Share to Twitter Share to Linkedin Tapestry (NYSE: TPR) stock, a luxury goods retailer of handbags, shoes, and accessories under the Coach, Kate Spade, and Stuart Weitzman brands, has increased by almost 13% over the last five trading days (one week) and currently stands at around $32. In comparison, the broader S&P500 index increased only marginally over the same period. The retailer’s stock jumped on beating both top and bottom lines in the recent fiscal third quarter in the face of a high inflationary environment. In Q3, the company’s revenue grew 13% year-over-year (y-o-y) to $1.4 billion and remained flat in adjusted earnings per share to $0.51. The company continued to leverage its digital scale to bring in new customers and develop a sustainable advertising budget during the quarter. It’s worth noting that the company acquired 1.4 million new customers and enjoyed a 13% increase in sales despite slowdowns in Asia. Tapestry’s fiscal 2022 … [Read more...] about Should You Buy Tapestry’s Stock Post Fiscal Q3?
Share to Twitter Share to Linkedin The shares of Vail Resorts (NYSE: MTN) have observed a sizable sell-off in recent months as rising inflation, countermeasures by the Fed, and the Russia-Ukraine war have lowered long-term investor sentiments. The company provides mountaineering-related services including ski school, mountain biking, hiking, and lodging in the U.S. and Canada. Per their investor presentation, the company is projecting 20% growth in lift pass revenues in FY 2022 – indicating high demand for Vail’s ski passes for the quarter ending April (Q3 FY2022). Trefis highlights the historical trends in Vail Resort’s revenues across different quarters over the last two years in an interactive dashboard analysis. How did Vail Resorts perform in 2021? In 2021, Vail Resorts reported $1.9 billion of total revenues – just 16% lower than pre-pandemic levels. The company’s top line observed strong growth before the pandemic, largely assisted by … [Read more...] about Time To Take Positions In Vail Resorts Stock?