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TPR

Tapestry, Inc.

TPR

Tapestry, Inc. • NYSE
$109.26 ▼ -1.30% (-1.44)
Market Cap $23.03 B
52w High $118.56
52w Low $58.39
Dividend Yield 1.45%
P/E 83.4
Volume 975.92K
Outstanding Shares 210.82M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $1.705B ▼ $972.3M ▼ $274.8M ▲ 16.121% ▲ $1.32 ▲ $368.7M ▲
Q4-2025 $1.723B ▲ $1.899B ▲ $-517.1M ▼ -30.008% ▼ $-2.49 ▼ $-517.7M ▼
Q3-2025 $1.585B ▼ $952.1M ▼ $203.3M ▼ 12.83% ▼ $0.98 ▼ $307.5M ▼
Q2-2025 $2.195B ▲ $1.14B ▲ $310.4M ▲ 14.139% ▲ $1.41 ▲ $425.3M ▲
Q1-2025 $1.508B $882.9M $186.6M 12.378% $0.81 $311.3M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $743.2M ▼ $6.363B ▼ $5.964B ▲ $399.5M ▼
Q4-2025 $1.12B ▲ $6.58B ▼ $5.723B ▼ $857.8M ▼
Q3-2025 $1.057B ▲ $7.306B ▲ $5.812B ▼ $1.494B ▲
Q2-2025 $1.003B ▼ $7.252B ▼ $5.915B ▼ $1.337B ▼
Q1-2025 $7.305B $13.729B $10.747B $2.982B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $274.8M ▲ $112.6M ▼ $69.3M ▲ $-550.8M ▼ $-380.5M ▼ $80.2M ▼
Q4-2025 $-517.1M ▼ $446.8M ▲ $-34.2M ▼ $-366.8M ▼ $62.3M ▲ $411.5M ▲
Q3-2025 $203.3M ▼ $144.3M ▼ $-31.2M ▼ $-32.6M ▲ $54.3M ▲ $113.4M ▼
Q2-2025 $310.4M ▲ $506M ▲ $789.3M ▲ $-6.701B ▼ $-5.479B ▼ $475.1M ▲
Q1-2025 $186.6M $119.5M $190.1M $-74.5M $320.9M $93.9M

Revenue by Products

Product Q2-2025Q3-2025Q4-2025Q1-2026
Coach Segment
Coach Segment
 $1.71Bn ▲$1.29Bn ▼$1.43Bn ▲$1.43Bn ▲
Kate Spade Company
Kate Spade Company
 $420.00M ▲$240.00M ▼$250.00M ▲$260.00M ▲
Stuart Weitzman
Stuart Weitzman
 $70.00M ▲$50.00M ▼$50.00M ▲$10.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Sales have been fairly steady and gradually rising over the last several years, which suggests the brands still resonate with customers. Profitability, however, has been more uneven. After a few strong years of solid earnings, the most recent year shows a clear squeeze: sales edged up, but operating profit and net profit fell noticeably. That usually points to higher costs, heavier investment, discounts, or one‑off charges eating into margins. In simple terms: the top line looks healthy, but the bottom line has become less reliable recently, and that is the key area to watch.

Balance Sheet

Balance Sheet The balance sheet shows a business that has leaned more heavily on borrowing while keeping only a modest equity cushion. There was a period where cash and debt both jumped sharply, likely tied to deal or funding activity, and then both stepped back as funds were deployed or obligations changed. Today, debt still stands high compared with the company’s own equity, which means leverage is meaningful. Tapestry does have a recognizable asset base and brand value, but the thinner equity layer and higher debt load make financial discipline and steady cash generation more important going forward.

Cash Flow

Cash Flow Cash generation is a relative bright spot. Operating cash flow has been consistently positive, even in years when reported profit moved around, which suggests the core business still converts sales into cash reasonably well. After modest spending on stores, systems, and other investments, free cash flow remains solidly positive year after year. Capital spending needs are not heavy, which fits an asset‑light, brand‑driven model. Overall, the cash flow profile looks supportive of debt service and ongoing brand investment, but any prolonged pressure on profits could narrow this cushion.

Competitive Edge

Competitive Edge Tapestry’s strength sits in its portfolio of accessible luxury brands, especially Coach and Kate Spade, which have clear identities and loyal followings. Coach anchors the group as a well‑known leather goods and handbag leader, while Kate Spade targets a younger, more playful consumer segment. This mix helps the company reach multiple demographic and price tiers across regions. Its global store footprint, outlet presence, and growing online channels deepen reach and reinforce customer relationships. Still, the company operates in an intensely competitive luxury and premium space, facing pressure from European luxury houses, contemporary designers, and fast‑moving affordable fashion brands. Demand is also cyclical and sensitive to economic downturns, which can quickly affect traffic and pricing power. Overall, Tapestry appears to have a real but “narrow” moat based on brand equity and customer loyalty, rather than an unassailable position.

Innovation and R&D

Innovation and R&D Innovation at Tapestry is less about lab research and more about using data, design, and digital tools to stay ahead of fashion and consumer behavior. The company is leaning into artificial intelligence and analytics to read trends, personalize marketing, and fine‑tune assortments. Its “product historian” and broader data platforms help teams design and buy with more confidence. On the customer side, Tapestry is pushing a true omnichannel experience: integrated e‑commerce, outlets online, and unified global systems so shoppers see a consistent brand wherever they interact. In operations, investments in supply‑chain technology and sustainable materials, such as recycled leather fibers, point to a more modern and resilient backend. It is also experimenting with digital twins of products and AI tools for employees, aiming to speed up product creation and decision‑making. Altogether, the company is behaving like a digitally minded brand house rather than a traditional retailer, which, if executed well, can support both growth and margins over time.

Summary

Overall, Tapestry looks like a stable, cash‑generative brand group facing a more challenging profit environment and carrying higher financial leverage than in the past. Sales and gross margins suggest its brands still hold meaning for customers, but recent profit compression highlights that execution, cost control, and pricing are under pressure. The balance sheet can support the business but leaves less room for error because of the debt load. On the positive side, steady free cash flow, strong brand recognition, and active investment in digital, data, and supply‑chain modernization give the company tools to compete. The main swing factors going forward are fashion relevance, consumer spending conditions, success with younger and international shoppers, and careful management of leverage and margins as it pursues its growth and technology ambitions.

NEWS

November 6, 2025 · 6:45 AM UTC

Tapestry, Inc. Reports Fiscal 2026 First Quarter Results and Raises Full Year Outlook

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October 30, 2025 · 6:00 AM UTC

"Charm of Jiangsu" Extends Invitation to Sweden through Cultural Tapestry of Tea, Silk, and Porcelain

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October 29, 2025 · 8:00 AM UTC

Vera Bradley Announces Appointment of Melinda Paraie as Chief Brand Officer

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October 16, 2025 · 6:45 AM UTC

Tapestry, Inc. to Host FY26 First Quarter Earnings Call

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October 8, 2025 · 9:00 AM UTC

The George at Columbia, Tapestry Collection by Hilton Opens in Harlem, Celebrating Style and Heritage in Northern Manhattan

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