- Tapestry’s net sales for the third quarter were $1.58 billion, surpassing the estimated $1.53 billion.
- The company’s gross margin was 76.1%, slightly higher than the estimated 75.7%.
- Inventory levels stood at $873.5 million, exceeding the estimation of $858.7 million.
- Adjusted earnings per share (EPS) were reported at $1.03, beating the estimate of 88 cents.
- The company remains on track to return over $2 billion to shareholders in the fiscal year 2025.
- Analyst recommendations: 16 buys, 6 holds, and 1 sell.
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Tapestry Inc on Smartkarma
Analysts at Baptista Research recently published a bullish report on Tapestry Inc. The research highlighted Tapestry’s strong performance in the second quarter, exceeding market expectations with record revenue and earnings per share. Notably, the company’s renowned brands, including Coach, Kate Spade, and Stuart Weitzman, played a significant role in driving a 5% revenue growth, with Coach leading the way with a remarkable 10% increase. The report also praised Tapestry’s successful expansion efforts in international markets, showcasing the company’s strategic brand-building initiatives and sound financial management.
A look at Tapestry Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Looking ahead, Tapestry Inc, a company specializing in designing and marketing clothes and accessories, shows a promising long-term outlook based on its Smartkarma Smart Scores. With a strong momentum score of 5, Tapestry is displaying positive performance trends that may continue in the future. Additionally, the company has solid scores in areas like dividend, growth, and resilience, indicating a well-rounded positioning for potential growth and stability. Even though the value score is moderate at 2, the overall outlook for Tapestry Inc appears optimistic, supported by its diverse product offerings catering to customers in the United States.
In conclusion, Tapestry Inc seems well-positioned for long-term success, given its favorable Smartkarma Smart Scores across various key factors. The company’s focus on handbags, leather goods, footwear, fragrance, jewelry, and other accessories has resonated well with consumers in the United States. With above-average scores in areas like dividends, growth, resilience, and strong momentum, Tapestry Inc‘s overall outlook remains positive, suggesting a potential for sustained performance and growth in the coming years.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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