Tapestry Inc
TPR: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| y$ | LOCK|Y>JC@ | LOCK|!XPm^! |
Tapestry Earnings: Coach Performs Well in Tough Environment; Shares Slightly Undervalued
Led by Coach (78% of sales), Tapestry’s sales and profitability exceeded our expectations in fiscal 2025’s first quarter. As the full-year outlook was only marginally raised, we do not expect to make a material change to our $59 fair value estimate, leaving the shares attractive.
