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Tapestry Inc.
Tapestry is a multinational luxury fashion company. It is based in New York City and is the parent company of major brands like Coach New York and Kate Spade New York. The company’s products are based on great design, quality, and craftsmanship. TPR stock currently trades at $46.08 as of 12:54 p.m. ET and has been up by over 200% in the last year. Earlier today, the company reported its third-quarter financials for fiscal 2021.
Source: TD Ameritrade TOS
In detail, its results were significantly ahead of expectations, with operating income exceeding pre-pandemic levels. Net sales for the quarter was $1.27 billion, a 19% increase year-over-year. It delivered robust sales growth this quarter that was led by its digital segment and China market. Digital sales experienced triple-digit growth compared to a year ago and revenue from China increased by approximately 175% year-over-year. Gross profit for the quarter was $912 million. ....

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