Tapestry Posts Strong 2Q Performance While Executing on Business Development Initiatives
Narrow-moat Tapestry’s second-quarter results confirmed our thesis that the business will be able to sustain positive organic growth while brand elevation efforts and synergies from the Kate Spade acquisition will fuel strong profitability. Second-quarter sales grew 35% (2% excluding Kate Spade) while adjusted operating margin was 23.0% versus 22.3% in last year’s second quarter. We were encouraged to see progress on business development initiatives, with the company naming Nicola Glass as Kate ...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.