Inflation Isn't Slowing Down This Undervalued Luxury Stock

·4 min read
Inflation Isn't Slowing Down This Undervalued Luxury Stock

While some investors may not be familiar with the name Tapestry (NYSE: TPR), it is the parent company of three brands in the "affordable luxury" segment: Coach, Kate Spade, and Stuart Weitzman. Coach is by far the largest of the three in terms of sales, making up 75% of the company's 2021 fiscal-year revenue. Tapestry has been growing sales year over year in a challenging environment as it battles inflation concerns, supply chain challenges, and China's COVID lockdowns.

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