Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

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<ul><li>Tapestry reported fiscal 2026 results exceeding strategic commitments established two years earlier.</li><li>Revenue reached $8 billion, representing 17% pro forma constant currency growth, while operating margin improved 340 basis points to more than 23%.</li><li>Earnings per share increased 38% to $7.05.</li></ul>

Tapestry reported fiscal 2026 results exceeding strategic commitments established two years earlier.Revenue reached $8 billion, representing 17% pro forma constant currency growth, while operating margin improved 340 basis points to more than 23%.Earnings per share increased 38% to $7.05.

Tapestry's $1.7 Billion Capital Return — A Powerful Signal Behind Fiscal 2027!

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<ul>
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Dominant Coach Brand Drives Growth: Tapestry's financial performance is overwhelmingly driven by its flagship Coach brand, which has demonstrated remarkable growth and profitability, particularly by resonating with Gen Z and Millennial consumers. The brand's success in the 'accessible luxury' space provides a strong foundation for the company.</li>
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Focused Strategy Post-Capri Termination: Following the mutual termination of the $8.5 billion merger agreement with Capri Holdings in late 2024, Tapestry has pivoted to its 'Amplify' growth strategy. This plan focuses on organic growth, building deeper consumer connections, and significant capital returns to shareholders, including a planned $4 billion through FY2028.</li>
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Valuation Reflects Premium Performance: The company's strong operational execution, margin expansion, and market share gains have led to a significant stock price appreciation. While its valuation multiples are now at a premium compared to many peers, the outlook for continued double-digit earnings growth, supported by aggressive share buybacks, presents a compelling case for investors.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  
Dominant Coach Brand Drives Growth: Tapestry's financial performance is overwhelmingly driven by its flagship Coach brand, which has demonstrated remarkable growth and profitability, particularly by resonating with Gen Z and Millennial consumers. The brand's success in the 'accessible luxury' space provides a strong foundation for the company.
  
Focused Strategy Post-Capri Termination: Following the mutual termination of the $8.5 billion merger agreement with Capri Holdings in late 2024, Tapestry has pivoted to its 'Amplify' growth strategy. This plan focuses on organic growth, building deeper consumer connections, and significant capital returns to shareholders, including a planned $4 billion through FY2028.
  
Valuation Reflects Premium Performance: The company's strong operational execution, margin expansion, and market share gains have led to a significant stock price appreciation. While its valuation multiples are now at a premium compared to many peers, the outlook for continued double-digit earnings growth, supported by aggressive share buybacks, presents a compelling case for investors.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

<ul><li>Tapestry, Inc. reported a third quarter marked by significant outperformance and raised fiscal year 2026 guidance.</li><li>The company achieved 23% revenue growth on a pro forma, constant currency basis, driven notably by the strength of the Coach brand, which posted a 29% constant currency revenue increase with expanding profitability.</li><li>Operating margin expanded by 490 basis points, and earnings per share grew 62% compared with the prior year, reflecting strong operational leverage and disciplined reinvestment in growth initiatives.</li></ul>

Tapestry, Inc. reported a third quarter marked by significant outperformance and raised fiscal year 2026 guidance.The company achieved 23% revenue growth on a pro forma, constant currency basis, driven notably by the strength of the Coach brand, which posted a 29% constant currency revenue increase with expanding profitability.Operating margin expanded by 490 basis points, and earnings per share grew 62% compared with the prior year, reflecting strong operational leverage and disciplined reinvestment in growth initiatives.

Tapestry’s Coach Powerhouse: 29% Growth Puts The Brand In Focus!

<ul><li>Tapestry, a prominent player in the luxury fashion industry known for its brands such as Coach and Kate Spade, showcased both resilience and strategic proficiency in its latest earnings report.</li><li>During the period under review, Tapestry demonstrated impressive revenue growth, particularly driven by the Coach brand, despite certain challenges faced by Kate Spade.</li><li>Tapestry's fiscal strategies, including brand innovation and global expansion, underscore its approach to maintaining competitiveness in a dynamic market.</li></ul>

Tapestry, a prominent player in the luxury fashion industry known for its brands such as Coach and Kate Spade, showcased both resilience and strategic proficiency in its latest earnings report.During the period under review, Tapestry demonstrated impressive revenue growth, particularly driven by the Coach brand, despite certain challenges faced by Kate Spade.Tapestry's fiscal strategies, including brand innovation and global expansion, underscore its approach to maintaining competitiveness in a dynamic market.

Tapestry Inc.: What Its Gen Z Momentum Reveals About the Future of Luxury Retail!

<ul><li>Tapestry delivered a strong first quarter performance characterized by broad-based revenue growth, margin expansion and increased customer acquisition, while also acknowledging areas of continued investment and pressure across the portfolio.</li><li>Pro forma revenue increased 16%, led by 21% growth at Coach, with North America, Europe and Greater China each contributing double-digit gains.</li><li>Direct-to-consumer revenue rose at a mid-teens rate in both digital and brick-and-mortar channels, supported by improved consumer engagement and higher average unit retail.</li></ul>

Tapestry delivered a strong first quarter performance characterized by broad-based revenue growth, margin expansion and increased customer acquisition, while also acknowledging areas of continued investment and pressure across the portfolio.Pro forma revenue increased 16%, led by 21% growth at Coach, with North America, Europe and Greater China each contributing double-digit gains.Direct-to-consumer revenue rose at a mid-teens rate in both digital and brick-and-mortar channels, supported by improved consumer engagement and higher average unit retail.

Tapestry Revives Kate Spade With a High-Impact Turnaround & Gen Z Targeting; But Is It Enough?

United States

Tapestry, Inc. designs and markets clothes and accessories. The Company offers handbags, leather goods, footwear, fragrance, jewelry, outer wear, ready-to-wear, scarves, sunwear, travel accessories, and watches. Tapestry serves customers in the United States.

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Tapestry Inc (TPR US)

Tapestry's $1.7 Billion Capital Return — A Powerful Signal Behind Fiscal 2027!

Tapestry reported fiscal 2026 results exceeding strategic commitments established two years earlier. Revenue reached $8 billion, representing 17%...

Baptista Research

Primer: Tapestry Inc (TPR US) - Aug 2026

Dominant Coach Brand Drives Growth: Tapestry's financial performance is overwhelmingly driven by its flagship Coach brand, which has...

αSK Primers

Tapestry’s Coach Powerhouse: 29% Growth Puts The Brand In Focus!

Tapestry, Inc. reported a third quarter marked by significant outperformance and raised fiscal year 2026 guidance. The company achieved 23%...

Baptista Research

Tapestry Inc.: What Its Gen Z Momentum Reveals About the Future of Luxury Retail!

Tapestry, a prominent player in the luxury fashion industry known for its brands such as Coach and Kate Spade, showcased both resilience and...

Baptista Research

Tapestry Revives Kate Spade With a High-Impact Turnaround & Gen Z Targeting; But Is It Enough?

Tapestry delivered a strong first quarter performance characterized by broad-based revenue growth, margin expansion and increased customer...

Baptista Research

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