Tapestry, Inc. (TPR)

Tapestry reported strong fiscal 2025 fourth-quarter and full-year results, achieving record annual revenue of $7.0 billion and increasing its dividend on August 14, 2025. The company strategically divested its Stuart Weitzman brand for $105 million in cash in August 2025. Tapestry introduced its "Amplify" growth strategy and long-term financial targets at its Investor Day on September 10, 2025, outlining plans to return $4 billion in capital to shareholders through fiscal year 2028 via share repurchases and dividends. Despite reporting first-quarter fiscal 2026 results that beat analyst estimates for revenue and adjusted EPS on November 6, 2025, TPR shares closed down by 9.6%. Tapestry published its FY2025 Corporate Responsibility report on December 22, 2025, detailing progress in embedding responsible practices across its brands and global operations. On January 9, 2026, the company's share price was $134.38, representing a 100.12% increase over the period from January 10, 2025. Analysts anticipate Tapestry to announce its fiscal second-quarter earnings for 2026 in the near term, with expectations of an 8% increase in profit per share on January 13, 2026. Over the past 52 weeks, TPR stock has significantly outperformed the S&P 500 Index and the Consumer Discretionary Select Sector SPDR Fund.

The nature of Tapestry's products suggests that demand is likely seasonal, with heightened sales during key shopping periods such as the holiday season and potentially around other gift-giving occasions. The company's consistent acquisition of new customers, particularly Gen Z and Millennials, indicates a continuous effort to drive demand, but the overall retail calendar for fashion and accessories often aligns with seasonal trends and promotional events.

Tapestry, Inc. is a global house of modern luxury and lifestyle brands, primarily known for its Coach and Kate Spade New York brands. The company designs, markets, and distributes premium accessories and lifestyle products, with a focus on direct-to-consumer sales, which accounted for approximately 86% of net sales in fiscal year 2025. Its core business revolves around its distinct global brands: Coach, Kate Spade New York, and previously, Stuart Weitzman, which was divested in August 2025. The company's product offerings include a wide range of items such as handbags, small leather goods, footwear, jewelry, seasonal apparel collections, sunwear, travel bags, fragrances, and watches.

Tapestry maintains a significant global market presence with a strong retail footprint across North America, Europe, and Asia. The company prioritizes key growth markets such as North America and Greater China, while also accelerating momentum in regions like Europe. Specifically, its Coach brand has an international segment that includes sales in Japan, mainland China, Hong Kong, Macau, Singapore, Taiwan, Malaysia, South Korea, the United Kingdom, France, Ireland, Spain, Portugal, Germany, Italy, Austria, Belgium, the Netherlands, and Switzerland. North America accounted for 64% of fiscal 2024 sales.

In the past year, Tapestry has focused on strengthening its brand reputation through strategic initiatives, emphasizing brand building, customer centricity, and operational excellence, particularly for its flagship Coach brand. Tapestry has been successful in acquiring new customers, with approximately 6.8 million new customers in North America alone during fiscal year 2025, and about 60% of these being Gen Z and Millennials. The company also released its FY2025 Corporate Responsibility report in December 2025, highlighting its commitment to sustainable practices. However, an analysis from September 2025 noted "fading Gen Z momentum in North America due to market saturation" and "internal brand challenges, especially with Kate Spade," suggesting some potential concerns regarding brand perception and growth in certain segments.

Tapestry, Inc. is a publicly traded company with ownership largely dispersed among institutional investors and the general public. Institutional ownership typically ranges from approximately 71.55% to 82.9% of the company's stock. Major institutional shareholders include Vanguard Group Inc., BlackRock, Inc., State Street Corp, Fmr Llc, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Geode Capital Management, Llc, NAESX - Vanguard Small-Cap Index Fund Investor Shares, SRS Investment Management, LLC, and Schroder Investment Management Group. Insider ownership is relatively small, around 0.48%.