Starbucks Corp. Stock Falls Thursday, Underperforms Market

Tapestry Inc

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Consumer Discretionary : Textiles, Apparel & Luxury Goods | Mid Cap Value

Company profile

Tapestry, Inc. is a global house of luxury accessories and lifestyle brands. The Company's brands include Coach, Kate spade New York, and Stuart Weitzman. The Company operates through three segments: Coach, Kate Spade and Stuart Weitzman. The Coach segment includes global sales of Coach products to customers through Coach operated stores, including e-commerce sites and concession shop-in-shops, and sales to wholesale customers and through independent third-party distributors. The Kate Spade segment includes global sales primarily of Kate Spade New York brand products to customers through Kate Spade operated stores, including e-commerce sites and concession shop-in-shops, sales to wholesale customers, and through independent third-party distributors. The Stuart Weitzman segment includes global sales of Stuart Weitzman brand products primarily through Stuart Weitzman operated stores, sales to wholesale customers, through e-commerce sites, and through independent third-party distributors.

Starbucks Corp. Stock Falls Thursday, Underperforms Market

5:22 pm ET October 27, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Starbucks Corp. (SBUX) slipped 0.71% to $85.28 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.61% to 32,033.28 and the S&P 500 Index falling 0.61% to 3,807.30. The stock's fall snapped a two-day winning streak. Starbucks Corp. closed $32.52 below its 52-week high ($117.80), which the company reached on January 3rd.

The stock underperformed when compared to some of its competitors Thursday, as PepsiCo Inc. (PEP) fell 0.11% to $178.88, McDonald's Corp. (MCD) rose 3.31% to $265.11, and Yum! Brands Inc. (YUM) rose 1.46% to $113.91. Trading volume (9.5 M) eclipsed its 50-day average volume of 7.9 M.

Data source: Dow Jones Market Data, FactSet. Data compiled October 27, 2022.

(END) Dow Jones Newswires

October 27, 2022 17:22 ET (21:22 GMT)