Tapestry (TPR) Stock Pops Ahead of Investor Day, Kim Kardashian Rumors
Source: Hi-Point | Shutterstock.com Tapestry (NYSE: TPR ) stock is gaining on Friday as traders react to the company’s latest investor day meeting and recent rumors. First off, Tapestry’s investor day event has it providing shareholders with an inside look into its growth strategy . A release ahead of the event detailed the company’s plans to increase business through 2025. According to the company, it intends to reach revenue of $8 billion by the time 2025 comes to a close. This has it targeting a three-year compound annual growth rate of 6% to 7%. It’s also expecting earnings per share above $5 in 2025. Scott Roe, CFO and COO of Tapestry, said the following about the company’s plans. “We will continue to be disciplined allocators of capital, with a plan to return $3 billion to shareholders through FY25, supported by our strong free cash flow. Together, we believe this will drive significant total shareholder returns over our planning horizon.” Kim Kardashian May Help TPR Stock There’s also rumors that Kim Kardashian may become the face of Tapestry going forward.
Tapestry (TPR) Stock Pops Ahead of Investor Day, Kim Kardashian Rumors
Source: Hi-Point | Shutterstock.com Tapestry (NYSE: TPR ) stock is gaining on Friday as traders react to the company’s latest investor day meeting and recent rumors. First off, Tapestry’s investor day event has it providing shareholders with an inside look into its growth strategy . A release ahead of the event detailed the company’s plans to increase business through 2025. According to the company, it intends to reach revenue of $8 billion by the time 2025 comes to a close. This has it targeting a three-year compound annual growth rate of 6% to 7%. It’s also expecting earnings per share above $5 in 2025. Scott Roe, CFO and COO of Tapestry, said the following about the company’s plans. “We will continue to be disciplined allocators of capital, with a plan to return $3 billion to shareholders through FY25, supported by our strong free cash flow. Together, we believe this will drive significant total shareholder returns over our planning horizon.” Kim Kardashian May Help TPR Stock There’s also rumors that Kim Kardashian may become the face of Tapestry going forward.