tupungato
Tapestry, Inc. (NYSE:TPR) has captured a new wave of operating and financial momentum, quietly pushing shares to a near 3-year high. The company’s latest quarterly report beat expectations, highlighted by expanding margins, turning the page on a challenging last couple of years between the pandemic disruptions and the more recent wave of inflationary cost pressures.
It’s been a few years since we last covered Tapestry, and while a lot has changed, we sense that the outlook is stronger than ever considering the opportunities from the pending acquisition of Capri Holdings Limited (CPRI) expected to close later this year as the next growth driver.
We remain bullish on TPR, which remains attractively priced with room for more upside, supported by solid fundamentals.
TPR Earnings Recap
TPR Q2 non-GAAP EPS of $1.63 came in $0.17 ahead of the consensus and was up 20% from the period last year. Revenue of $2.1B,…
