Tapestry (TPR) Q3 2025 Earnings Call May 08, 2025 08:00 AM ET Speaker0 Good day and welcome to this Tapestry Conference Call. Today's call is being recorded. At this time, for opening remarks and introductions, I would like to turn the call over to the Global Head of Investor Relations, Christina Colon. Speaker1 Good morning. Thank you for joining us. With me today to discuss our third quarter results, as well as our strategies and outlook are Joanne Kervoisarot, Tapestry's Chief Executive Officer and Scott ...

奢侈品公司Tapestry第三财季净销售额15.8亿美元，预估15.3亿美元。 第三财季经调整后每股收益1.03美元，预估0.88美元。 Tapestry预计全财年经调整后每股收益5美元，此前预计4.85-4.9美元，市场预估4.92美元。 Tapestry美股盘前一度涨近14%。 Tapestry预计全财年营收69.5亿美元，此前预计68.5亿美元，市场预估68.8亿美元。 ...

Financial Performance & Outlook - Tapestry's Q3 revenue reached $1.58 billion, with an 8% increase compared to the previous year on a constant currency basis[58] - Coach brand experienced a 15% revenue growth on a constant currency basis[50, 58] - The company raised its FY25 revenue outlook to approximately $6.95 billion, a 4% increase versus the prior year on a reported basis[69] - Diluted adjusted EPS is projected to be around $5.00, representing a high-teens percentage growth compared to last year[69] - Adjusted free cash flow is expected to be approximately $1.3 billion[69] Brand Performance - Coach's operating income margin was 32.4% [58] - Kate Spade's revenue declined by 12%[58, 62] - Stuart Weitzman's net sales were $46 million, a decrease of 17%[58] - Tapestry has entered into an agreement to sell Stuart Weitzman to Caleres[66] Strategic Initiatives & Global Presence - North America accounted for 65% of revenue, while International accounted for 35%[71] - The company acquired over 12 million new customers in North America[50] - Digital channels accounted for 29% of sales[33] - The company expects to return over $2 billion to shareholders in FY25[78]

Company Overview - Marimekko Corporation is a Finnish lifestyle design company known for its original prints and colors [2] - The company's product portfolio includes high-quality clothing, bags, accessories, and home décor items such as textiles and tableware [2] - Founded in 1951, Marimekko has established a strong and unique identity through its printed fabrics [2] Financial Performance - In 2024, Marimekko's net sales reached EUR 183 million [2] - The comparable operating profit margin for the same year was 17.5 percent [2] Market Presence - Marimekko operates approximately 170 stores globally and serves customers in 39 countries through its online store [2] - Key markets for the company include Northern Europe, the Asia-Pacific region, and North America [2] Upcoming Events - Marimekko's Interim Report for the period of January 1 to March 31, 2025, will be published on May 14, 2025 [1] - A media and investor conference will be held on the same day, with a live webcast available [2]

May 6, 2025 Forward Looking Statements This presentation contains "forward-looking statements" within the meaning of the securities laws. All statements that reflect our expectations, assumptions or projections about the future, other than statements of historical fact, are forward-looking statements, including, without limitation, statements relating to future operations and financial performance and statements regarding our strategy for growth, future product development, regulatory approvals, competitive ...

In its upcoming report, Tapestry (TPR) is predicted by Wall Street analysts to post quarterly earnings of $0.89 per share, reflecting an increase of 9.9% compared to the same period last year. Revenues are forecasted to be $1.53 billion, representing a year-over-year increase of 3.1%.The consensus EPS estimate for the quarter has been revised 0.6% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during ...

Core Insights - The 137th Canton Fair has highlighted the transformation of China's textile and apparel industry, showcasing innovative designs and technology integration, particularly in trendy fashion items [1][2][4] Group 1: Industry Trends - The fair has seen a significant focus on trendy apparel, with products like striped T-shirts and street-style flared jeans gaining attention [1] - Companies are leveraging technological advancements in fabric and design, leading to new orders and increased competitiveness in the global market [2][3] - The introduction of eco-friendly materials and innovative dyeing techniques, such as the use of natural plant dyes, has garnered positive feedback from international buyers [4][5] Group 2: Company Highlights - Jiangsu Shuntian Co., Ltd. showcased a new outdoor technology series, including a high-performance jacket with a durability index of 30,000 turns and waterproof rating exceeding 20,000mm [2] - Guangdong Province Textile Import and Export Co., Ltd. reported an intention order of 750,000 yuan for their biodegradable denim, emphasizing the blend of fashion and environmental sustainability [3] - The Guangdong Zhuangzini Fashion Co., Ltd. received a substantial order from a Mongolian buyer, highlighting the appeal of traditional cultural garments like the Ma Mian skirt and Xiangyun silk [5] Group 3: Market Dynamics - The fair attracted over 183,000 international buyers, with 51% coming from Belt and Road Initiative countries, indicating a broadening of international cooperation [8] - The integration of AI in design processes is expected to revolutionize the apparel industry, enhancing efficiency and creativity in product development [6][7] - The trend towards high-quality, culturally rich products is evident, with companies successfully marketing unique designs that resonate with global consumers [5][6]

Core Insights - Columbia Sportswear reported revenue of $778.45 million for the quarter ended March 2025, reflecting a year-over-year increase of 1.1% and a surprise of +2.49% over the Zacks Consensus Estimate of $759.57 million [1] - The company's EPS for the same period was $0.75, compared to $0.71 a year ago, resulting in an EPS surprise of +10.29% against the consensus estimate of $0.68 [1] Financial Performance - The stock has returned -19.6% over the past month, contrasting with the Zacks S&P 500 composite's -0.7% change, indicating underperformance relative to the broader market [3] - Columbia Sportswear holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the market in the near term [3] Geographic Sales Breakdown - United States: Net sales of $471.18 million, exceeding the two-analyst average estimate of $465.92 million, but showing a year-over-year decline of -0.7% [4] - Canada: Net sales of $47.58 million, below the average estimate of $49.51 million, with a year-over-year change of -9.2% [4] - EMEA: Net sales of $107.48 million, surpassing the estimated $103.98 million, representing a +2.9% year-over-year increase [4] - LAAP: Net sales of $152.21 million, exceeding the average estimate of $141.39 million, with a year-over-year change of +9.7% [4]

Overall Performance - Prada Group's retail sales experienced a solid start to the year with a +13% increase [11] - Total revenue reached €1341 million, a +13% increase compared to Q1-24 [20] - Retail channel contributed €1216 million, showing a +13% growth [20] - Wholesale revenue amounted to €96 million, a +7% increase [20] - Royalties generated €29 million, a +15% increase [20] Brand Performance - Miu Miu demonstrated remarkable growth at +60% [12] - Miu Miu retail sales reached €377 million [23] - Prada retail sales remained stable at €827 million [23] - Church's retail sales increased by +2% to €7 million [23] Regional Performance - Asia Pacific retail sales grew by +10% to €438 million [27] - Europe retail sales increased by +14% to €334 million [27] - Americas retail sales grew by +10% to €201 million [27] - Japan retail sales increased by +18% to €172 million [27] - Middle East retail sales grew by +26% to €70 million [27]

Core Points - The General Shareholders' Meeting of Kering on April 24, 2025, renewed the authorization for a share buyback program and capital reduction through share cancellation [2][3] - Kering currently holds 825,620 shares, representing 0.67% of its share capital [4] - The share buyback program aims to ensure liquidity, meet obligations related to employee share plans, and facilitate investments or financing [5] Share Buyback Program Details - Kering's share capital is €493,683,112, divided into 123,420,778 shares [6] - The maximum proportion of shares Kering can hold is set at 10%, equating to a maximum of 12,342,077 shares [7] - The maximum purchase price for shares is €700, with a total maximum allocation of €8,639,453,900 for the program [8] Authorization and Duration - The authorization for the share buyback program is valid for 18 months, expiring on October 24, 2026 [9] - Previous authorizations for share buybacks were not utilized, except for a liquidity agreement [10] Liquidity Agreement - Kering has a liquidity agreement in place since February 13, 2019, which has been renewed annually [11] - An amendment to this agreement reduced the liquidity account resources by €25 million as of July 1, 2021 [12] Company Overview - Kering is a global luxury group with brands including Gucci, Saint Laurent, and Bottega Veneta, employing 47,000 people and generating €17.2 billion in revenue in 2024 [15]