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India

Tapestry Inc (TPR.N)

TPR.N on New York Stock Exchange

50.65USD
23 Feb 2018
Change (% chg)

$0.88 (+1.77%)
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Latest Key Developments (Source: Significant Developments)

Tapestry Inc Says HK Stock Exchange Approved Withdrawal Of Listing Of HDRs
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - Tapestry Inc ::STOCK EXCHANGE HAS APPROVED WITHDRAWAL OF LISTING OF HDRS ON STOCK EXCHANGE.WITHDRAWAL OF LISTING OF HDRS FROM STOCK EXCHANGE TO BECOME EFFECTIVE AT 9:00 A.M. (HONG KONG TIME) ON MARCH 2, 2018.DEALINGS IN HDRS ON STOCK EXCHANGE TO CEASE AT 4:00 P.M. (HONG KONG TIME) ON JAN. 30, 2018.STOCK EXCHANGE HAS APPROVED WITHDRAWAL OF LISTING OF HDRS ON HK STOCK EXCHANGE EFFECTIVE 2 MARCH 2018.  Full Article

Tapestry Inc Announces Board Approval For Withdrawal Of Listing Of HDRS On HK Stock Exchange
Friday, 1 Dec 2017 

Dec 1 (Reuters) - Tapestry Inc ::‍BOARD APPROVED PROPOSAL FOR WITHDRAWAL OF LISTING OF HDRS ON HONG KONG STOCK EXCHANGE.‍IF PROPOSAL APPROVED, WITHDRAWAL OF LISTING OF HDRS IS EXPECTED TO BECOME EFFECTIVE ON 2 MARCH 2018​.  Full Article

Tapestry says ‍board of directors has declared a quarterly cash dividend of $0.3375 per common share​
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Tapestry Inc :Tapestry Inc - ‍board of directors has declared a quarterly cash dividend of $0.3375 per common share​.  Full Article

Tapestry's Q1 gross margins pressured on Kate Spade integration
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Tapestry Inc :Tapestry CEO - Co on track to drive double-digit growth for the year at Stuart Weitzman -conf call.Tapestry CEO - Q1 gross margins were negatively impacted by about 130 basis points due to addition of Kate Spade -conf call.Tapestry - Q1 impacted by higher SG&A due to an increase in Coach brand expenses versus prior year on lower level of sales, addition of Kate Spade.Tapestry - Inventory levels at quarter-end were $853 million, including about $283 million associated with Kate Spade.Tapestry - Expect to reduce outstanding borrowings to $1.9 billion by end of fiscal 2018 with repayment of an $800 million, 6-month term loan with excess cash.Tapestry - experienced disruption to Jacksonville, Florida distribution center in Q1, which services all of co's North America business due to hurricanes.Tapestry Executive - "With those factors once in play (hurricanes, typhoons), we estimate that our global comp would've been positive in the quarter (Q1)".Tapestry CFO- Kate Spade's synergies are split evenly between cost of goods sold and SG&A of co.  Full Article

Hurricanes cause disruptions in Tapestry's Florida facility in Q1
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Tapestry Inc :Tapestry- Movement of mid-autumn festival, reduced Chinese tourist flows, stockouts and shortages of certain products hurt sales in Q1 -conf call.Tapestry- Due to hurricanes in North America, typhoons in Asia experienced disruption to Jacksonville, Florida distribution center in Q1.Tapestry- Due to hurricanes there was disruption in Jacksonville, Florida distribution center in receiving shipments into facility and sending inventory out to stores.Tapestry - Q1 sales at POS declined due to the rapid impact of spring 2017 door closures.  Full Article

Tapestry reports Q1 earnings per share $0.42
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Tapestry Inc :Tapestry, Inc. reports fiscal 2018 first quarter results.Q1 earnings per share $0.42.Q1 same store sales fell 2 percent.Q1 earnings per share view $0.36 -- Thomson Reuters I/B/E/S.Sees FY 2018 revenue up about 30 percent.Sees FY 2018 revenue $5.8 billion to $5.9 billion.Q1 sales $1.29 billion versus I/B/E/S view $1.31 billion.Q1 non-GAAP earnings per share $0.42.Tapestry Inc - ‍Maintains fiscal 2018 guidance​.Tapestry Inc - ‍Expect to achieve run-rate synergies of approximately $100 to $115 million in fiscal 2019 versus previous guidance of $50 million​.FY2018 earnings per share view $2.36, revenue view $5.86 billion -- Thomson Reuters I/B/E/S.Tapestry -‍ Coach comparable store sales impacted by both expected calendar shifts & inventory challenges, unanticipated natural disasters​ in quarter.Tapestry Inc - ‍Recorded charges of approximately $188 million, which relate to purchase and integration of Kate Spade​, in quarter on a reported basis.Tapestry Inc - Qtrly‍​ global comparable store sales declined 2% for Coach.Tapestry Inc - ‍Run-rate synergies of about $100 to $115 million in fiscal 2019 expected from Kate Spade acquisition​.  Full Article

Coach Inc to change its name to Tapestry Inc
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - Coach Inc :Coach, Inc. to change its name to Tapestry, Inc..Coach Inc - ‍announced that it will be changing its name to Tapestry Inc effective October 31​.Coach Inc - co's common stock, traded on new york stock exchange under symbol COH, will change to TPR on October 31​.  Full Article

Bhartiya International gets ‍order to supply finished leather to Coach Inc​
Monday, 9 Oct 2017 

Oct 9 (Reuters) - Bhartiya International Ltd ::Says got ‍order to supply finished leather to Coach Inc​..  Full Article

Amundi reports 5.9 pct passive stake in Coach Inc as on Dece 31, 2016
Tuesday, 14 Feb 2017 

Amundi:Amundi reports 5.9 percent passive stake in Coach inc as on December 31, 2016 - Sec Filing.  Full Article

Coach reports Q1 adj EPS $0.45; maintains 2017 forecast
Tuesday, 1 Nov 2016 

Coach Inc : Maintains fiscal 2017 guidance . Inventory was $547 million at end of quarter versus ending inventory of $575 million in year ago period . Coach - qtrly total North American coach brand sales decreased 3% on both a reported and constant currency basis to $545 million versus $561 million last year . Qtrly international coach brand sales rose 7% to $395 million on a reported basis from $369 million last year . Qtrly greater china sales were approximately even with prior year in dollars and increased 5% on a constant currency basis . Qtrly aggregate North American comparable store sales increased approximately 2% . Continue to expect Stuart Weitzman's sales to increase at a double-digit pace this fiscal year . During q1 of fy17 recorded charges of approximately $7 million, primarily related to organizational efficiency costs . During q1 of fy17, recorded charges of approximately $4 million associated with acquisition of Stuart Weitzman . Coach Reports fiscal 2017 first quarter results; drives double-digit earnings growth . Q1 earnings per share $0.42 . Q1 earnings per share view $0.45 -- Thomson Reuters I/B/E/S . Q1 sales $1.04 billion versus i/b/e/s view $1.07 billion .Q1 non-gaap earnings per share $0.45.  Full Article

BRIEF-Tapestry Sets Quarterly Cash Dividend Of $0.3375 Per Share

* SETS QUARTERLY CASH DIVIDEND OF $0.3375PER SHARE Source text for Eikon: Further company coverage: