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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Tapestry's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Tapestry's position in the market.
Rhea-AI Summary
Tapestry, Inc. (NYSE: TPR) partners with Pivot Energy to develop 33 Megawatts of solar energy in Illinois, committing to purchasing 15 years of Impact Renewable Energy Credits (RECs) and investing in local community organizations. The projects aim to reduce electricity bills, create workforce development opportunities, and deliver clean energy to over 6,000 Illinois households annually.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.77%
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Rhea-AI Summary
Tapestry, Inc. (TPR) embodies radical generosity on Giving Tuesday, showcasing the commitment of its brands, including Coach Foundation and kate spade new york, to support mental health and empowerment initiatives for young people and women globally. The Coach Foundation has provided 5,000 scholarships to students, partnered with 8 nonprofits globally, and mentored over 250 students through its Dream It Real Mentor Program. kate spade new york has given over $26M to support mental health and empowerment efforts globally and has committed to supporting 100,000 women and girls with access to mental health resources by 2025. 5% of net sales on November 28, 2023, will be donated to the Tides Foundation to support the mental health and empowerment initiatives of women and girls globally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.32%
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Rhea-AI Summary
Tapestry, Inc. (TPR) successfully completed a $7.5 billion senior unsecured notes and delayed draw term loans financing, achieving an all-in debt interest rate of 6.5%. The company remains well-positioned to close the acquisition of Capri Holdings Limited, demonstrating confidence in achieving its leverage target and maintaining a solid investment grade rating.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.32%
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Tapestry, Inc. (NYSE: TPR) Opens New Fulfillment Center in North Las Vegas, Nevada, Creating 400+ Jobs and Strengthening West Coast Operations. The new center leverages advanced technology to sustain multi-brand fulfillment, distribute 22.2 million units annually, and reduce delivery windows to 2-3 days. The opening reflects Tapestry's commitment to environmental responsibility and community engagement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.96%
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Rhea-AI Summary
Tapestry, Inc. (NYSE: TPR) announced the pricing of €1,500,000,000 aggregate principal amount of senior unsecured notes in three tranches with varying maturities and interest rates. The proceeds from this offering will be used, along with other financing sources, to pay for the acquisition of Capri Holdings Limited. The offering is expected to close on November 27, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.53%
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Rhea-AI Summary
Tapestry, Inc. (NYSE: TPR) Announces Commencement of Euro-Denominated Senior Unsecured Notes Offering for Capri Acquisition
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.53%
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Rhea-AI Summary
Tapestry, Inc. (NYSE: TPR) announced the pricing of $4.5 billion in senior unsecured notes in five tranches. The offering is expected to close on November 27, 2023, and the net proceeds will be used for the acquisition of Capri Holdings Limited and related fees and expenses.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.53%
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Rhea-AI Summary
Tapestry, Inc. (NYSE: TPR) announces the commencement of an underwritten public offering of U.S. dollar-denominated senior unsecured notes to finance the Capri Acquisition. BofA Securities, Morgan Stanley, and J.P. Morgan are acting as joint lead book-running managers for the proposed offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.21%
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Tapestry, Inc.: Kate Spade New York and The Boris Lawrence Henson Foundation expand the 'She Care Wellness Pods' program to a second HBCU campus, aiming to reach over 25,000 Black women with mental wellness care. The program includes free therapy sessions, hangout spaces, unique programming, workshops, and quiet spaces, providing frontline mental healthcare to female students.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.21%
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Rhea-AI Summary
Tapestry, Inc. (NYSE: TPR) reported Q1 earnings with revenue over $1.5 billion, 6% increase in diluted EPS, and maintained fiscal year 2024 outlook. The company also announced the acquisition of Capri Holdings Limited, expecting strong double-digit EPS accretion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.99%
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Tapestry, Inc.
NYSE:TPR
TPR Rankings
TPR Stock Data
9.26B
228.27M
0.3%
93.8%
2.88%
Women's Handbag and Purse Manufacturing
Manufacturing
United States of America
NEW YORK
About TPR
our global house of brands unites the magic of coach, kate spade new york and stuart weitzman. by intertwining different people and ideas, we push ourselves in our work, pull out the unexpected in what we create, and expand the bounds of possibility. our brands were created by dreamers who were determined to turn ideas into icons and, with passion, made it happen. we’ve grown by finding people similarly dedicated to the dream all over the world. we hold ourselves to high standards in every material, process, and person that plays a part in our work, and we embrace difference by design because diverse perspectives are at the heart of creativity. we find brilliance in the intersections—of beauty and function, of heritage and innovation, of accessibility and aspiration—which is how we break through with magic and logic in our culture and our craft. the result is that we stand taller together. tapestry elevates the best in our people and brands. we use our collective strengths to move our