Upgrades - BofA upgraded Rocket Companies (RKT) to Buy from Neutral with a price target of $24, up from $21, citing updated Federal Reserve rate cut forecast [2] - Morgan Stanley upgraded nCino (NCNO) to Overweight from Equal Weight with a price target of $36, up from $35, believing the cut in estimates provides an opportunity [2] - Susquehanna upgraded Saia (SAIA) to Positive from Neutral with a price target of $360, up from $340, expecting Q2 earnings to "snap-back" after a challenged fiscal Q1 report [3] - TD Cowen upgraded Nike (NKE) to Buy from Hold with a price target of $85, up from $62, citing improved margins, new management execution, and positive trends [3] - Citi upgraded Oracle (ORCL) to Buy from Neutral with a price target of $410, up from $240, after a "historic Q1 bookings quarter" with over $330 billion in bookings [4] - BofA also upgraded Oracle to Buy from Neutral with a price target of $368, up from $295, following exceptional RPO and backlog growth in Q1 [4] Downgrades - BofA double downgraded Synopsys (SNPS) to Underperform from Buy with a price target of $525, down from $625, due to uncertainty with top customer Intel and higher integration costs [5] - Morgan Stanley downgraded Trade Desk (TTD) to Equal Weight from Overweight with a price target of $50, down from $80, acknowledging a misjudgment on growth durability [5] - BofA downgraded BorgWarner (BWA) to Neutral from Buy with a price target of $46, up from $41, as shares approach historical valuation median range [5] - BofA downgraded Lear (LEA) to Neutral from Buy with a price target of $123, down from $135, citing challenges in the automotive industry affecting growth [5] - Evercore ISI downgraded HP Inc. (HPQ) to In Line from Outperform with an unchanged price target of $29, needing clearer paths to EPS and free cash flow estimates for further upside [5]

Tapestry's 2025 Investor Day Summary Company Overview - **Company**: Tapestry Inc. - **Brands**: Coach and Kate Spade - **Revenue**: $7 billion across 60 countries with nearly 1,300 directly operated stores worldwide [4][10] Core Points and Arguments Business Momentum and Growth Strategy - **CEO's Statement**: Tapestry is positioned for sustained growth, focusing on amplifying its growth agenda [2][10] - **Consumer-Centric Approach**: The company has shifted to a consumer-obsessed model, emphasizing emotional connections and brand building [6][7] - **Financial Performance**: Over the last three years, Tapestry has recruited over 20 million new customers in North America, achieving a 10% top-line growth and nearly 50% growth in earnings per share [9][10] Brand Positioning - **Coach's Ambition**: Coach aims to reach $10 billion in annual revenue with world-class margins, focusing on emotional connections with consumers [48][49] - **Kate Spade's Growth**: Efforts are underway to reignite growth at Kate Spade, leveraging its iconic status [3][12] Market Opportunities - **Target Demographics**: Focus on the 18-27 age group as a key market entry point, with 25 million women entering this demographic annually [24][26] - **Market Penetration**: Tapestry currently holds a 7% share in a $100 billion market for handbags, small leather goods, and footwear, with significant growth potential [22][41] International Expansion - **Geographic Focus**: Growth strategies will prioritize North America, Greater China, and Europe, with plans for 125 new store openings globally [40][41] - **China's Potential**: The company sees substantial opportunities in China, particularly in cities with large university populations like Wuhan [50][40] Additional Important Insights Consumer Engagement - **Data-Driven Decisions**: Tapestry emphasizes the importance of data and consumer insights in shaping its marketing and product strategies [8][30] - **Emotional Storytelling**: The company aims to create compelling narratives around its products to foster brand loyalty [56][58] Marketing Investments - **Increased Marketing Spend**: Marketing investment has risen from 4% to 11% of revenue over the past few years, totaling $1.8 billion [35][36] - **Brand University**: Tapestry is establishing a brand university to ensure all employees understand brand growth capabilities [36][41] Future Outlook - **Financial Projections**: Tapestry expects mid-single-digit revenue growth, operating margin expansion to over 22%, and low double-digit growth in earnings per share annually for fiscal years 2026-2028 [18][19] - **Shareholder Returns**: Plans to return $4 billion to shareholders over the next three years, reflecting confidence in the company's intrinsic value [18][19] Conclusion - **Long-Term Vision**: Tapestry is committed to building a consumer-centric, emotionally connected brand portfolio that drives sustainable growth and shareholder value [19][41]

Investor Day 2025 This presentation contains certain "forward-looking statements" based on management's current expectations. Forward-looking statements include, but are not limited to, the statements under "Financial Outlook," statements regarding long-term performance, statements regarding long-term brand growth ambitions beyond fiscal year 2028, statements regarding the Company's capital deployment plans, including anticipated annual dividend rates and share repurchase plans, and statements that can be i ...

Core Insights - Tapestry, Inc. is implementing a three-year "Amplify" strategy aimed at profitable growth and strong shareholder returns, focusing on emotional connections with consumers, fashion innovation, global experiences, and a consumer-focused culture [1][2] Company Strategy - The strategy is particularly focused on attracting Millennials and Gen Z, who are increasingly choosing Coach, with projections indicating that by 2030, these demographics will represent over 70% of the luxury market [2][3] - Tapestry aims to capture the initial luxury purchases of these younger consumers, emphasizing the long-term value of acquiring customers at this entry point [3] Financial Performance - In the quarter ending June 28, Tapestry reported a non-cash impairment charge of $855 million related to Kate Spade, alongside a 13% revenue decline for the brand [3] - Despite these challenges, Tapestry is confident in its strategy to drive future growth for both Coach and Kate Spade [3] Growth Projections - Tapestry projects mid-single-digit annual revenue growth (CAGR) for Coach and aims to expand its operating margin to the mid-30% range over the next three years, with a long-term goal of reaching $10 billion in annual revenue [4] - Kate Spade is expected to return to profitable top-line growth by Fiscal 2027, targeting mid-single-digit revenue growth and high single-digit operating margin by Fiscal 2028 [4] Marketing and Investment - Tapestry has significantly increased its marketing investment from 3.5% to over 11% of revenue over the past three years, with plans to further increase it by 200 basis points [5] - The company emphasizes the importance of scale and marketing investment in a competitive landscape with low barriers to entry but significant barriers to scale [5] Shareholder Returns - Tapestry plans to return $4 billion to shareholders by fiscal 2028, representing 100% of adjusted free cash flow from FY26 to FY28, even after capital expenditures [6] - The company is focused on a sustainable mid-single-digit growth rate, with capital allocation priorities including growing dividends and a recently authorized $3 billion share repurchase [7]

Tapestry (NYSE:TPR) unveiled its new Amplify growth strategy on Wednesday ahead of the global luxury lifestyle company's management presentations at its Investor Day event. The apparel giant said it plans to position itself for consistent, profitable growth over the next three ...

NEW YORK--(BUSINESS WIRE)--Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands, today is hosting its 2025 Investor Day in New York City. At the event, the Company will present its long-term growth strategy and financial targets. Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc., commented: "Tapestry is a consumer-obsessed, data-driven organization, driving meaningful durable growth. From this strong foundation, we are introducing our Amplify plan, building. ...

Core Trends for 2025 Autumn/Winter - The article highlights four core trends for the 2025 autumn/winter season that serve as essential sources of inspiration for daily outfits [3] - Designers are expected to infuse creativity and surprise into their collections, moving away from blind following to consciously shaping personal style [6] British Traditional Influence - A refined elegance based on British tradition is emphasized, featuring tailored houndstooth suits paired with white shirts, complemented by accessories like belts and brooches to enhance the seasonal style [7] - The popularity of British check patterns aligns with the concept of "basic styles as the core," suggesting that well-designed check suits and trousers will be key versatile pieces in wardrobes [11] Vintage Revival - A classic retro trend is emerging, characterized by timeless patterns that are reinterpreted with modern layers by designers [9] - The season's core items include fitted mid-length skirts and essential fur pieces, which add luxury and warmth, defining a nostalgic yet refined aesthetic for 2025 autumn/winter [24] Workwear and Utility Fashion - Utility jumpsuits continue to hold a place in the fashion spectrum, with a shift towards a more refined interpretation that incorporates military and workwear elements [15][16] - These functional clothing items, known for their durability and practical designs, are becoming more integrated into everyday urban life, making them accessible fashion choices [18] Feminine and Modern Blend - The feminine style is rooted in vintage charm while infusing modern female consciousness, showcasing a balance of softness and strength through outfits like knee-length feather skirts paired with cropped jackets [20] - The use of nostalgic color palettes and classic elements like lace and floral patterns creates a unique atmosphere that blends historical and contemporary styles [22] Preppy Style with a Twist - The preppy style is redefined with animal prints and vibrant colors, becoming a focal point on the runway, while adults are encouraged to avoid overly rigid looks and emphasize a relaxed vibe [26] - Selecting the right pieces is crucial, with a focus on blending trendy colors with classic designs to achieve a playful mix-and-match style [28]

Core Point - The quality inspection of sportswear products in Wuxi City for the year 2025 revealed that all 10 batches tested were found to be compliant with quality standards [3]. Group 1: Inspection Results - A total of 10 batches of sportswear products were sampled and none were found to be non-compliant [3]. - The inspected products included various types of sportswear such as T-shirts, pants, and other athletic apparel from different brands [4]. Group 2: Companies Involved - The inspection covered products from several companies, including Jiangyin Aijitu Clothing Co., Ltd., Wuxi Hongdou Sports Technology Co., Ltd., and Decathlon (Shanghai) Sports Goods Management Co., Ltd. [4]. - Notable brands involved in the inspection included Monster Guardians, HODO, HLA, and PONY, all of which passed the quality checks [4].

Oxford Industries, Inc. OXM will release earnings results for the second quarter, after the closing bell on Wednesday, Sept. 10.Analysts expect the company to report quarterly earnings at $1.18 per share, down from $2.77 per share in the year-ago period. Oxford Industries is projected to report quarterly revenue of $406.12 million, compared to $419.89 million a year earlier, according to data from Benzinga Pro.On June 11, Oxford Industries reported in-line earnings for the first quarter and issued second-qu ...

Oxford Industries, Inc. OXM will release earnings results for the second quarter, after the closing bell on Wednesday, Sept. 10.Analysts expect the company to report quarterly earnings at $1.18 per share, down from $2.77 per share in the year-ago period. Oxford Industries is projected to report quarterly revenue of $406.12 million, compared to $419.89 million a year earlier, according to data from Benzinga Pro.On June 11, Oxford Industries reported in-line earnings for the first quarter and issued second-qu ...