TAPESTRY ($NYSE:TPR) announced on June 30, 2023 that their earnings results for the fourth quarter of the 2023 fiscal year had total revenues of USD 1619.5 million, a marginal decrease of 0.3% from the same quarter in 2023. Net income for the quarter amounted to USD 224.1 million, an 18.7% increase over the same period the prior year.
GoodWhale has conducted a financial analysis of TAPESTRY and based on their Risk Rating, TAPESTRY is a high risk investment. GoodWhale has identified three risk warnings in income sheet, balance sheet, and non-financial aspects. The analysis has revealed that TAPESTRY’s income sheet is likely to show instability in the near future, their balance sheet is potentially vulnerable to adverse changes in the market, and there are potential risks in the non-financial aspects of the business such as changing consumer tastes or regulatory changes. For more detailed information and to access the full financial report, register with GoodWhale. By doing so, you can access our comprehensive analysis of TAPESTRY’s performance and risks, as well as other features such as interactive charts and commentary from industry experts. With GoodWhale, you can make better informed decisions when it comes to investing in TAPESTRY. More…
Risk Rating Analysis
Star Chart Analysis
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Tapestry. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tapestry. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Tapestry. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Tapestry are shown below. More…
Income Statement Ratios
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In the luxury goods industry, Tapestry Inc. competes against companies like CCC SA, Prada SpA, and Nordstrom Inc. While each company has its own unique strengths, Tapestry Inc. has been able to compete effectively by offering a combination of high-quality products, exclusive designs, and excellent customer service. As a result, Tapestry Inc. has been able to maintain a loyal customer base and grow its business.
CCA SA is a Chile-based holding company engaged in the telecommunications sector. The Company’s main shareholder is América Móvil, S.A.B. de C.V. (AMX), through its subsidiary Telmex Internacional, S.A.B. de C.V. (Telmex). CCA SA’s subsidiaries include VTR Chile S.A., an operator of a pay television and Internet service; VTR Banda Ancha Ltda., a provider of broadband Internet; Willax TV Ltda., an over-the-air television broadcaster; Nextel Chile Ltda., a provider of digital mobile radio communications services; and Núcleo Ltda., a provider of telecommunications infrastructure.
Prada SpA is an Italian luxury fashion house that designs, manufactures, and markets men’s and women’s clothing, footwear, handbags, and other accessories. The company has a market cap of 96.72B as of 2022 and a Return on Equity of 11.91%. Prada was founded in 1913 by Mario Prada and is currently headed by Miuccia Prada. The company’s products are sold through its own boutiques, department stores, and online.
Nordstrom, Inc. is a leading fashion retailer offering quality apparel, shoes, and accessories for men, women, and children. Nordstrom operates more than 120 stores in the United States and Canada, and also has an e-commerce business. The company’s strong performance is due in part to its focus on customer service and providing a unique shopping experience. Nordstrom’s market cap is 3.15B as of 2022, and its ROE is 70.09%. Nordstrom is a publicly traded company on the Nasdaq stock exchange.
Investors will likely be viewing TAPESTRY‘s Q4 2023 earnings results as a mixed bag. Revenue for the quarter decreased 0.3% year-over-year, yet the company managed to increase its net income by 18.7%. This should be seen as a positive, as it shows that TAPESTRY is finding ways to become more cost-effective. Investors will want to keep an eye on the company’s performance in the quarters ahead to see if they can continue this trend of increasing profitability.