Últimas noticias sobre Tapestry (NYSE:TPR) Bolsa

Tapestry

Coach, Kate Spade, and Stuart Weitzman are Tapestry's fashion and accessory brands. The firm's products are sold through about 1,400 company-operated stores, wholesale channels, and e-commerce in North America (64% of fiscal 2024 sales), Europe, Asia (29% of fiscal 2024 sales), and elsewhere. Coach (76% of fiscal 2024 sales) is best known for affordable luxury leather products. Kate Spade (20% of fiscal 2023 sales) is known for colorful patterns and graphics. Women's handbags and accessories produced 69% of Tapestry's sales in fiscal 2024. Stuart Weitzman (4% of sales) generates virtually all its revenue from women's footwear. In August 2023, Tapestry agreed to acquire rival Capri and its three brands, Michael Kors, Versace, and Jimmy Choo.

Tapestry Inc

Topre Corp

Aris Mining Corp

TRAVIS PERKINS S/ADR by Travis Perkins Plc

Travis Perkins PLC

TOWER PROPERTIES CO NEW by Tower Properties Company

Tower Properties Co

Aris Mining Corp Warrants (30/04/2024)

Enzo Biochem (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENZ#NYSE">ENZ</a>) reported quarterly losses of $(0.01) per share. The company reported $7.53 million in sales this quarter.

Earnings

News

Enzo Biochem Q4 EPS $(0.01), Sales $7.53M; Cash $52.4M

Following an extensive review of a range of alternatives led by the Board of Directors, Oportun has entered into a Credit Agreement to refinance its existing corporate financing facility with a new $235 million Senior Secured Term Loan ("Term Loan"). The refinancing will improve Oportun's operational and balance sheet flexibility with covenants that reflect the performance improvements made by the Company to date, including the agreement to sell the Company's credit card portfolio, and reward accretive actions and cash flow generation. The Term Loan will be provided by two firms (the "Lenders"), funds managed by Castlelake L.P., a global alternative investment manager specializing in asset-based private credit that led the refinancing, and funds managed by Neuberger Berman, a private employee-owned investment manager. The Term Loan will carry a 15% fixed rate and mature in November 2028.

OPRT

Reported Earlier, Oportun Enhances Capital Structure With $235M Term Loan To Strengthen Profitability And Balance Sheet Flexibility

VERA

Reported Earlier, Vera Therapeutics Prices $300M Public Offering Of 7,142,858 Class A Common Shares At $42/Share

Delek Logistics Partners, LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKL#NYSE">DKL</a>) ("Delek Logistics") today declared its quarterly cash distribution for the third quarter 2024 of $1.10 per common limited partner unit, or $4.40 per common limited partner unit on an annualized basis. The third quarter 2024 cash distribution is payable on November 14, 2024, to unitholders of record on November 8, 2024.

Dividends

Reported Earlier, Delek Logistics Partners Increased Its Quarterly Cash Distribution To $1.10 Per Unit From $1.09 In Prior Quarter, Payable November 14

PRCT

Reported Earlier, PROCEPT BioRobotics Prices $175M Public Offering Of 1,923,076 Common Shares At $91/Share

In a recent discussion, Elon Musk shared his vision for the future of artificial intelligence, predicting that AI could reach human-level capabilities by 2029. This statement was made during a conversation at the King Abdulaziz International Conference Center in Riyadh on October 29, 2024.
What Happened: During the event, Musk engaged in a dialogue with Dr. Peter H. Diamandis, founder and executive chairman of the XPRIZE Foundation, about the rapid pace of AI development. Musk highlighted that AI is advancing at an impressive rate, improving roughly tenfold each year. 
&#8220;I certainly feel comfortable saying that it&#8217;s getting 10 times better per year which is, let&#8217;s say, four years from now that would mean 10,000 times better,&#8221; Musk said.
&#8220;How much longer does it take to be able to do what all humans can do combined? I think not not long, probably only, I don&#8217;t know, 3 years from that point so it will be like 2028, 2029.&#8221;
This aligns with his earlier remarks at the Abundance Summit in March.
Musk also increased his estimation that AI advancements will be positive. He said, &#8220;Overall, one could say the cup is 80% full in one positive way to look at it, maybe 90%.&#8221;
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Elon Musk and Dr. Peter Diamandis #FII8 Conversation on the Future of #AI" width="500" height="281" src="https://www.youtube.com/embed/3JkkWfzc4Jg?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
See Also: <a href="https://www.benzinga.com/news/24/10/41481008/the-guy-who-tracked-elon-musk-taylor-swifts-private-jet-wants-to-know-whos-behind-his-suspended-soci?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">The Guy Who Tracked Elon Musk, Taylor Swift&#8217;s Private Jet Wants To Know &#8216;Who&#8217;s Behind&#8217; His Suspended Social Media Accounts: &#8216;&#8230;Until Someone Threatens You Or Tells You To Do This&#8217;</a>
Why It Matters: Musk&#8217;s predictions come amidst ongoing discussions about the impact of AI on the workforce. In May, Musk addressed concerns about <a href="https://www.benzinga.com/news/24/05/39020980/elon-musk-reveals-the-biggest-benefit-of-ai-replacing-human-jobs-in-a-benign-scenario">AI replacing human jobs</a>, suggesting that in a &#8220;benign scenario,&#8221; AI could lead to a future where humans no longer need to work, with universal high income and no shortage of goods or services. 
Additionally, in September, Musk agreed with Nvidia Corporation CEO Jensen Huang&#8216;s <a href="https://www.benzinga.com/news/24/09/40931686/elon-musk-agrees-with-nvidia-ceo-jensen-huangs-vision-of-a-future-where-well-have-our-own-ai-powered">vision of a future</a> where individuals have AI-powered personal assistants, akin to Star Wars&#8217; R2-D2. This concept envisions digital agents that grow smarter over time, assisting users in their daily tasks. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41562899/iranian-hackers-leak-stolen-trump-campaign-emails-ex-gop-strategist-predicts-victory-for-kamala-harr?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Iranian Hackers Leak Stolen Trump Campaign Emails, Ex-GOP Strategist Predicts Victory for Kamala Harris And More: This Week In Politics</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Image via Wikimedia

Tech

General

TSLA

Elon Musk Predicts AI Will Match Human Capabilities In Few Years: 'The Cup Is 80% Full...Maybe 90%'

SHPH

Reported Earlier, Shuttle Pharmaceuticals Prices $4.5M Public Offering Of 2,950,820 At-The-Market Under Nasdaq Rules

During its <a href="https://www.benzinga.com/news/earnings/24/10/41612544/snap-q3-earnings-revenue-beat-eps-beat-500m-buyback-ai-update-and-more">third-quarter earnings</a> call on Tuesday, Snap Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) highlighted strong growth in daily active users and promising early results from its new ad formats and &#8220;Simple Snapchat&#8221; layout.
What Happened: During the earnings call Snap&#8217;s CEO and co-founder Evan Spiegel, said that the daily active users on the platform have increased to 443 million, with significant&nbsp;engagement in international markets.
He went on to talk about &#8220;Simple Snapchat,&#8221; a major redesign focused on improving user experience through streamlined navigation and easier content discovery.
Announced at the company's annual Partner Summit, &#8220;Simple Snapchat&#8221; is currently in testing. Early results, particularly on Android, have been positive.
&#8220;Approximately 10 million Snapchatters using Simple Snapchat across dozens of countries,&#8221;&nbsp;said Spiegel.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/10/41563594/ai-demand-fuels-record-profits-chip-controversies-and-tech-giants-redefine-ai-landscape-this-week-in?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">AI Demand Fuels Record Profits, Chip Controversies, And Tech Giants Redefine AI Landscape: This Week In The World Of Artificial Intelligence</a>
The Snap CEO also discussed two new ad formats,&nbsp;Sponsored Snaps, and Promoted Places,&nbsp;saying that these are expected to fuel&nbsp;future revenue growth by offering&nbsp;more targeted ad placements.
Moreover, he said that small-&nbsp;and medium-sized businesses have shown strong adoption, contributing to a doubling of active advertisers year-over-year,&nbsp;thanks to new tools like&nbsp;Snap Promote and expanded Campaign&nbsp;API integrations.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Snap reported third-quarter revenue of $1.373 billion, <a href="https://www.benzinga.com/calendars/earnings">surpassing the consensus estimate</a> of $1.358 billion, according to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
The social media company also posted adjusted earnings of 8 cents per share, beating analyst expectations of 5 cents per share.
In September it was reported that Snap's stock had <a href="https://www.benzinga.com/markets/equities/24/09/40699921/snap-ceo-evan-spiegel-announces-focus-on-ad-business-and-ar-amid-still-competition-from-tiktok-a">declined about 45% this year</a>. In response, the company plans to launch new ad placements powered by machine learning and automation.
Last month, the company also&nbsp;<a href="https://www.benzinga.com/news/24/09/40909648/snap-unveils-smart-glasses-to-bring-ar-technology-to-physical-world-what-investors-need-to-know">unveiled smart glasses</a> to bring AR technology to the physical world, further underscoring its commitment to AR.
The focus on ad business and augmented reality was announced by Spiegel earlier this year, amid stiff competition from major social media platforms like Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and ByteDance-owned TikTok.
Photo by Sergei Elagin on Shutterstock
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41593651/how-to-unlock-apple-intelligence-on-your-iphone-with-ios-18-1?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">How To Unlock Apple Intelligence On Your iPhone With iOS 18.1</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

SNAP

Snap Touts New Ad Formats And 'Simple Snapchat' — 10M Users Trial Growth-Driving Feature

Japanese automaker&nbsp;Toyota Motor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) said on Wednesday that it sold 853,149 Toyota and Lexus brand vehicles worldwide in September, a drop of 7.4% from September 2023, marking four consecutive months of drop in sales. 
What Happened:&nbsp;The dip in global sales was spurred by a sales decline in Japan, the U.S., and China. 
The company's sales in Japan dipped by 6.3% year-on-year to 135,179 units owing to the operation suspension caused by Typhoon No.10 to the end of August. 
In the U.S., sales dipped 20.3% due to the product suspension caused by the&nbsp;<a href="https://www.benzinga.com/markets/equities/24/06/39530068/toyota-issues-recall-of-over-145-000-vehicles-amid-production-decline-in-may-whats-going-on" target="_blank" rel="noreferrer noopener">recall of the Lexus TX and Toyota Grand Highlander</a>&nbsp;in June in addition to impacts from the hurricane to the end of September. 
In China, too, sales fell 9.2% to 160,457 units owing to &#8220;continued severe market conditions&#8221; including an intensifying price war, the company said.
Production worldwide fell 8.3% to 826,556 units in September, marking the <a href="https://www.benzinga.com/news/24/09/41063317/toyotas-global-output-tumbles-11-after-suspension-of-production-of-2-suvs-in-north-america">eighth consecutive month of decline</a>. The decline was spurred by a decline in production in Japan and China where production fell 10.6% and 18.8%, respectively. 
Toyota's&nbsp;EV Sales:&nbsp;Toyota sold 403,221 electrified Toyota and Lexus vehicles globally in September, marking a jump of about 16% from Sept. 2023.&nbsp;<a href="https://www.benzinga.com/markets/asia/24/09/40745366/toyota-scales-back-2026-ev-production-plans-by-30-trims-target-to-1m-cars-as-global-demand-weakens-r" target="_blank" rel="noreferrer noopener">Electrified vehicles</a>&nbsp;refer to hybrids, plug-in hybrids, battery electric vehicles, mild hybrids, and fuel-cell electric vehicles.
Pure electric vehicles or BEVs accounted for just 2.8% of Toyota's overall electrified vehicle sales last month.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41617327/lucid-to-start-taking-orders-for-gravity-suv-next-week-but-only-for-premium-variant-priced-at-about">Lucid To Start Taking Orders for Gravity SUV Next Week, But Only For Premium Variant Priced At About $95,000</a></li>
</ul>
Photo courtesy: Toyota

Global

Toyota's Global Sales Drop For 4th Straight Month In September As US, China Sales Tumble Due To Recalls, Price War

Buybacks

KGEI

Reported Earlier, Kolibri Global Energy Sets Up Automatic Securities Plan For Strategic Share Buyback

EyePoint intends to use the net proceeds that it will receive from the offering to advance clinical development of DURAVYU&#x2122; for wet age related macular degeneration (wet AMD) and diabetic macular edema (DME), as well as support its earlier stage pipeline development initiatives, and for general corporate purpose

EYPT

Reported Earlier, EyePoint Pharmaceuticals Prices Upsized $140M Public Offering Of 12,727,273 Common Shares At $11/Share

Macro Economic Events

Econ #s

Economics

France Gross Domestic Product (YoY) Preliminary For Q3 1.3% Vs. 1.0% Prior

New investments will respond to trends in energy transition and increasing power demand

MIELF

MIELY

Reported Earlier, Mitsubishi Electric Expands Global Energy Production With $110M Investment In Facilities In U.S. and Japan

THRY

Reported Earlier, Thryv Holdings Prices Upsized $80M Public Offering Of 5,715,000 Common Shares At $14/Share

Outlook and Guidance
Outlook
<ul>
<li>Q4 2024: We expect a mid-single-digit organic sales decline, year-over-year.</li>
<li>FY 2024: We expect a mid-single-digit organic sales decline, year-over-year.</li>
</ul>
Guidance Q4 2024
<ul>
<li>Currency impact on the operating profit is expected to be around SEK 250 million negative compared with the fourth quarter 2023, based on exchange rates per 30 September 2024.</li>
</ul>
Guidance FY 2024
<ul>
<li>Tax level excluding effects related to divested businesses: around 26%.</li>
<li>Additions to property, plant and equipment: around SEK 5 billion.</li>
</ul>

Guidance

SKFRY

SKF Expects A Mid-Single-Digit Organic Sales Decline YoY, For Both Q4 And Fiscal 2024

France Gross Domestic Product (QoQ) Preliminary For Q3 0.4% Vs. 0.3% Est.; 0.2% Prior

France Consumer Spending (MoM) For September 0.1% Vs. 0.1% Est.; 0.4% (Revised) Prior

SKF (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SKFRY#OTC">SKFRY</a>) reported quarterly adjusted earnings of $0.39 per share which beat the analyst consensus estimate of $0.35 by 11.43 percent. This is a 7.14 percent decrease over earnings of $0.42 per share from the same period last year. The company reported quarterly sales of $2.27 billion which missed the analyst consensus estimate of $2.44 billion by 6.80 percent. This is a 4.61 percent decrease over sales of $2.38 billion the same period last year.

SKF Q3 EPS Adj. $0.39 Beats $0.35 Estimate, Sales $2.27B Miss $2.44B Estimate

Outlook
In the third quarter of 2024 we saw strong client activity against a market backdrop that, while constructive, still exhibited periods of high volatility and dislocation.
Entering the fourth quarter, we see a continuation of these market conditions sustained by the prospects of a soft landing in the US economy. However, the macroeconomic outlook in the rest of the world remains clouded. In addition to seasonality, the ongoing geopolitical conflicts and the upcoming US elections are creating uncertainties that are likely to affect investor behavior.
In the fourth quarter, we anticipate a mid-single digit decline in net interest income in Global Wealth Management and a low single-digit decline in Personal &amp; Corporate Banking. Non-core and Legacy is expected to generate a quarterly pre-tax loss in line with our earlier guidance.
The Group's non-personnel costs are expected to show a seasonal sequential uptick. The Group's quarterly tax rate is expected to be around 35%. Integration-related expenses are expected to be around USD 1.2bn and accretion of PPA effects to contribute around USD 0.5bn to the Group's total revenues.
As we stay close to clients, helping them navigate this environment, and execute on our priorities, we will continue to invest to drive sustainable long-term value for our stakeholders while maintaining a balance sheet for all seasons.

UBS Expects A Mid-Single-Digit Decline In Q4 Net Interest Income For Global Wealth Management And A Low Single-Digit Drop In Personal & Corporate Banking

UBS Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>) reported quarterly earnings of $0.43 per share which beat the analyst consensus estimate of $0.22 by 95.45 percent. This is a 295.45 percent increase over losses of $(0.22) per share from the same period last year. The company reported quarterly sales of $12.334 billion which beat the analyst consensus estimate of $11.132 billion by 10.80 percent. This is a 5.46 percent increase over sales of $11.695 billion the same period last year.

Earnings Beats

UBS Gr Q3 2024 GAAP EPS $0.43 Beats $0.22 Estimate, Sales $12.334B Beat $11.132B Estimate

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1. STOCK NEWS: A U.S. judge has blocked the proposed ...

Judge blocks Tapestry-Capri deal, Centene reports Q3 beat: Morning Buzz

Vizio falls amid Capri deal block; new short idea at Hedgeye

US benchmark equity averages rose on Friday as the market ended a three-day losing streak.

S&P 500, Nasdaq Rise Sharply Ending 3-Day Losing Streak; Viking Therapeutics Surge, While Capri's Shares Slump

J.P. Morgan analyst Matthew Boss maintained a Buy rating on Tapestry (TPR – Research Report) yesterday and set a price target of $66.00. The compan...

J.P. Morgan Remains a Buy on Tapestry (TPR)

Trending stocks this week as market rally ends

Telsey named the following stocks as the best positioned for the holidays in each sector: adidas (ADDYY) and Dick's Sporting Goods (DKS) best posit...

Telsey names its Holiday 2024 Top Picks

TD Cowen downgraded Tapestry (TPR) to Hold from Buy with an unchanged price target of $52. The firm cites valuation for the downgrade as the stock ...

TD downgrades Tapestry to Hold on valuation, lack of upside

TD Cowen downgraded Tapestry (TPR) to Hold from Buy with an unchanged price target of $52. The firm cites valuation for the downgrade with the shar...

Tapestry downgraded to Hold from Buy at TD Cowen

Capri Holdings: Why I'm Not Buying After Sell-Off (Downgrade)

The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need...

Trade Desk downgraded, First Solar upgraded: Wall Street's top analyst calls

AAPL

ADDYY

AMZN

BBWI

BIRK

BURL

BYON

COST

CPRI

DBRG

DECK

DLTR

FSLR

HLIT

JOBY

MGNI

MSFT

NYCB

PIPR

PRQR

RAMP

RXST

SAVE

SNYNF

TMHC

TMUS

TSCO

TYRA

VKTX

VZIO

Press Releases

Capri Holdings Limited Issues Statement on FTC Action Seeking to Block Proposed Transaction with Tapestry, Inc.

Tapestry, Inc. to Host FY24 Third Quarter Earnings Call

Tapestry, Inc. Delivers Q3 Earnings Ahead of Expectations

Noam Paransky, Chief Omni and Innovation Officer at Tapestry, Joins ThredUp's Board

Comments

Tapestry

Noticias

Últimas noticias sobre Tapestry (NYSE:TPR) Bolsa

Noticias

SOCIO/CONTRIBUIDOR

BENZINGA GLOBAL