Tapestry, Inc. provides accessories and lifestyle brand products in North America, Greater China, rest of Asia, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women's handbags, fashion designs, business cases, computer bags, messenger style bags, backpacks, travel bags, and totes; and accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories, including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, technology accessories, gifting, straps, and charms. The company also provides women's and men's footwear, which casual and dress shoes, boots, sneakers, and sandals; and other products which includes outerwear, ready-to-wear, jewelry, watches, eyewear, fragrance, scarves, hats, gloves, and other products. It offers its products through retail and outlet stores, brand e-commerce sites, and concession shop-in-shops under the Coach, Kate Spade, and Stuart Weitzman brand names. The company was formerly known as Coach, Inc. and changed its name to Tapestry, Inc. in October 2017. Tapestry, Inc. was founded in 1941 and is headquartered in New York, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $7.0B | $526M | $183M | $1.1B | 21.4% | 5.1% | -77.5% |
| 2024 | $6.7B | $1.4B | $816M | $1.1B | 28.2% | 0.2% | -12.8% |
| 2023 | $6.7B | $1.4B | $936M | $791M | 41.1% | -0.4% | 9.3% |
| 2022 | $6.7B | $1.3B | $856M | $759M | 37.5% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 6,684.50 | 6,660.90 | 6,671.20 | 7,010.70 |
| Cost Of Revenue | 2,034.10 | 1,946 | 1,781.70 | 1,721.80 |
| Gross Profit | 4,650.40 | 4,714.90 | 4,889.50 | 5,288.90 |
| Operating Expense | 3,474.60 | 3,542.50 | 3,749.40 | 4,019.10 |
| Operating Income | 1,175.80 | 1,172.40 | 1,140.10 | 1,269.80 |
| EBITDA | 1,311.70 | 1,394.90 | 1,365.90 | 526.40 |
| EBIT | 1,105.70 | 1,170.70 | 1,136.90 | 301.50 |
| Pretax Income | 1,047 | 1,143.10 | 1,011.90 | 216.10 |
| Tax Provision | 190.70 | 207.10 | 195.90 | 32.90 |
| Net Income | 856.30 | 936 | 816 | 183.20 |
| Net Income Common Stockholders | 856.30 | 936 | 816 | 183.20 |
| Total Expenses | 5,508.70 | 5,488.50 | 5,531.10 | 5,740.90 |
| Interest Expense | 58.70 | 27.60 | 125 | 85.40 |
| Selling General And Administration | 3,474.60 | 3,542.50 | 3,749.40 | 4,019.10 |
| Normalized EBITDA | 1,365.40 | 1,394.90 | 1,365.90 | 1,501.30 |
| Normalized Income | 900.23 | 936 | 816 | 1,009.92 |
| Market Cap | 29,856.35 | 29,856.35 | 29,856.35 | 29,856.35 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Tapestry, Inc.this co. | TPR | $31.8B | 162.97β premium | 34.81 | 21.4% | 62.04 |
| Las Vegas Sands Corp. | LVS | $36.6B | 21.54 | 22.04 | 102.3% | 10.44 |
| Carnival Corporation & plc | CCL | $35.7B | 13.64 | 3.06 | 22.5% | 9.22 |
| Expedia Group, Inc. | EXPE | $31.5B | 23.81 | 24.00 | 100.8% | 11.46 |
| Casey's General Stores, Inc. | CASY | $29.7B | 54.23 |
| 8.45 |
| 15.6% |
| 26.89 |
| Rollins, Inc. | ROL | $27.4B | 51.74 | 19.83 | 38.3% | 33.00 |
| PulteGroup, Inc. | PHM | $25.2B | 10.95 | 1.87 | 17.1% | 8.14 |
| Lennar Corporation | LEN | $24.5B | 11.15 | 1.05 | 9.5% | 8.76 |
| Darden Restaurants, Inc. | DRI | $23.6B | 21.94 | 9.96 | 45.4% | 15.42 |
| Peer Median | - | 21.74 | 9.21 | 30.4% | 10.95 | |