Associated tags: Magic, TPR, Publishing, News, Tapestry, Retail, Fashion, NYSE, Specialty, Coach, Kate Spade, Luxury, Conference, Tapestry, Inc.
Locations: NEW YORK, UNITED STATES, NORTH AMERICA, AUR, CHINA, SG, ASIA, EUROPE, JAPAN
Fashion,
Lifestyle,
Retail,
Luxury,
Consumer,
Specialty,
Cloud,
Federal Trade Commission,
FTC,
International,
Generate,
Investment,
Outlook,
Conference,
Generation Z,
Digital,
Cloud computing,
Acquisition,
EPS,
Movement,
Multimedia,
Millennials,
FX,
Capital expenditure,
GAAP,
Growth,
Kate Spade,
Interest Key Points:
- View the full release here: https://www.businesswire.com/news/home/20240509889515/en/
Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc., said, “Our third quarter earnings results outperformed expectations, reflecting our unwavering commitment to disciplined brand building and operational excellence.
- Net sales totaled $1.48 billion compared to $1.51 billion in the prior year period, representing a decline of 2% on a reported basis.
- In the prior year period, net income was $187 million, with earnings per diluted share of $0.78 on both a reported and non-GAAP basis.
- A webcast replay of the earnings conference call will also be available for five business days on the Tapestry website.
To listen to this Tapestry conference call, please dial 1-866-847-4217 or 1-203-518-9845 and provide the Conference ID 6217631.
Key Points:
- To listen to this Tapestry conference call, please dial 1-866-847-4217 or 1-203-518-9845 and provide the Conference ID 6217631.
- To listen to the audio webcast, please visit www.tapestry.com/investors .
- A telephone replay will be available for five business days beginning at 12:00 noon (ET) on May 9th.
- To access the telephone replay, please call 1-800-283-4641 or 1-402-220-0851.
Tapestry and Capri operate in an intensely competitive and highly fragmented industry alongside hundreds of rival brands, including both established players and new entrants.
Key Points:
- Tapestry and Capri operate in an intensely competitive and highly fragmented industry alongside hundreds of rival brands, including both established players and new entrants.
- We also compete for consumers who are cross-shopping a wide range of channels and brands along a vast pricing spectrum when considering what to purchase.
- In bringing this case, the FTC has chosen to ignore the reality of today’s dynamic and expanding $200 billion global luxury industry.
- Tapestry has a strong record of not only innovating for consumers but also providing industry-leading wages and benefits for our employees.
Cloud,
Kate Spade,
Coach,
Kate Spade New York,
SVP,
Growth,
Digital,
TPR,
Entrepreneurship,
Partnership,
Sales The platform has been delivering strong identification improvements and contributing to marketing growth for Coach and Stuart Weitzman.
Key Points:
- The platform has been delivering strong identification improvements and contributing to marketing growth for Coach and Stuart Weitzman.
- The expanded partnership with Bluecore reflects Tapestry’s continued focus on improving customer identification, engagement and retention to increase purchases from new, active, and inactive buyers.
- Since 2022, Bluecore has helped Coach and Stuart Weitzman improve growth and retention through successful marketing, customer experience and strategic expertise.
- “Our ability to increase identification rates and repeat purchases for Coach and Stuart Weitzman is just the beginning of what Tapestry can do with Bluecore.
Retrieved on:
Thursday, February 29, 2024
Fashion,
Other Retail,
Luxury,
Retail,
Specialty,
CFO,
Acquisition,
Kate Spade,
BMY,
AstraZeneca,
CVS Health,
Final good,
Senior,
Restaurant,
Boeing,
Multimedia,
Pennsylvania State University,
Drexel University,
SYY,
Record,
Marketing,
Health,
Growth,
Financial system,
University,
Business development,
Bristol Myers Squibb,
BMS,
Pharmacy,
Executive,
Patient,
CVS Pharmacy,
CVS,
Supply chain management,
Medical device,
Meal,
Mid-Atlantic (United States),
Management The appointments of Mr. Hourican and Mr. Elkins to the Board bring the membership to eleven, including ten independent directors.
Key Points:
- The appointments of Mr. Hourican and Mr. Elkins to the Board bring the membership to eleven, including ten independent directors.
- Kevin and David bring significant strategic and financial expertise, with successful track records of delivering innovation and disciplined global growth, including deep M&A experience.
- Upon his appointment, Kevin Hourican said, "I am excited to be joining the Board of Directors of Tapestry, an innovative, purpose-driven company with a consumer-led approach to building enduring brands.
- Upon his appointment, David Elkins stated, “I’m honored to join Tapestry’s Board of Directors at this important chapter in the company’s history.
Retrieved on:
Thursday, February 8, 2024
Online Retail,
Fashion,
Luxury,
Retail,
Specialty,
Cloud,
EPS,
Multimedia,
Kate Spade,
Growth,
Magic,
Calendar,
GAAP,
Outlook,
Digital,
Investment,
Generation Z,
Acquisition,
FX,
Creativity,
Interest,
EUR,
Cloud computing,
Capital expenditure,
Millennials,
Conference,
Movement,
Bank Importantly, we drove record revenue and EPS, while advancing our strategic agenda.
Key Points:
- Importantly, we drove record revenue and EPS, while advancing our strategic agenda.
- Based on these results, we are raising our EPS outlook for the fiscal year.”
“Moving forward, we have an unwavering commitment to deliver sustainable growth and shareholder value.
- As publicly announced by the regulator in January 2024, the State Administration for Market Regulation in China approved the transaction.
- The Company expects to report Fiscal 2024 third quarter results on Thursday, May 9, 2024.
Retrieved on:
Thursday, February 1, 2024
On Thursday, February 8, 2024 at 8:00 a.m. (ET), Tapestry, Inc. (NYSE: TPR) will hold a conference call to discuss the Company’s fiscal 2024 second quarter results which will be reported via press release earlier that morning.
Key Points:
- On Thursday, February 8, 2024 at 8:00 a.m. (ET), Tapestry, Inc. (NYSE: TPR) will hold a conference call to discuss the Company’s fiscal 2024 second quarter results which will be reported via press release earlier that morning.
- To listen to this Tapestry conference call, please dial 1-866-847-4217 or 1-203-518-9845 and provide the Conference ID 4693119.
- A telephone replay will be available for five business days beginning at 12:00 noon (ET) on February 8th.
- To access the telephone replay, please call 1-800-283-4641 or 1-402-220-0851.
Retrieved on:
Wednesday, January 31, 2024
Fashion,
Online Retail,
Retail,
Luxury,
Other Retail,
Department Stores,
Multimedia,
Kate Spade,
Disability,
ESG,
FY,
Textile,
Philosophy,
Corporation,
Corporate responsibility,
Culture,
Electricity Key Points:
- View the full release here: https://www.businesswire.com/news/home/20240131704174/en/
Coachtopia's Ergo bag on the cover of Tapestry's FY2023 Corporate Responsibility Report (Graphic: Business Wire)
“At Tapestry, we believe that sustainability is a business imperative.
- The Fabric of Change is Tapestry’s strategy for meeting the company’s commitments and goals in four key areas: people, planet, products and communities.
- The strategy is grounded in the belief that every beautiful choice can be a responsible choice.
- “We’ll continue to forge ahead with this philosophy, driving positive impact in a world that’s evolving faster than ever.”
Retrieved on:
Monday, November 27, 2023
Fashion,
Online Retail,
Retail,
Luxury,
Jewelry,
Other Retail,
USD,
EBITDA,
Hand,
Debt,
EUR,
Capri Holdings,
Acquisition,
NYSE,
EPS,
Kate Spade,
Security (finance),
Tapestry,
Coach Tapestry, Inc. (NYSE: TPR) (the “Company”), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, announced the closing of its $4.5 billion USD senior unsecured notes and its €1.5 billion Euro-denominated senior unsecured notes offerings.
Key Points:
- Tapestry, Inc. (NYSE: TPR) (the “Company”), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, announced the closing of its $4.5 billion USD senior unsecured notes and its €1.5 billion Euro-denominated senior unsecured notes offerings.
- Tapestry, Inc.’s Chief Financial Officer and Chief Operating Officer, Scott Roe, said, “We are pleased to announce the completion of our financing transaction, highlighting Tapestry’s progress towards closing the previously announced acquisition of Capri Holdings Limited.
- To this end, we raised $6.1 billion in senior notes, garnering high-quality fixed income investors globally, and securing an all-in debt interest rate, including Tapestry's existing debt, of 6.5%, in-line with our original expectations.
- Summary of Offering and Tapestry, Inc. Debt Outstanding
Retrieved on:
Thursday, November 16, 2023
Retail,
Luxury,
Fashion,
Merrill (company),
Sale,
Acquisition,
Telephone,
Attention,
Security (finance),
J. P. Morgan,
S-3,
Investment,
Form,
Managed file transfer,
Varick Street,
Morgan Stanley,
Bank Street,
2nd Floor,
Prospectus,
BofA Securities,
Hand,
Capri Pending the consummation of the Capri Acquisition, the net proceeds from this offering may be invested temporarily in cash equivalents or short-term investments.
Key Points:
- Pending the consummation of the Capri Acquisition, the net proceeds from this offering may be invested temporarily in cash equivalents or short-term investments.
- There will be no escrow account or security interest for the benefit of the holders of the notes.
- BofA Securities, Morgan Stanley and J.P. Morgan are acting as joint lead book-running managers for the offering.
- 333-253071) filed by the Company on February 12, 2021, and only by means of a prospectus supplement and accompanying prospectus.
