EPS better than expected.
The strong Dollar a issue as the company sees a significant drop in tourist purchases.
Low single digit growth
Modest year over year decline in Gross margin.
Repurchased $300 mil of stock, their is a future $700m to repurchase authorized.
8th consecutive quarter of growth in Coach, its largest brand.
Kate Spade had comparable store...
Post earnings the stock of NYSE:TPR spiked higher but it was short lived, losing 23% from that high, China is the obvious problem for Tapestry as tariffs are going to take a large bite out of earnings. As the rhetoric became more and more negative between the USA and China retailers have witnessed drastic declines in their share price. Since the earnings report...
Tapestry, Inc., formerly known as Coach, Inc., is a leading design house of luxury accessories and lifestyle collections. The Company's brands include Coach, Kate Spade, and Stuart Weitzman. The stock has been under pressure since August 14, 2018 when it peaked on the daily chart. At that time, the stock hit a high at $54.35 a share. Since that peak the shares...
*Kijun-Sen (blue line) is the support line (49.20) and fibonacci retracement 0,5 support level too (49.21).
*Tom Demark Count wants to start green.
*Some indicators are looking bulllish.
*Volume is increasing.