From CNBC: 2024-05-08 20:40:29

Luxury goods retailer Tapestry (NYSE: TPR) is set to report its fiscal Q3 results. Strong Coach sales lifted revenues, while Kate Spade and Stuart Weitzman saw declines. Tapestry aims to acquire Capri Holdings, solidifying its luxury brand portfolio. Performance compared to the S&P 500 has been mixed, with a 31% rise in 2021 but underperformance in 2023. With an expected valuation of $47 per share and solid earnings growth, Tapestry’s future remains uncertain in the face of a volatile market.



Read more at CNBC: Up 6% Year To Date, What Lies Ahead For Tapestry Stock Post Q3 Results?