Tapestry Tshuag nce thaum Capri swb tom qab cov nyiaj tau los

tapestry, lub tuam txhab tom qab Coach thiab Kate Spade, tuav cov kws tshuaj ntsuam kev cia siab rau hnub Thursday rau nws cov nyiaj khwv tau los hauv peb lub hlis thib ob thiab tsa nws cov nyiaj tau los txhua xyoo. Txawm li cas los xij, nws yog ib zaj dab neeg sib txawv rau nws cov neeg sib tw Capri tuav, uas nws hom muaj xws li Michael Kors thiab Versace.

Tapestry cov txiaj ntsig, xa cov khoom lag luam nce siab tshaj 3% hnub Thursday, tuaj ib hnub tom qab Capri qhov kev poob siab peb lub hlis twg cov nyiaj tau los qhia. Capri shares poob ntau dua 25% nyob rau hauv ob hnub dhau los tom qab nws txo nws cov nyiaj txiag lub quarter thib plaub thiab nyiaj txiag 2024 kev pom zoo, thiab nws plam kev kwv yees thoob plaws cov nyiaj tau los, EPS thiab cov paj tau paj.

ntsig txog kev nqis peev xov xwm

Tapestry tau hais tias yuav luag ib nrab ntawm nws 2.6 lab tus neeg siv khoom North American tshiab yog Gen Z thiab ntau txhiab xyoo. Nws tau tshaj tawm nce kev nce qib hauv qhov nruab nrab muag ntawm cov hnab tes, suav nrog Coach lub hnab ntim lub plawv thiab Bandit lub xub pwg hnab.

Rick Patel, tus thawj coj ntawm Raymond James, tau hais tias ob qho tib si Tapestry thiab Capri tau "ua haujlwm zoo" coj cov neeg siv khoom tshiab, hluas rau hauv lawv cov npe los ntawm kev tshaj xov xwm thiab lub vev xaib. Txawm li cas los xij, nws lees paub tias Coach hom tau ua tiav nws txoj kev mus rau kev lag luam zoo dua li Michael Kors.

Tapestry tau siv sijhawm ntau xyoo los kho nws cov npe thiab ua rau lawv cuam tshuam rau Gen Z thiab cov neeg siv khoom ntau txhiab xyoo, hais tias Ian Schatzberg, CEO thiab tus tsim ntawm lub koom haum hom phiaj General Idea, uas tau ua haujlwm nrog Capri thiab Tapestry.

Schatzberg tau hais rau CNBC Tapestry tau sim sawv cev rau pawg hnub nyoog sib txawv thiab cov neeg nyob hauv stylistic los ntawm kev nrhiav cov neeg sawv cev rau cov zej zog sib txawv thiab ua rau lawv nyob hauv lawv cov khoom. Nws hais tias qee tus neeg sib tw tsis tau ua haujlwm ntau haiv neeg cov ntsiab lus hauv lawv cov tswv yim lag luam.

"Dab tsi koj pom nrog Tapestry cov lej yog qhov qhia txog cov khoom lag luam ntawm cov hom lag luam uas tau tsom mus rau kev hloov kho tshiab txoj hauv kev uas lawv coj thiab sib txuas nrog cov neeg siv khoom uas tej zaum yuav qis dua qee qhov kev nyuaj siab tab sis tseem tab tom nrhiav yuav hnab tes, khaub ncaws, khaub ncaws sab nrauv thiab khau, "Schatzberg hais.

Tapestry tau tshaj tawm cov nyiaj tau los ntawm ib feem ntawm $ 1.36 rau hnub Thursday, topping kwv yees ntawm $ 1.27, raws li kev tshawb fawb ntawm cov kws tshuaj ntsuam xyuas los ntawm Refinitiv. Tapestry tuav EPS kwv yees peb zaug hauv plaub lub hlis dhau los.

Cov nyiaj tau los sib piv cov kws tshuaj ntsuam kev cia siab ntawm $ 2.03 nphom rau lub quarter. Qhov no yog 5% xyoo dhau ib xyoo los ntawm $ 2.14 billion.

Tuam Tshoj kev muag khoom, txawm li cas los xij, tau poob 20% vim tias muaj kev cuam tshuam ntau ntxiv cuam tshuam nrog Covid tshwm sim.

Capri tau tshaj tawm cov nyiaj tau los ntawm ob tus lej poob hauv Asia tom qab lub khw muag khoom qeeb qeeb vim qhov tshwm sim ntawm Tuam Tshoj txoj kev tsis txaus siab ntawm nws txoj cai xoom-Covid.

Patel tau hais tias "thawj tus neeg ua txhaum cai" ntawm Capri qhov kev poob qis yog qhov poob qis hauv kev lag luam wholesale - uas tsis muaj zog thoob plaws lub rooj tsavxwm rau cov khoom lag luam thoob ntiaj teb vim muaj kev sib tw cov khoom muag.

"Ib qho ntawm qhov sib txawv tseem ceeb ntawm ob lub lag luam no yog Tapestry yog kwv yees li 90% khw muag khoom thiab kev lag luam e-lag luam, thaum Capri yog kwv yees li 73% khw muag khoom thiab e-lag luam, thiab cov channel tau ua tau zoo dua," Patel hais.

Tapestry tau nce nws cov peev nyiaj xyoo 2023 kwv yees rau cov nyiaj tau los ntawm $ 3.70 txog $ 3.75 ib feem, piv rau nws qhov kwv yees ua ntej ntawm $ 3.60 txog $ 3.70. Nws kwv yees nyiaj txiag xyoo 2023 cov nyiaj tau los ntawm kwv yees li $ 6.6 nphom, poob qis me ntsis ntawm xyoo dhau los.

Schatzberg tau hais tias qhov tseem ceeb ntawm Tapestry txoj kev vam meej yog nws qhov tseem ceeb ntawm kev tsim cov dab neeg thiab cov lus piav qhia nyob ib puag ncig nws cov khoom. Nws cia siab tias muaj kev sib tw hnyav ntawm cov tuam txhab khoom kim heev uas siv tau rau ob peb xyoos tom ntej no txhawm rau txhawm rau ua lag luam lag luam thiab nyiam cov neeg tuaj saib hluas.

Schatzberg tau hais tias "Yog tias zaj dab neeg tsis sib haum, thiab cov khoom lag luam tsis sib haum rau qhov chaw ntawm cov neeg siv khoom, nws tsuas yog tsis muaj kev vam meej, uas yog kev sib tham tiag tiag txog kev lag luam lag luam," Schatzberg tau hais.

Aspirational khoom kim heev cov tuam txhab xws li Tapestry thiab Capri tau sib tw nrog kev sib tw tawm tsam cov tuam txhab European loj, uas cov neeg siv khoom muaj txiaj ntsig zoo thiab cov neeg yuav khoom zoo ib yam. Qee lub khw muag khoom kim heev European tau tsim cov khoom lag luam ntawm tus nqi dav dua uas cuam tshuam lub sijhawm ntawm cov tuam txhab suav nrog Capri lossis Tapestry.

"Vim tias muaj kev nce nqi thiab lwm qhov kev lag luam macro uas cov tuam txhab no tab tom ntsib hauv ib puag ncig no, kuv xav tias cov neeg siv khoom siab dua yog cov neeg siv khoom zoo dua li cov neeg siv khoom kim heev," Raymond James' Patel tau hais. "Qhov ntawd cuam tshuam rau cov txiaj ntsig zoo sib xws ntawm lwm cov tuam txhab no."

Txawm hais tias cov cua daj cua dub no, Raymond James tuav qhov kev ntaus nqi ntawm Tapestry thiab Capri, txawm hais tias nws tau txo qis Capri lub hom phiaj rau $ 60 los ntawm $ 73 ntawm kev kwv yees qis.

"Txawm hais tias qee qhov teeb meem ntawm cov channel, kuv ntseeg tias ... hom thiab cov khoom lag luam affinity tseem muaj txiaj ntsig zoo, thiab peb kuj xav tias qhov kev cia siab rau kev rov ua dua tshiab hauv Suav teb xyoo 2024 yog qhov tsim nyog," Patel tau hais.

Lub tuam txhab zam Ralph Lauren tseem tuav lub quarter thib peb kev cia siab rau hnub Thursday. Lub tuam txhab tau tshaj tawm 1% nce hauv cov nyiaj tau los rau $ 1.83 billion, piv nrog Refinitiv kwv yees ntawm $ 1.76 billion.

Txawm hais tias muaj 2% poob ntawm cov nyiaj tau los hauv North America, Ralph Lauren tau hais tias tib lub khw muag khoom tau nce 2%. Lub tuam txhab tau hais tias nws pom kev loj hlob ntawm kev tau txais cov neeg siv khoom hluas coj los ntawm kev paub txog cov khoom lag luam.