Tapestry, Inc. ( TPR ) is the parent company of Coach, Kate Spade, and Stuart Weitzman. Each year, Coach represents a higher percentage of Tapestry, Inc.'s sales, reaching ~80% in FY25. It has also performed incredibly well over the past few years, having returned ~250% overI am a full-time equity analyst and the co-founder of Mina Vista Capital Management, a hedge fund that my business partner, William Hazen, and I started. I look for long-term investment opportunities with a focus on fundamentals. I’ve do ...

• Caleres shares are powering higher. Why are CAL shares rallying?Earnings SnapshotAdjusted EPS loss was 36 cents, down from EPS of 33 cents, better than the consensus loss of 40 cents.Excluding Stuart Weitzman, the company reported adjusted loss per share of six cents.For the quarter, direct-to-consumer sales represented approximately 74% of total net sales.Gross profit was $290.3 million and gross margin was 41.8%, down 230  basis points Y/Y, while adjusted gross margin was 42.9%, down 10 basis points Y/ ...

Performance in the fourth quarter was driven by outperformance in lead brands, which now represent nearly 60% of Brand Portfolio sales and serve as the primary growth engine. Market share gains in women's fashion footwear and shoe chains were attributed to an 'edit-and-elevate' strategy, focusing on premium brands and curated assortments. The Brand Portfolio saw growth in owned e-commerce and international markets, but on an organic basis excluding Stuart Weitzman, total company sales decreased 0.1% a ...

Shares of Caleres Inc. jumped nearly 18 percent in pre-market trading on Thursday as the footwear company reported fourth-quarter earnings that exceeded guidance. The St. Louis-based company said net sales in the fourth quarter of fiscal 2025 totaled $695.1 million, up 8.7 percent from $639.2 million the same time last year. Net sales in the period excluding Stuart Weitzman, the company’s newest brand, were $638.7 million. More from WWD Adjusted net loss was $11.7 million, or a loss of 36 cents a dilute ...

Caleres Inc.’s fourth quarter sales and earnings could see impact from the Saks Global bankruptcy. That was the word from Dana Telsey, chief investment officer at Telsey Advisory Group (TAG). She noted that the company previously said a Saks Chapter 11 could result in up to a drag of 6-cents-a-share to fourth quarter EPS (earnings per share) and reaffirmed prior guidance. But there’s a chance the company could incur a restructuring charge not previously announced. More from WWD In the fourth quarter ear ...

Core Insights - Tapestry Inc. has shown exceptional performance in FQ2 2026, with total revenue increasing by 14% to $2.5 billion, and a pro forma revenue growth of 18%, primarily driven by a 25% increase in the Coach brand [1][7] - The company has generated strong cash flow, achieving $1.04 billion in adjusted free cash flow for the quarter, which has enabled an increase in the planned return to shareholders to $1.5 billion for FY2026, up from $1.3 billion [2] - Tapestry has raised its full-year FY2026 outlook, expecting annual revenue to exceed $7.75 billion and diluted EPS to reach between $6.40 and $6.45, indicating over 25% growth compared to the previous year [3] Financial Performance - Total revenue for FQ2 2026 reached $2.5 billion, marking a 14% increase year-over-year [1] - Adjusted free cash flow for the quarter was $1.04 billion, supporting increased shareholder returns [2] - The company plans to return $1.5 billion to shareholders in FY2026, which includes a $1.2 billion share buyback program, an increase of $200 million from prior guidance [2] Strategic Initiatives - The growth in revenue was significantly supported by the holiday demand and the company's Amplify strategy, which attracted over 3.7 million new customers globally, with one-third being Gen Z [1] - Tapestry's management has expressed confidence in the Coach brand's momentum and the company's ability to sustain high margins despite external pressures [3] Company Overview - Tapestry Inc. operates in the accessories and lifestyle brand sector, with a presence in North America, Greater China, and other international markets [4] - The company has three main segments: Coach, Kate Spade, and Stuart Weitzman [4]

Core Viewpoint - Tapestry, Inc. (NYSE:TPR) is recognized as a strong investment opportunity in the luxury sector, with multiple analysts raising their price targets and maintaining positive ratings following the company's strong fiscal Q2 2026 results. Group 1: Analyst Ratings and Price Targets - BNP Paribas initiated coverage of Tapestry, Inc. with an Outperform rating and a price target of $176 on February 13 [1] - TD Cowen raised its price target from $150 to $175 while maintaining a Buy rating on February 10 [1] - UBS increased its price target from $125 to $141, keeping a Neutral rating on February 9 [2] Group 2: Financial Performance - Tapestry reported fiscal Q2 2026 revenue of $2.5 billion, reflecting a 14% increase year-over-year [2] - The company achieved pro forma revenue growth of 18%, driven by a 25% increase in the Coach brand [2] Group 3: Operational Metrics and Shareholder Returns - Tapestry expanded its operating margin by 620 basis points on a GAAP basis and 390 basis points on a non-GAAP basis, aided by gross margin improvement and SG&A leverage [3] - The company plans to return $1.5 billion to shareholders through dividends and share repurchases in Fiscal 2026, which is approximately 100% of its anticipated adjusted free cash flow, up from a previous outlook of $1.3 billion [3]

Core Viewpoint - Tapestry, Inc. has received a "Buy" rating from BTIG with a new price target of $175, indicating positive investor sentiment despite mixed actions from other investors [1][6]. Investment Actions - Thrivent Financial for Lutherans has reduced its investment in Tapestry by selling 31,329 shares, representing a 43.3% decrease in their holdings, leaving them with 40,966 shares valued at approximately $4.6 million [2]. - Keybank National Association OH has increased its stake in Tapestry by 14.8%, acquiring an additional 5,952 shares, bringing their total holdings to 46,066 shares valued at around $5.2 million [3]. - The National Pension Service has purchased a new stake in Tapestry valued at approximately $608,000 during the third quarter, indicating growing interest from institutional investors [4]. Stock Performance - Tapestry's stock price is currently $152.10, reflecting a 6.22% increase, with fluctuations between $144.38 and $153.10 today, and a 52-week high of $153.13 and a low of $58.39 [5]. - The market capitalization of Tapestry stands at approximately $31.13 billion, with a trading volume of 3,250,077 shares today [5].

Core Viewpoint - Tapestry Inc. (NYSE:TPR) has demonstrated strong earnings performance in Q2 FY2026, leading to a significant increase in stock price and a positive growth outlook for the full year [1][3]. Financial Performance - In Q2 FY2026, Tapestry's net income surged by 81% to $561.3 million, up from $310.4 million year-on-year [2]. - Net sales for the same quarter increased by 14% to $2.5 billion, compared to $2.19 billion in the previous year [2]. - For the six-month period, net income rose by 68% to $836.1 million from $497 million, while net sales increased by 13.5% to $4.2 billion from $3.7 billion [3]. Future Outlook - Tapestry is targeting revenues exceeding $7.75 billion, which represents an 11% growth from the previous year [3]. - Diluted earnings per share are projected to be between $6.40 and $6.45, indicating over 25% growth compared to the prior year and surpassing previous guidance of $5.45 to $5.60 [4]. Stock Performance - Tapestry's stock reached an all-time high of $145.42 during intra-day trading, closing up by 10.21% at $143.19 [1].

Core Viewpoint - Tapestry, Inc. is a prominent player in the retail apparel and shoes industry, recognized for its luxury brands and strategic growth initiatives [1] Earnings Expectations - Tapestry is scheduled to release its quarterly earnings report on February 5, 2026, with analysts forecasting an earnings per share (EPS) of $2.20 and revenue of approximately $2.32 billion [2][6] Historical Performance - The company has a track record of exceeding earnings estimates, with a recent average surprise of 6.69% and a notable earnings report last quarter where it achieved $1.38 per share against a consensus estimate of $1.25, resulting in a 10.40% surprise [3][4][6] Financial Health - Tapestry's financial metrics include a high P/E ratio of 101.50, a price-to-sales ratio of 3.69, and an enterprise value to sales ratio of 4.17, indicating strong market valuation. The debt-to-equity ratio stands at 10.51, reflecting significant reliance on debt, while the current ratio of 1.52 suggests sufficient liquidity to meet short-term obligations [5][6]