Luxury Is Back. Did It Ever Leave? Tapestry Sets Aggressive Growth Forecasts; Signs Kim Kardashian

Luxury Is Back. Did It Ever Leave? Tapestry Sets Aggressive Growth Forecasts; Signs Kim Kardashian
  • Tapestry Inc TPR unveiled its 2025 growth strategy and financial targets. Tapestry's global brands include Coach, Kate spade new york, and Stuart Weitzman.
  • The company expects FY25 revenue of $8 billionrepresenting a three-year CAGR of 6% to 7%.
  • TPR forecasts EPS of over $5 for a low-to-mid-teens three-year CAGR.
  • It sees an operating margin of around 19%, a 100-basis point expansion compared to FY22.
  • RelatedTapestry's Q4 Highlights: Top-Line Miss, Bottom-Line Beat, Challenging External Environment & More
  • Tapestry plans a $3 billion cumulative cash return to shareholders by FY25, with annual share repurchases of $700 million and a targeted dividend payout ratio of 35% to 40%.
  • "The environment is ever-changing, and we are ready to move at the speed of the consumer with agility and intention," said CEO Joanne Crevoiserat.
  • In addition, its brand Stuart Weitzman has reportedly tapped American businesswoman and fashion influencer Kim Kardashian as a brand ambassador to help garner more customers.
  • Price Action: TPR shares are trading higher by 2.73% at $35.53 on the last check Friday.
  • Photo Via Company

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