Tapestry, Inc. (NYSE:TPR): Riding High Street Estimates
Tapestry, Inc.'s shares have surged in recent times, driven by a bullish thesis on the company's potential for growth and profitability. The company's handbag segment, Coach, has seen significant popularity among Gen Z customers, contributing to its decade-high sales levels. With estimates of 5% growth in the Coach segment, Tapestry's EPS is poised to exceed $5 in FY2025 and potentially reach $6 by FY2026.
- The bullish thesis on TPR highlights the importance of understanding the factors driving growth in the luxury accessories industry, particularly among younger consumers.
- What role will the company play in shaping the future of sustainable fashion, as growing concerns about environmental impact and social responsibility become increasingly mainstream?