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Tapestry Inc

TPR.N

Latest Trade

16.36USD

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52 Week Range

10.18

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30.40

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Tapestry Inc Says Interim CEO's FY20 Total Compensation Was $5.3 Mln - SEC Filing

Sept 25 (Reuters) - Tapestry Inc <TPR.N>::TAPESTRY INC SAYS INTERIM CEO JOANNE CREVOISERAT'S FY 2020 TOTAL COMPENSATION WAS $5.3 MILLION - SEC FILING.TAPESTRY INC SAYS FORMER CEO VICTOR LUIS' FY 2020 TOTAL COMPENSATION WAS $8.1 MILLION VERSUS $12.4 MILLION IN FY 2019.TAPESTRY INC SAYS FOR FY 2020, CEO PAY RATION WAS 172 TO 1.

Tapestry Reports Q4 Loss Per Share $1.06

Aug 13 (Reuters) - Tapestry Inc <TPR.N>::TAPESTRY, INC. REPORTS FISCAL 2020 FOURTH QUARTER AND FULL YEAR RESULTS.Q4 LOSS PER SHARE $1.06.Q4 SALES $715 MILLION VERSUS $1.51 BILLION.Q4 NON-GAAP LOSS PER SHARE $0.25.ANNOUNCES ACCELERATION PROGRAM WITH MULTI-YEAR INITIATIVES TO DRIVE PROFITABLE GROWTH.ENDING YEAR WITH $1.4 BILLION IN CASH AND SHORT TERM INVESTMENTS.ESTIMATES THAT IT WILL REALIZE APPROXIMATELY $300 MILLION IN GROSS RUN RATE EXPENSE SAVINGS FROM ACCELERATION INITIATIVES.NET SALES FOR COACH TOTALED APPROXIMATELY $517 MILLION FOR THE FISCAL FOURTH QUARTER AS COMPARED TO $1.10 BILLION IN THE PRIOR YEAR.NET SALES FOR KATE SPADE TOTALED $164 MILLION FOR THE FISCAL FOURTH QUARTER AS COMPARED TO $332 MILLION IN THE PRIOR YEAR.INVENTORY WAS $737 MILLION AT END OF QUARTER VERSUS ENDING INVENTORY OF $778 MILLION IN YEAR AGO PERIOD.RECORDED $117 MILLION OF PRE-TAX IMPAIRMENT CHARGES IN Q4.NOT PROVIDING DETAILED GUIDANCE FOR FISCAL 2021.UNDER ACCELERATION PROGRAM, EXPECTS TO INCUR TOTAL CHARGES OF APPROXIMATELY $185 TO $200 MILLION.NOT PROVIDING COMPARABLE STORE SALES FIGURES FOR QUARTER.TAPESTRY - EXPECTS TO INCUR ABOUT $100 TO $115 MILLION ADDITIONAL CHARGES UNDER ACCELERATION PROGRAM, MAJORITY IS EXPECTED TO BE RECORDED IN FISCAL 2021.WOULD EXPECT RETURN TO SUSTAINED TOPLINE GROWTH IN SECOND HALF OF FISCAL 2021.TAPESTRY - ASSUMING CONTINUED STEADY RECOVERY AS WE EMERGE FROM PANDEMIC, EXPECT RETURN TO SUSTAINED TOPLINE GROWTH IN H2 FISCAL 2021.

Tapestry Says Chairman And CEO Jide Zeitlin To Step Down

July 21 (Reuters) - Tapestry Inc <TPR.N>::TAPESTRY, INC. ANNOUNCES INTERIM LEADERSHIP CHANGES.TAPESTRY INC - CHAIRMAN AND CHIEF EXECUTIVE OFFICER JIDE ZEITLIN TO STEP DOWN.TAPESTRY INC - JOANNE CREVOISERAT, CHIEF FINANCIAL OFFICER, HAS BEEN APPOINTED INTERIM CHIEF EXECUTIVE OFFICER OF TAPESTRY, INC.TAPESTRY INC - SUSAN KROPF, COMPANY'S LEAD INDEPENDENT DIRECTOR, HAS BEEN APPOINTED CHAIR OF BOARD OF DIRECTORS.TAPESTRY INC - TODD KAHN, PRESIDENT, CHIEF ADMINISTRATIVE OFFICER AND COMPANY SECRETARY, WILL SERVE AS INTERIM CHIEF EXECUTIVE OFFICER.TAPESTRY INC - COMMENCING A SEARCH FOR A PERMANENT CEO, WHICH WILL INCLUDE INTERNAL AND EXTERNAL CANDIDATES.TAPESTRY INC - ANDREA SHAW RESNICK HAS BEEN NAMED INTERIM CHIEF FINANCIAL OFFICER OF COMPANY.TAPESTRY INC - Q4 RESULTS EXPECTED TO EXCEED INTERNAL EXPECTATIONS FROM A TOP AND BOTTOM-LINE PERSPECTIVE..TAPESTRY INC - ENDED YEAR WITH A CASH BALANCE OF ABOUT $1.4 BILLION.TAPESTRY INC - Q4 RESULTS, THOUGH PRESSURED BY COVID-19 PANDEMIC, EXCEEDED INTERNAL EXPECTATIONS FROM A TOP AND BOTTOM-LINE PERSPECTIVE.TAPESTRY INC - Q4 GROSS MARGIN EXPECTED TO EXPAND ON A Y-O-Y BASIS.TAPESTRY INC - Q4 GROSS MARGIN EXPANDED ON A YEAR-OVER-YEAR BASIS, REFLECTING LOWER PROMOTIONAL ACTIVITY.TAPESTRY INC - Q4 INVENTORY DECLINED FROM PRIOR YEAR.

Tapestry Entered Into Amendment No. 1 To Revolving Credit Facility Dated Oct 24, 2019

May 20 (Reuters) - Tapestry Inc <TPR.N>::TAPESTRY - ON MAY 19, ENTERED INTO AMENDMENT NO. 1 TO REVOLVING CREDIT FACILITY DATED AS OF OCTOBER 24, 2019.TAPESTRY - UNDER TERMS OF AMENDMENT, DURING PERIOD FROM EFFECTIVE DATE UNTIL OCT. 2, 2021, CO MUST MAINTAIN AVAILABLE LIQUIDITY OF $700 MILLION.TAPESTRY - DURING COVENANT RELIEF PERIOD, CO MUST COMPLY ON QTRLY BASIS WITH MAXIMUM NET LEVERAGE RATIO OF 4.0 TO 1.0.TAPESTRY - AN INCREASED INTEREST RATE WILL BE APPLICABLE DURING COVENANT RELIEF PERIOD WHEN CO'S GROSS LEVERAGE RATIO EXCEEDS 4.0 TO 1.0.

Tapestry Has Begun Store Reopening Process In North America, Europe And Additional Markets In Asia

May 14 (Reuters) - Tapestry Inc <TPR.N>::TAPESTRY INC - HAS BEGUN STORE REOPENING PROCESS IN NORTH AMERICA, EUROPE AND ADDITIONAL MARKETS IN ASIA.TAPESTRY INC - ABOUT 20 STORES IN EUROPE, 35 STORES ACROSS JAPAN, 35 STORES IN MALAYSIA AND NEARLY 30 STORES IN AUSTRALIA WILL BE OPEN TO CUSTOMERS.TAPESTRY INC - BY END OF WEEK, EXPECTS TO HAVE OVER 300 STORES IN NORTH AMERICA OFFERING CURBSIDE OR STORE PICKUP SERVICE.TAPESTRY INC - BEGUN STORE REOPENING PROCESS IN NORTH AMERICA, EUROPE AND ADDITIONAL MARKETS IN ASIA.

Tapestry Q3 Diluted EPS Loss 2.45 USD

April 30 (Reuters) - Tapestry Inc <TPR.N>::Q3 DILUTED EPS LOSS 2.45 USD.NET SALES TOTALED $1.07 BILLION FOR FISCAL Q3 AS COMPARED TO $1.33 BILLION IN PRIOR YEAR.NOT PROVIDING GUIDANCE FOR ITS FISCAL Q4 AND FULL YEAR 2020.IN Q3 OF FISCAL 2020, COMPANY RECORDED $267 MILLION OF IMPAIRMENT CHARGES TO INDEFINITE-LIVED BRAND INTANGIBLE ASSETS.IN Q3 OF FISCAL 2020, COMPANY RECORDED $211 MILLION OF IMPAIRMENT CHARGES TO GOODWILL FOR STUART WEITZMAN REPORTING UNIT.NET SALES FOR COACH TOTALED APPROXIMATELY $772 MILLION FOR FISCAL Q3 AS COMPARED TO $965 MILLION IN PRIOR YEAR.NET SALES FOR KATE SPADE TOTALED APPROXIMATELY $250 MILLION FOR FISCAL Q3 AS COMPARED TO $281 MILLION IN PRIOR YEAR.NOT PROVIDING COMPARABLE STORE SALES FIGURES.TAKING ADDITIONAL ACTIONS TO FURTHER STREAMLINE ITS ORGANIZATION, INCLUDING REDUCTIONS IN ITS CORPORATE AND RETAIL WORKFORCE.TAPESTRY - EXPECTS TO INCUR PRE-TAX CHARGES ASSOCIATED WITH COST ACTIONS OF ABOUT $55-$70 MILLION WHICH WILL BE REFLECTED BEGINNING IN Q4.TAPESTRY'S SUPPLY CHAIN CONTINUED TO OPERATE EFFECTIVELY OVER Q3.AS OF MID-APRIL ALL CHINA STORES WERE OPEN AND WE HAVE CONTINUED TO EXPERIENCE A GRADUAL IMPROVEMENT IN BUSINESS WEEK-TO-WEEK.QTRLY ADJUSTED LOSS PER SHARE $0.27.Q3 EARNINGS PER SHARE VIEW $-0.12, REVENUE VIEW $1.03 BILLION -- REFINITIV IBES DATA.

Tapestry, Inc. Announces Additional Responses To Covid-19

April 20 (Reuters) - Tapestry Inc <TPR.N>::TAPESTRY, INC. ANNOUNCES ADDITIONAL RESPONSES TO COVID-19.TAPESTRY INC - RE-OPENING STORES IN CHINA AS QUICKLY AS POSSIBLE.TAPESTRY INC - DRAWING DOWN $700 MILLION FROM ITS $900 MILLION REVOLVING CREDIT FACILITY TO ADD TO CASH BALANCES.TAPESTRY INC - SUSPENDING ITS QUARTERLY CASH DIVIDEND BEGINNING IN Q4 OF FISCAL 2020.TAPESTRY INC - SUSPENDING ITS SHARE REPURCHASE PROGRAM.TAPESTRY INC - AT MAY 30 COMPANY WILL FURLOUGH MOST ASSISTANT STORE MANAGERS AND SALES ASSOCIATES WHERE STORES HAVE NOT REOPENED.TAPESTRY INC - A 50% REDUCTION IN CASH COMPENSATION FOR BOARD OF DIRECTORS.TAPESTRY INC - REDUCING ITS RETAIL WORKFORCE IN NORTH AMERICA BY APPROXIMATELY 2,100 PART-TIME STORE ASSOCIATES ACROSS THREE BRANDS EFFECTIVE APRIL 25.TAPESTRY INC - A 50% SALARY REDUCTION FOR CHAIRMAN AND CHIEF EXECUTIVE OFFICER JIDE ZEITLIN.TAPESTRY INC - 50% REDUCTION IN CASH COMPENSATION FOR BOARD OF DIRECTORS.TAPESTRY INC - 50% SALARY REDUCTION FOR CHAIRMAN AND CHIEF EXECUTIVE OFFICER JIDE ZEITLIN.TAPESTRY INC - CANCELLATION OF COMPANY'S ANNUAL INCENTIVE PLAN FOR FISCAL YEAR 2020.TAPESTRY INC - ELIMINATION OF MERIT SALARY INCREASES FOR ALL EMPLOYEES FOR FISCAL YEAR 2021.TAPESTRY - ANTICIPATES MAKING ADDITIONAL CHANGES IN COMING MONTHS THAT WILL RESULT IN STREAMLINED ORGANIZATION, INCLUDING REDUCTIONS IN WORKFORCE.TAPESTRY INC - APPLYING FOR AVAILABLE GOVERNMENT PAYROLL SUBSIDY PROGRAMS IN VARIOUS COUNTRIES TO MITIGATE PAYROLL EXPENSE.

Tapestry Inc Has Extended Store Closures In N.A. And Europe For An Additional Two Weeks

April 10 (Reuters) - Tapestry Inc <TPR.N>::TAPESTRY, INC. PROVIDES COVID-19 OPERATIONAL UPDATE.TAPESTRY INC - HAS EXTENDED STORE CLOSURES IN NORTH AMERICA AND EUROPE FOR AN ADDITIONAL TWO WEEKS.TAPESTRY INC - ACROSS ALL THREE BRANDS, ESSENTIALLY ALL OF COMPANY'S STORES IN CHINA HAVE RE-OPENED.TAPESTRY INC - IN SOUTH KOREA, ALL STORES HAVE RESUMED NORMAL OPERATING HOURS.TAPESTRY - MOST OF CO'S GLOBAL DISTRIBUTION CENTERS CONTINUE TO OPERATE WITH ONLY ONE IN MALAYSIA, A THIRD PARTY FACILITY IN NEW JERSEY TEMPORARILY CLOSED.TAPESTRY INC - OVER PAST WEEKS, MANY OTHER STORES HAVE BEEN CLOSED IN ASIA PACIFIC REGION.TAPESTRY - CUSTOMERS CAN CONTINUE TO SHOP THROUGH CO'S E-COMMERCE PLATFORMS ACROSS ALL BRANDS AND REGIONS.

Tapestry, Inc.’S Response To Covid-19

March 17 (Reuters) - Tapestry Inc <TPR.N>::TAPESTRY, INC.’S RESPONSE TO COVID-19.TAPESTRY INC - COMPANY TO TEMPORARILY CLOSE ALL COACH, KATE SPADE AND STUART WEITZMAN STORES IN NORTH AMERICA AND EUROPE.TAPESTRY INC - STORES WILL BE CLOSED THROUGH MARCH 27.TAPESTRY INC - ACROSS ALL REGIONS, BRANDS WILL CONTINUE TO ENGAGE WITH CUSTOMERS THROUGH ONLINE STORES, WHICH REMAIN FULLY OPERATIONAL, AND SOCIAL MEDIA.TAPESTRY INC - EMPLOYEES AT CLOSED LOCATIONS WILL CONTINUE TO RECEIVE SCHEDULED PAY AND BENEFITS DURING TEMPORARY CLOSURE PERIOD.TAPESTRY -ADJUSTED 2020 GUIDANCE PROVIDED IN EARNINGS PRESS RELEASE FEB 6, DID NOT INCORPORATE NEGATIVE IMPACT FROM CORONAVIRUS OUTBREAK BEYOND CHINA.TAPESTRY - THERE HAVE BEEN ADDITIONAL CLOSURES IN ASIA, ONGOING TRAFFIC CHALLENGES THROUGHOUT REGION, WHICH WILL LIKELY CONTINUE FOR SOME TIME.TAPESTRY - WILL PROVIDE UPDATE ON OPERATIONAL, FINANCIAL IMPACTS OF CORONAVIRUS OUTBREAK ON ITS GLOBAL BUSINESS DURING ITS Q3 FISCAL 2020 CONFERENCE CALL.

Tapestry Says Schulman To Be Employed For Up To Six-Months After Date Of His Resignation

March 9 (Reuters) - Tapestry Inc <TPR.N>::TAPESTRY INC - SCHULMAN IS EXPECTED TO BE EMPLOYED BY COMPANY FOR UP TO SIX-MONTHS AFTER DATE OF HIS RESIGNATION.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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