luxury brand stock faces challenges amid expansion By Investing.com
Tapestry, Inc. (NYSE:), the New York-based luxury lifestyle brand company with a market capitalization of $15.75 billion, has been navigating a complex market landscape characterized by shifting consumer trends and strategic expansion efforts. According to InvestingPro data, the company’s stock has shown remarkable strength, delivering an 88% return over the past year. The company, which owns iconic brands such as Coach , Kate Spade, and Stuart Weitzman, has demonstrated resilience in its financial performance while facing challenges in key markets and with its smaller brands.
Financial Performance
Tapestry’s recent financial results have shown a mixed picture. The company generated total revenue of $6.67 billion in the last twelve…
