Tapestry (TPR) Stock Analysis & Winston Score

Tapestry is an American fashion company that owns three handbag and accessories brands: Coach, Kate Spade, and Stuart Weitzman. It sells purses, wallets, shoes, and clothing to everyday shoppers who want a recognizable brand without paying the highest luxury prices. Coach is by far the largest brand and drives most of the company's sales. Tapestry makes money by selling its products through its own retail stores, its websites, and department stores across North America, Asia, and Europe. It generates roughly $6.5 billion in annual revenue, and its high gross margins reflect the pricing power that comes with owning established brand names. The company's biggest growth opportunity is expanding Coach in China and attracting younger shoppers, while its main risk is that consumer spending on discretionary items like handbags tends to drop sharply during economic downturns.