人事变动 - 公司宣布Kate Spade品牌总裁Liz Fraser将离职，根据其雇佣合同和公司的离职计划,将获得12个月的基本工资和2024财年的年度激励计划奖金[12] - 公司任命Eva Erdmann为Kate Spade品牌的新任CEO和总裁[14] 财务报告 - 公司发布了2024财年的业绩情况[10] 公司信息 - 公司发布了关于Liz Fraser离职的新闻稿[13] - 公司股票在纽约证券交易所上市[9]

UKRAINE - 2021/05/02: In this photo illustration a Tapestry, Inc. logo of an US multinational luxury ... [+] fashion holding company is seen on a smartphone and a pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesNote: Tapestry’s FY’24 ended July 2024.Tapestry (NYSE: TPR), a luxury goods retailer of handbags, shoes, and accessories, is scheduled to report its fiscal fourth-quarter results on Thursday, August 15. We expect the app ...

Analysts on Wall Street project that Tapestry (TPR) will announce quarterly earnings of $0.88 per share in its forthcoming report, representing a decline of 7.4% year over year. Revenues are projected to reach $1.57 billion, declining 2.9% from the same quarter last year.Over the last 30 days, there has been a downward revision of 0.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Tapestry (TPR) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on August 15, 2024, might help the stock move higher if these key numbers are better than expectation ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Tapestry (TPR) . This company, which is in the Zacks Retail - Apparel and Shoes industry, shows potential for another earnings beat.When looking at the last two reports, this maker of high-end shoes and handbags has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 16.65%, on averag ...

Tapestry, Inc. (TPR) solidifies its foothold in the global luxury market by advancing its luxury brand portfolio and optimizing its operational strengths. The company’s strategic framework includes a comprehensive suite of initiatives, from embracing digital transformation to customizing strategies for regional markets, all aimed at syncing with shifting consumer tastes and emerging market trends.The company’s prudent financial oversight and innovative growth strategies equip it to tackle the competitive ch ...

Tapestry, Inc. (TPR) maintains a robust position in the global luxury market through proactive measures aimed at expanding its luxury brand portfolio and enhancing operational capabilities. Its strategic initiatives, spanning digital transformation to regional market adaptations, are precisely designed to align with evolving consumer preferences and market dynamics. By exercising disciplined financial management and pursuing forward-thinking growth strategies, Tapestry is well-prepared to navigate the chall ...

Tapestry, Inc.’s (TPR) proactive approach to expanding its luxury brand portfolio and enhancing its operational capabilities underpins its robust position in the global luxury market. The company's strategic initiatives, from digital transformation to regional market adaptations, are designed to align with evolving consumer preferences and emerging market dynamics. Through disciplined financial management and a forward-thinking growth strategy, Tapestry is well-prepared to navigate the challenges of a compe ...

净销售额及净利润 - 公司在2024财年第三季度的净销售额为14.82亿美元，较上年同期下降1.8%[64] - 净利润为1.39亿美元，较上年同期下降25.3%[64] - Tapestry Inc. 第一季度财报显示，净销售额为508亿美元，同比增长0.8%[95] - 在2024财年前九个月，净利润下降了7.8%，为6.567亿美元[110] 品牌表现 - Coach品牌净销售额增长3.6%，达到38.45亿美元[96] - Kate Spade品牌净销售额下降5.9%，达到10.44亿美元[97] - Stuart Weitzman品牌净销售额下降12.8%，达到1.91亿美元[98] 毛利润及费用 - 毛利润为11.07亿美元，毛利率为74.7%[64] - Tapestry Inc. 毛利润增长4.4%，达到37亿美元，毛利率为72.8%[99] - 销售、一般及管理费用为9.03亿美元，占净销售额的60.9%[64] - SG&A费用增长5.7%，达到27.93亿美元，占销售额的55%[100] 运营利润 - 公司运营利润增长0.7%，达到9.05亿美元，运营利润率为17.8%[103] - Coach品牌运营利润增长11.2%，达到12.62亿美元，运营利润率为32.9%[104] - Kate Spade品牌运营利润增长8.5%，达到1.09亿美元，运营利润率为10.4%[105] - Stuart Weitzman品牌运营亏损扩大至11.9百万美元，运营利润率为-6.2%[106] 资产情况 - 现金及现金等价物在2024财年前九个月增加62.49亿美元，较2023财年同期的减少1.526亿美元有显著提升[113] - 公司在2023财年第四季度对Goodwill和品牌无形资产进行了年度减值评估，Coach品牌报告单位的公允价值显著高于其对应的账面价值[125] - Kate Spade品牌报告单位和无限期品牌在2023财年测试日期的公允价值分别高出其账面价值约20%和40%[125] - 如果在2024财年利润趋势低于预期，可能会导致Kate Spade品牌资产减值[125]

财务数据和关键指标变化 - 总收入与去年持平,达到预期下限 [13] - 国际市场收入增长3%,其中欧洲增长19%,日本增长2%,其他亚洲增长15% [13] - 大中华区收入下降2% [14] - 北美收入下降3% [15] - 直营业务收入下降4%,批发业务收入增长20% [59] - 毛利率创近20年来第三季度最高,较去年增长190个基点 [60] - 销售、一般及管理费用基本持平,优于预期 [61] - 营业利润增长6%,每股收益超预期约$0.15 [62] 各条业务线数据和关键指标变化 Coach - 收入在常汇率下增长,毛利率和利润大幅增长 [21][22] - Tabby系列销售强劲,几乎翻倍 [23][24] - 核心Tabby系列和Timeless Willow、Rogue系列表现良好 [25] - 新推出的Coach Swing Zip和ACE Tote受年轻消费者欢迎 [25] - 全球手袋平均售价在常汇率下有所增长,包括北美市场 [25] - 服饰、鞋履等其他品类也有不同程度增长 [26][27] - 通过营销和沉浸式零售体验提升品牌文化影响力,获得更多年轻消费者 [28][29][30] - Coachtopia可持续时尚子品牌获得良好反响 [31] Kate Spade - 收入有所下滑,但利润超预期,毛利率和利润率均有所提升 [33] - 聚焦提升核心手袋系列,新品表现良好带动客户获取和平均售价提升 [34][35][36] - 优化线上线下渠道体验,提升直营客户粘性 [38][39] - 通过营销活动提升品牌影响力,获得约40万新客户 [40] Stuart Weitzman - 受北美和大中华区市场挑战影响,业绩承压 [43] - 但持续投入产品和营销,推动长期增长和盈利能力 [44][45][46] 公司战略和发展方向及行业竞争 - 公司专注于品牌建设和与消费者建立情感联系,不会为了短期销售而牺牲品牌价值 [113][114][115] - 通过创新产品、沉浸式零售体验、数据驱动的营销等方式,持续提升品牌影响力和客户粘性 [119][120][121][133][134][135][136][137][138][147][148][149][150][151] - 在充满挑战的宏观环境下,公司仍有信心实现2025财年每股5美元的利润目标 [84][85][86][87][88][89][90][91][92][93][94][95][96][97][98][99][100][101][102][103][104][105][106][107][108][109][110][111][112] - 公司看好全球奢侈品市场的长期增长潜力,通过收购Capri进一步扩大品牌组合,提升竞争力 [49][50][51][78] 管理层对经营环境和未来前景的评论 - 北美市场消费者谨慎,但创新产品仍能获得良好反响 [113][114][115][116][117][118] - 大中华区市场复苏较预期缓慢,但公司仍看好长期机遇,将继续投资 [14][139][140][141][142][143] - 公司有信心通过持续的品牌建设和运营优化,实现可持续的收入和利润增长 [48][81][160][161] 问答环节重要的提问和回答 问题1 **Bob Drbul 提问** 询问公司实现2025财年每股5美元利润目标的信心 [84] **Joanne Crevoiserat 和 Scott Roe 回答** - 公司有信心实现2025财年每股5美元的利润目标,主要依托于Coach品牌的强劲表现、持续的毛利率改善和严格的费用管控 [85][86][87][88][89][90][91][92][93][94][95][96][97][98][99][100][101][102][103][104][105][106][107][108][109][110][111][112] 问题2 **Ike Boruchow 提问** 询问第四季度Coach在北美和中国的表现预期,以及Capri收购交易的每股收益摊薄情况 [94][95] **Scott Roe 和 Todd Kahn 回答** - 第四季度Coach在中国市场预计下滑约10%,但全年仍有低单位数增长 [96][97] - Capri收购交易第一年预计将带来双位数每股收益摊薄 [95] 问题3 **Matthew Boss 提问** 询问北美需求趋势以及未来毛利率改善空间 [101][102] **Joanne Crevoiserat 和 Scott Roe 回答** - 北美市场消费者谨慎,但创新产品仍能获得良好反响,公司将保持谨慎态度 [113][114][115][116][117][118] - 未来毛利率改善空间仍存,主要来自原材料成本下降、产品组合优化等因素 [124][125][126][127][128][129][130][131][132]