Welcome to our dedicated page for Tapestry news (Ticker: TPR), a resource for investors and traders seeking the latest updates and insights on Tapestry stock.
Tapestry, Inc. (NYSE: TPR) is frequently in the news as a global house of accessories and lifestyle brands that unites Coach and kate spade new york. News coverage about Tapestry often reflects its brand performance, strategic growth agenda, corporate responsibility initiatives and capital allocation decisions, giving investors and followers insight into how the company manages its portfolio and engages consumers.
Recent announcements highlight Tapestry’s fiscal results, including record quarterly and annual revenue, updates on margins and earnings, and details on its direct-to-consumer performance across regions. These releases often discuss progress on the company’s Amplify growth strategy, which focuses on building emotional connections with consumers, fueling fashion innovation and product excellence, delivering compelling experiences to drive global growth and igniting the power of its people.
Tapestry news also covers major corporate actions and partnerships. Examples include the completion of the sale of the Stuart Weitzman brand to Caleres, the authorization of a multi-billion-dollar share repurchase program, and updates on dividend policies and capital return plans. Corporate responsibility stories feature the publication of Tapestry’s Corporate Responsibility Report, progress toward renewable electricity goals and initiatives to strengthen global leather supply chains.
Another important stream of news involves sustainability and innovation partnerships, such as Tapestry’s long-term agreement with Pivot Energy to purchase Renewable Energy Credits from Illinois community solar projects and its expanded investment and supply agreement with Gen Phoenix for recycled leather fiber materials. Together, these items provide a view into how Tapestry approaches growth, brand-building, sustainability and shareholder value. For ongoing context, readers can follow earnings releases, Investor Day updates, ESG milestones and strategic transactions related to TPR.
Tapestry (NYSE:TPR) has significantly expanded its partnership with Gen Phoenix through a new three-year supply agreement and increased investment as part of Gen Phoenix's $15 million Series funding round led by Material Impact. Tapestry has increased its equity stake in Gen Phoenix to 9.9%, nearly quadrupling its initial 2023 investment.
The partnership aims to scale sustainable recycled leather fiber materials across Tapestry's luxury brands including Coach, Kate Spade, and Stuart Weitzman. Gen Phoenix will use the funding to expand into new markets, scale production at its UK facility with 60+ million ft² annual capacity, and accelerate R&D for its circular leather solution.
Tapestry, Inc. (NYSE: TPR), the parent company of Coach, kate spade new york, and Stuart Weitzman, has announced it will host an Investor Day on September 10, 2025 in New York City. The event will run from 8:30 a.m. to 12:00 p.m. ET.
The presentation will feature CEO Joanne Crevoiserat and CFO/COO Scott Roe discussing the company's long-term strategic growth initiatives and financial outlook. While in-person attendance is by invitation only, a live video webcast with accompanying slides will be available on Tapestry's Investor Relations website.
Tapestry, Inc. (NYSE: TPR) has announced its upcoming fiscal 2025 third quarter earnings conference call, scheduled for Thursday, May 8, 2025, at 8:00 a.m. ET. The company will release its financial results via press release earlier that morning.
Investors and analysts can access the conference call by dialing 1-866-847-4217 or 1-203-518-9845 with Conference ID 9290746. An audio webcast will be available on the company's investor relations website. A telephone replay will be accessible for five business days starting at 12:00 noon ET on May 8th.
Tapestry is a global house of brands comprising Coach, kate spade new york, and Stuart Weitzman, each maintaining unique identities while sharing commitments to innovation, authenticity, and sustainable fashion practices.
Tapestry Inc. (NYSE: TPR) has announced the sale of its Stuart Weitzman brand to Caleres (NYSE: CAL) for $105 million in cash, subject to customary adjustments. The transaction is expected to close in summer 2025.
This strategic move allows Tapestry to focus on its largest value creation opportunities, particularly sustaining Coach's leadership and reinvigorating Kate Spade. For Caleres, Stuart Weitzman will become a lead brand, advancing their strategic agenda to grow their Brand Portfolio segment with more global and direct-to-consumer reach. Post-integration, the Brand Portfolio segment is expected to generate nearly half of Caleres' total revenue and over half of their operating profit.
Caleres (NYSE: CAL) has announced a definitive agreement to acquire Stuart Weitzman from Tapestry, Inc. for $105 million. The acquisition aims to strengthen Caleres' position in women's fashion footwear, particularly in the contemporary market segment.
The deal is expected to close in summer 2025, with Caleres funding the acquisition through its revolving credit agreement. Post-acquisition, the Brand Portfolio segment will generate nearly half of Caleres' total revenue and over half of its operating profit. The company expects to operate Stuart Weitzman profitably after integration.
BofA Securities and BCLP are serving as Caleres's financial and legal advisors respectively. Caleres also confirmed its expectations to report consolidated net sales and earnings per diluted share in line with its most recent guidance for the year ending February 1, 2025.
Tapestry Inc. (TPR) reported strong fiscal 2025 second quarter results, achieving record revenue of $2.2 billion, representing a 5% increase year-over-year. The growth was primarily driven by Coach's 10% revenue increase. The company delivered a diluted EPS of $1.38 on a reported basis and a record non-GAAP diluted EPS of $2.00.
Key highlights include a 280 basis points gross margin expansion, strong performance across regions with notable growth in Europe (+42%), North America (+4%), and APAC (+1%). The company welcomed approximately 2.7 million new customers in North America, with over half being Gen Z and Millennials. Digital revenue saw high-single digit growth, while brick-and-mortar sales increased in low-single digits.
Based on these strong results, Tapestry raised its fiscal 2025 outlook, now expecting revenue over $6.85 billion (approximately 3% growth) and EPS of $4.85-$4.90 (13-14% growth). The company remains on track to return over $2 billion to shareholders in fiscal 2025 through dividends and share repurchases.
Tapestry, Inc. (NYSE: TPR) has announced it will host its fiscal 2025 second quarter earnings conference call on Thursday, February 6, 2025, at 8:00 a.m. ET. The company will release its earnings report via press release earlier that morning. Investors can access the call by dialing 1-866-847-4217 or 1-203-518-9845 with Conference ID 2684017.
A telephone replay will be available for five business days starting at 12:00 noon ET on February 6th, accessible at 1-800-283-4641 or +1-402-220-0851. The company's portfolio includes Coach, kate spade new york, and Stuart Weitzman brands, each maintaining unique identities while sharing commitments to innovation and authenticity.
Coach and Gen Phoenix are set to present at CES 2025 on January 9th, showcasing their collaborative efforts in sustainable fashion innovation. The partnership, which began in March 2023 with Tapestry's (NYSE: TPR) strategic investment in Gen Phoenix, focuses on revolutionizing luxury fashion through sustainable practices.
Gen Phoenix's material boasts at least an 80% lower carbon footprint compared to conventional leather. The collaboration has already yielded results through Coachtopia, Coach's circular sub-brand launched in April 2023, featuring handbags made with Gen Phoenix's recycled leather fiber material.
At CES, Coach CEO Todd Kahn and Gen Phoenix CMO Elyse Winer will discuss their partnership's evolution, unveil new product innovations, and outline future plans. The presentation will include exclusive Coach products made with new-to-market recycled leather fibers specifically for CES 2025.
Coach and Gen Phoenix are set to showcase their partnership at CES 2025, highlighting sustainable innovation in fashion. The companies will present during the Great Minds panel on January 9th, featuring Coach CEO Todd Kahn and Gen Phoenix CMO Elyse Winer.
The partnership, which began in March 2023 with Tapestry's (NYSE: TPR) strategic investment in Gen Phoenix, focuses on sustainable leather manufacturing. Gen Phoenix's material boasts at least an 80% lower carbon footprint compared to conventional leather. The collaboration gained momentum in April 2023 with the launch of Coachtopia, Coach's circular sub-brand featuring products made with Gen Phoenix's recycled leather fiber material.
During the CES event, attendees will have the opportunity to win exclusive Coach products made with new-to-market recycled leather fibers. The panel will explore luxury evolution in conscious consumption and reveal new product innovations.