Tapestry Inc
TPR: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| vj | LOCK|P#fW^ | LOCK|!&^&hB |
Tapestry Earnings: Coach's Momentum Continues While Kate Spade Lags; Shares Expensive
Tapestry's sales rose 11% in its fiscal 2027 first quarter as a 16% increase from Coach (88% of sales) offset a 10% Kate Spade (12%) decline. Non-GAAP gross and operating margins improved by 220 and 230 basis points, respectively, to 78.7% and 23.2% on lower tariffs, higher prices, and cost-cuts.
