Neutral
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Seeking Alpha
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vor 5 Monaten
Tapestry delivered record revenue, operating profit, and EPS, driven by robust global growth and Coach's strong performance. TPR's profitability improved significantly, with operating margin rising from 22.4% to 28.6% and gross margin reaching 75.5%. Despite strong fundamentals and shareholder returns, TPR now trades at a significant premium to sector and historical multiples.