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.

Equity Bottom-Up

<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?

<ul><li>Tapestry has reported strong financial performance for fiscal year 2025, with revenue reaching an impressive $7 billion and an operating margin of 20%.</li><li>The company achieved these results despite a challenging macroeconomic environment, demonstrating the resilience and effectiveness of its strategies.</li><li>Tapestry has seen significant growth across key regions, particularly North America, China, and Europe, and has successfully attracted 6.8 million new customers in North America alone, with a substantial portion from the Gen Z and millennial demographics.</li></ul>

Tapestry has reported strong financial performance for fiscal year 2025, with revenue reaching an impressive $7 billion and an operating margin of 20%.The company achieved these results despite a challenging macroeconomic environment, demonstrating the resilience and effectiveness of its strategies.Tapestry has seen significant growth across key regions, particularly North America, China, and Europe, and has successfully attracted 6.8 million new customers in North America alone, with a substantial portion from the Gen Z and millennial demographics.

Tapestry Inc.: Targeted Brand Investments & Product Innovation to Ensure Brand Remains Relevant & Competitive!

<ul><li>Tapestry, Inc. has recently released its third-quarter results, which exceeded market expectations, highlighting the company's strong positioning and operational momentum across its brands.</li><li>The quarter saw accelerated revenue growth of 8% on a constant currency basis, driven primarily by the performance of its flagship brand, Coach, which achieved a 15% revenue increase.</li><li>Geographic performance was varied, with Europe seeing a 35% increase, substantial gains in the Asia-Pacific region, and steady growth in North America.</li></ul>

Tapestry, Inc. has recently released its third-quarter results, which exceeded market expectations, highlighting the company's strong positioning and operational momentum across its brands.The quarter saw accelerated revenue growth of 8% on a constant currency basis, driven primarily by the performance of its flagship brand, Coach, which achieved a 15% revenue increase.Geographic performance was varied, with Europe seeing a 35% increase, substantial gains in the Asia-Pacific region, and steady growth in North America.

Tapestry Inc.: An Insight Into its Direct-to-Consumer Model

<ul><li>Tapestry reported strong results for its second quarter, surpassing expectations with record quarterly revenue and earnings per share.</li><li>The company, known for its brands Coach, Kate Spade, and Stuart Weitzman, demonstrated its commitment to strategic brand building and disciplined financial management, resulting in a 5% revenue growth, driven primarily by Coach’s impressive 10% increase.</li><li>Positive aspects of the earnings report include Tapestry's successful expansion in international markets.</li></ul>

Tapestry reported strong results for its second quarter, surpassing expectations with record quarterly revenue and earnings per share.The company, known for its brands Coach, Kate Spade, and Stuart Weitzman, demonstrated its commitment to strategic brand building and disciplined financial management, resulting in a 5% revenue growth, driven primarily by Coach’s impressive 10% increase.Positive aspects of the earnings report include Tapestry's successful expansion in international markets.

Tapestry Inc.: How Badly Does It Rely On Coach's Brand Strength and Pricing Power?

<ul><li>Tapestry, Inc. reported its fourth quarter earnings where it demonstrated notable strengths internationally with a 6% growth led by significant contributions from various regions including Europe, Other Asia, and Japan.</li><li>However, modest revenue declines in North America, coupled with more challenging conditions in Greater China, posed challenges in otherwise robust financial outcomes.</li><li>Revenue in Greater China grew by 3% overall for the year but showcased declines in the latter half.</li></ul>

Tapestry, Inc. reported its fourth quarter earnings where it demonstrated notable strengths internationally with a 6% growth led by significant contributions from various regions including Europe, Other Asia, and Japan.However, modest revenue declines in North America, coupled with more challenging conditions in Greater China, posed challenges in otherwise robust financial outcomes.Revenue in Greater China grew by 3% overall for the year but showcased declines in the latter half.

Tapestry Inc.: A Story Of Enhanced Brand Building & Consumer Engagement! - Major Drivers

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 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

Tapestry Inc.: Targeted Brand Investments & Product Innovation to Ensure Brand Remains Relevant & Competitive!

Tapestry has reported strong financial performance for fiscal year 2025, with revenue reaching an impressive $7 billion and an operating margin of...

Baptista Research

Tapestry Inc.: An Insight Into its Direct-to-Consumer Model

Tapestry, Inc. has recently released its third-quarter results, which exceeded market expectations, highlighting the company's strong positioning...

Baptista Research

Tapestry Inc.: How Badly Does It Rely On Coach's Brand Strength and Pricing Power?

Tapestry reported strong results for its second quarter, surpassing expectations with record quarterly revenue and earnings per share. The...

Baptista Research

Tapestry Inc.: A Story Of Enhanced Brand Building & Consumer Engagement! - Major Drivers

Tapestry, Inc. reported its fourth quarter earnings where it demonstrated notable strengths internationally with a 6% growth led by significant...

Baptista Research

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