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.