It's been a tough year for Tapestry ($TPR), the parent company of brands Stuart Weitzman and Coach, and the stock has been beaten up losing nearly a quarter of its value over 2019. But, brighter days may be ahead. The company will report earnings on October 29 and analysts tracked by Zacks Investment Research are expecting EPS of $0.36 from the brand conglomerate.
Tapestry is growing - and in some interesting places. Overall, job postings rose nearly 25% over the third quarter. And where postings have grown the most could highlight some of Tapestry's strategies. "Outlet" hires were up the most, growing 35% (not shown) across the company for the quarter.
Outlet expansion may signal a move downmarket, but Tapestry isn't too inclined to cut you a bigger discount these days. This interesting paradox is made apparent in the chart above, which tracks the company's discounts offered over time. On the web, discounts have fallen about 10% since the start of the second half.
Our last chart sums up a global look at the brand conglomerate's stores. Tapestry's Coach and Stuart Weitzman (a popular footwear brand) locations dot the globe, touching most continents (zoom in for better details by city). Although the company's shares have had a rough go of 2019, a Wells Fargo analyst calls the stock a "contrarian" play, and the data may support the call.
About the Data:
Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.
Further Reading:
- Tapestry's alternative data isn't painting a pretty picture
- Is the Kate Spade brand dragging down Tapestry?
- Luxury retailer Barney's files Chapter 11 - this is the alternative data
