last trading session to close at $50.49. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 5.4% loss over the past four weeks. Tapestry's growth strategy hinges on strengthening its brand, enhancing customer engagement, and expanding its market presence. The company's strong international performance highlights its adaptability and resilience across diverse markets. Ad ...

A federal judge on Thursday blocked the pending merger of Tapestry and Capri on the grounds that the luxury handbag and accessories makers would undermine competition. The proposed $8.5 billion merger between Tapestry and Capri was first proposed in August 2023 but faced scrutiny from the Federal Trade Commission (FTC), which sued to block the deal earlier this year. The companies viewed the tie-up as a way to better compete with European rivals by uniting six brands – Tapestry's Coach, Kate Spade and Stuar ...

In this articleA federal judge blocked Tapestry's acquisition of Capri on Thursday following a brief trial last month in New York. In her order, Judge Jennifer Rochon granted the Federal Trade Commission's motion for a preliminary injuction to block the proposed merger, which would marry America's two largest luxury houses. Tapestry's stock surged 14% after the order was made public while Capri's plunged more than 52%.This is breaking news. Please refresh for updates. ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Tapestry (TPR) , which belongs to the Zacks Retail - Apparel and Shoes industry, could be a great candidate to consider.This maker of high-end shoes and handbags has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 12.72%.For the ...

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Have you evaluated the performance of Tapestry's (TPR) international operations for the quarter ending June 2024? Given the extensive global presence of this maker of high-end shoes and handbags, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth. In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and growth path. Investors ...

Tom Werner Investment summary My recommendation for Tapestry, Inc. (NYSE:TPR) is a hold rating. Given the uncertainties and visible overhangs around the stock, I expect the share price and valuation to be range-bound in the near term. While there have been some positive developments so far, there are still a lot of grounds for management to cover and show growth recovery before I am convinced that revenue is set to accelerate. Business Overview TPR is a designer and retailer of handbags, footwear, and acces ...

PARIS, FRANCE - JULY 15: Windows of the Ralph Lauren boutique in the 8th arrondissement of Paris, ... [+] decorated with Olympic US Team clothing, on July 15, 2024, in Paris France. (Photo by Artur Widak/NurPhoto via Getty Images) NurPhoto via Getty Images All eyes in the luxury market are fixed on the slowdown in China. With the notable exception of Hermès, most luxury brands are reporting declining sales there. However, cracks in the U.S. luxury market are beginning to show too. In their latest reporting, ...