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Published
Sep 12, 2022
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Tapestry eyes $8 billion in revenues by 2025

Published
Sep 12, 2022

Tapestry Inc. announced on Friday it expects to achieve revenue of $8 billion by fiscal year 2025, reflecting a three-year compound annual growth rate (CAGR) of 6% to 7%.


Coach - Fall-Winter2022 - Womenswear - New York - © PixelFormula


At its latest investor day of September 9, the New York-based company, which owns and operates iconic brands CoachKate Spade, and Stuart Weitzman, said it expects to clock earnings per diluted share of over $5, for a low-to-mid-teens three-year CAGR by 2025.

By brand, it expects Coach revenue growth at a mid-single-digit three-year CAGR to $5.7 billion, while maintaining an operating margin of 30%, while Kate Spade revenue growth is expected to track high-single digit three-year CAGR to $1.9 billion, while expanding operating margin to mid-teens. The New York brand remains on track to achieve $2 billion in revenue and high-teens operating margin, Tapestry added.

Meanwhile, Stuart Weitzman revenue growth is forecast for low-double digit three-year CAGR to $450 million while expanding operating margin to high-single-digits, the company added.

“Over the last two years, we radically transformed our company, with a sharpened focus on the consumer and commitment to brand building, delivering standout results," ​said Joanne Crevoiserat, chief executive officer of Tapestry, Inc.

"From this strong foundation, we have tremendous runway and are poised to drive continued growth across each of our iconic brands. The environment is ever-changing, and we are ready to move at the speed of the consumer with agility and intention. Importantly, we are confident in our ability to fuel sustainable top and bottom-line gains and generate significant cash flow, creating meaningful value for all our stakeholders in the years to come.”

In achieving this forecast, Tapestry revealed its four main areas of focus for the next three years. the company highlighted its desire to build lasting customer relationships, which looks like leveraging the company's business model to drive customer value through a combination of increased acquisition, retention and reactivation; coupled with fueling fashion innovation and product excellence, which the company will achieve via sustained growth in core handbags and small leathergoods, while accelerating gains in footwear and lifestyle products. 

The company said it will also extend its omni-channel leadership, delivering growth online and in stores, as well as powering global growth -- prioritizing North America and China, its largest markets, while capitalizing on opportunities in under-penetrated geographies such as Southeast Asia and Europe.

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