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Stock impact report

Spotting Winners: Tapestry (NYSE:TPR) And Apparel, Accessories and Luxury Goods Stocks In Q4 [Yahoo! Finance]

Tapestry, Inc. (TPR) 
Last tapestry, inc. earnings: 4/30 06:45 am Check Earnings Report
US:NYSE Investor Relations: tapestry.com/investors
Company Research Source: Yahoo! Finance
Within apparel and accessories, not only do styles change more frequently today than decades past as fads travel through social media and the internet but consumers are also shifting the way they buy their goods, favoring omnichannel and e-commerce experiences. Some apparel, accessories, and luxury goods companies have made concerted efforts to adapt while those who are slower to move may fall behind. The 18 apparel, accessories and luxury goods stocks we track reported a weaker Q4; on average, revenues missed analyst consensus estimates by 1.1%, while next quarter's revenue guidance was 4.2% below consensus. Inflation progressed towards the Fed's 2% goal at the end of 2023, leading to strong stock market performance. The start of 2024 has been a bumpier ride, as the market switches between optimism and pessimism around rate cuts due to mixed inflation data, and apparel, accessories and luxury goods stocks have had a rough stretch, with share prices down 12.9% on average since the Show less Read more
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