Bernard Arnault’s Net Worth Craters by $77 Billion as LVMH Stock Crashes
Bernard Arnault, the richest person in Europe, is having a bad year as its net worth plunges amid woes in the luxury goods industry.
Stocks · News reference
Morgan Stanley analyst Alex Straton maintains Tapestry (NYSE:TPR) with a Overweight and lowers the price target from $164 to $159.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Bernard Arnault, the richest person in Europe, is having a bad year as its net worth plunges amid woes in the luxury goods industry.
Tapestry (TPR) projects fiscal 2027 revenues of $8.4-$8.5 billion with mid-single-digit growth, down from 17% prior year growth. The company targets 50 basis points of operating margin expansion despite tariff headwinds, expecting tariffs to be neutral year-over-year. Coach brand remains strong at 86% of revenues with ~36% operating margins, while Kate Spade continues to post operating losses. TPR expects adjusted EPS of $7.80-$7.90, representing low-double-digit growth.
Tapestry Inc. (TPR) presents a mixed investment case with Coach brand driving strong 24% revenue growth and high-single-digit growth expected in fiscal 2027, while Kate Spade continues to struggle with a 10% revenue decline and $27.2 million operating loss. The company expects $7.80-$7.90 EPS in fiscal 2027 with $1.7 billion in capital returns, but trades at a premium valuation that leaves little room for execution errors.
Fabrinet's margin miss triggered a brutal selloff across the stock market today, while $91 Brent kept equities under pressure