Tapestry's fiscal third-quarter sales rose 21%, as a 31% increase from Coach (89% of sales) offset a 10% decline from Kate Spade (11% of sales). With sales outperformance and higher Coach prices, gross and adjusted operating margin improved 80 and 490 basis points, respectively, to 76.9% and 22.4%.
Coach is one of the share leaders in the desirable category of handbags and other leather goods. Coach bags achieve better pricing than many others, allowing for gross margins above 75%.
Women's handbags and other accessories account for about 85% of Coach's sales. Although it has many products, Coach lacks the diversification of some peer upscale brands.
|
Metric
|
TPR
|
RL
|
CPRI
|
|---|---|---|---|
Price/Earnings (Normalized) | 21.48 | 23.72 | 14.30 |
Price/Book Value | 43.10 | 8.31 | 30.02 |
Price/Sales | 3.93 | 3.02 | 0.72 |
Price/Cash Flow | 17.93 | 18.67 | 11.41 |
|
Metric
|
TPR
|
RL
|
CPRI
|
|---|---|---|---|
Quick Ratio | 1.11 | 1.50 | 0.46 |
Current Ratio | 1.84 | 2.13 | 1.21 |
Interest Coverage | 15.42 | 21.74 | — |
|
Metric
|
TPR
|
RL
|
CPRI
|
|---|---|---|---|
Return on Assets (Normalized) | 21.51% | 13.70% | 3.96% |
Return on Equity (Normalized) | 179.49% | 38.51% | 195.89% |
Return on Invested Capital (Normalized) | 30.68% | 18.42% | 5.44% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Lvmh Moet Hennessy Louis Vuitton SE
LVMHF
| — | Fhps | $281B | |||
| Lvmh Moet Hennessy Louis Vuitton SE ADR
LVMUY
| Qcmpmql | Jdzg | $281B | |||
| Hermes International SA
HESAF
| — | Llg | $199B | |||
| Hermes International SA ADR
HESAY
| Cltvdhwny | Hzmhl | $199B | |||
| Compagnie Financiere Richemont SA Class A
CFRHF
| — | Kcll | $132B | |||
| Compagnie Financiere Richemont SA ADR
CFRUY
| Fdtbqmjft | Jnfdj | $132B | |||
| Christian Dior SE ADR
CHDRY
| — | Fzftl | $96B | |||
| The Swatch Group AG ADR
SWGAY
| Nwzkzjrd | Qrhbbrl | $14B | |||
| Capri Holdings Ltd
CPRI
| Wtdlxzxb | Jkwhy | $2B |
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United States