Key Takeaways Coach posted 13% reported and 15% constant-currency sales growth in 3Q25 to $1.29 billion. Strong AUR gains and premium pricing lifted Coach's gross margin to a record 79% in the quarter. Coach's growth was led by leather goods, popular styles and the One Coach cross-channel strategy.Tapestry, Inc.’s (TPR) Coach brand delivered exceptional performance in the third quarter of fiscal 2025, achieving net sales of $1.29 billion, reflecting a 13% year-over-year increase on a reported basis and 15 ...

Luxury accessories giant Tapestry Inc TPR is getting a clear growth split between its key brands, according to JPMorgan analyst Matthew R. Boss.The spotlight firmly shines on Coach, which is staging a notable comeback with a projected 32% upside for the overall company stock by year-end, per Boss’ projections. Meanwhile, Kate Spade is lagging, creating a tale of two brand trajectories under the same roof.Read Also: Here’s How Much $100 Invested In Tapestry 5 Years Ago Would Be Worth TodayCoach's Growth Engi ...

Tapestry (NYSE: TPR ) is the owner of three fashion brands: Coach, Kate Spade New York, and Stuart Weitzman. While the brands have different products, they are mostly focused on purses.L/S Equity Research. Mostly micro and small caps. I use this platform to bounce ideas around and try to get different point of views. Contact me at theredkraken7@gmail.com, it's always nice to make new friends =)Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, a ...

Tapestry, Inc. (TPR) reported impressive third-quarter fiscal 2025 results that exceeded the Zacks Consensus Estimate for revenues and earnings.  Also, the top and bottom lines increased year over year. Driven by the fiscal third-quarter results, Tapestry has raised its fiscal 2025 outlook.The company showcased broad-based growth in the fiscal third quarter, with the Coach brand driving momentum through strong consumer engagement, especially among Gen Z and Millennials. Tapestry emphasized global gains, wit ...

Tapestry (TPR) reported $1.58 billion in revenue for the quarter ended March 2025, representing a year-over-year increase of 6.9%. EPS of $1.03 for the same period compares to $0.81 a year ago.The reported revenue represents a surprise of +3.66% over the Zacks Consensus Estimate of $1.53 billion. With the consensus EPS estimate being $0.89, the EPS surprise was +15.73%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

Tapestry (TPR) Q3 2025 Earnings Call May 08, 2025 08:00 AM ET Company Participants Christina Colone - Global Head of Investor RelationsJoanne Crevoiserat - CEOScott Roe - CFO & COOLorraine Hutchinson - Managing DirectorTodd Kahn - CEO & Brand President of CoachMichael Binetti - Senior Managing DirectorBrooke Roach - Vice President - Equity ResearchRick Patel - Managing DirectorDana Telsey - CEO and Chief Research Officer Conference Call Participants Ike Boruchow - Managing Director: Senior Analyst - Retaili ...

Tapestry (TPR) Q3 2025 Earnings Call May 08, 2025 08:00 AM ET Speaker0 Good day and welcome to this Tapestry Conference Call. Today's call is being recorded. At this time, for opening remarks and introductions, I would like to turn the call over to the Global Head of Investor Relations, Christina Colon. Speaker1 Good morning. Thank you for joining us. With me today to discuss our third quarter results, as well as our strategies and outlook are Joanne Kervoisarot, Tapestry's Chief Executive Officer and Scott ...

Tapestry (TPR) came out with quarterly earnings of $1.03 per share, beating the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $0.81 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.73%. A quarter ago, it was expected that this maker of high-end shoes and handbags would post earnings of $1.74 per share when it actually produced earnings of $2, delivering a surprise of 14.94%.Over the last four quar ...

tapestry COACH | kate spade | STUARTWEITZMAN © 2025 Tapestry, Inc. This mesentation contains cartain "forwardHocking statements" tosed on management's current expoctations. Forward looking statements include, but are not limited to, the s Outlobix" statements recenting lono term reciments recentling the Company's capital deducament dans, indusiin entitiopated annual dividendrates and share repunchase rlang can be identified by the use of forward-looking termindogy such as 'may, "for," "f,"tontinue," "popied ...

Financial Performance - Net sales for the third quarter of fiscal 2025 reached $1,584.6 million, a 6.9% increase from $1,482.4 million in the same period of fiscal 2024[218]. - Gross profit for the third quarter of fiscal 2025 was $1,205.8 million, representing 76.1% of net sales, compared to 74.7% in the prior year[218]. - Operating income increased by 24.2% to $253.7 million in the third quarter of fiscal 2025, up from $204.3 million in the same quarter of fiscal 2024[218]. - Net income for the third quarter of fiscal 2025 was $203.3 million, a 45.9% increase from $139.4 million in the third quarter of fiscal 2024[218]. - Net sales increased by 6.9% or $102.2 million to $1.58 billion in Q3 fiscal 2025, with an 8.4% increase excluding currency impacts[228]. - Coach net sales rose by 12.9% or $147.9 million to $1.29 billion, driven by a $149.8 million increase in DTC sales[231]. - Gross profit increased by 8.9% or $98.4 million to $1.21 billion, with gross margin improving by 140 basis points to 76.1%[229]. - Operating income was reported at $253.7 million, an increase of 24.2% compared to the previous year[236]. - Net income for Q3 fiscal 2025 was $203.3 million, translating to $0.95 per diluted share[221]. - Net income rose 45.9% or $63.9 million to $203.3 million in Q3 FY2025 from $139.4 million in Q3 FY2024, with a diluted net income per share of $0.95[242][244]. Expenses and Charges - SG&A expenses rose by 5.4% or $49.0 million to $952.1 million, while as a percentage of net sales decreased to 60.1%[234]. - Acquisition and divestiture costs totaled $18.6 million, impacting operating income negatively by $23.6 million[223]. - SG&A expenses for Kate Spade decreased 7.6% or $13.2 million to $160.4 million in Q3 FY2025, while SG&A as a percentage of net sales increased 370 basis points to 65.5%[238]. - Corporate incurred charges affecting comparability of $109.0 million, leading to an 8.1% increase in SG&A expenses to $401.1 million[265]. - The company incurred total pre-tax charges of $268.4 million related to the terminated Capri Acquisition, impacting operating income and net income significantly[251]. Market and Economic Conditions - The macroeconomic environment remains challenging, with organizations revising global growth forecasts downwards due to trade tensions and geopolitical instability[210]. - Currency fluctuations resulted in a decrease of $22.5 million in net sales for the three months ended March 29, 2025, with a 20 basis point negative impact on operating margin[211]. Strategic Plans and Initiatives - The Company plans to focus on building lasting customer relationships and fueling fashion innovation as part of its 2025 growth strategy[203]. - The divestiture of the Stuart Weitzman Business is expected to generate $105.0 million in cash consideration, with the transaction anticipated to close in summer 2025[201]. - The company has a voluntary supply chain finance program to improve working capital efficiency, allowing suppliers to sell receivables on a non-recourse basis[297]. - The company expects total capital expenditures and cloud computing costs for fiscal 2025 to be approximately $160 million, with $35.7 million and $104.5 million spent during the three and nine months ended March 29, 2025, respectively[298]. Cash Flow and Financing - Net cash provided by operating activities decreased by $229.8 million to $769.8 million in the first nine months of fiscal 2025[283]. - Net cash provided by investing activities was $948.2 million in the first nine months of fiscal 2025, a $1.43 billion increase compared to a use of cash of $486.1 million in the same period of fiscal 2024[284]. - Net cash used in financing activities was $6.81 billion in the first nine months of fiscal 2025, a $12.54 billion increase compared to a source of cash of $5.73 billion in the same period of fiscal 2024[286]. - As of March 29, 2025, cash and cash equivalents decreased by $5.08 billion to $1.04 billion compared to $6.14 billion as of June 29, 2024[291]. - The company authorized a share repurchase program of up to $2.00 billion, with $800.0 million remaining from a previous program initiated in May 2022[299]. - The company completed an accelerated share repurchase agreement for $2.00 billion, receiving an initial delivery of 28,363,766 shares[300]. Brand Performance - Kate Spade net sales decreased by 12.7% or $35.8 million to $244.9 million, primarily due to lower DTC sales[231]. - Stuart Weitzman net sales fell by 17.7% or $9.9 million to $46.2 million, with a 17.2% decrease when excluding currency impacts[231]. - Coach's net sales rose by 8.5% or $328.5 million to $4.17 billion, driven by a $317.9 million increase in DTC sales[260]. - Kate Spade's net sales decreased by 9.6% or $99.8 million to $944.5 million, primarily due to a $105.5 million decline in DTC sales[260]. - Stuart Weitzman's net sales decreased by 11.2% or $21.3 million to $169.6 million, with SG&A expenses decreasing by 15.0% to $107.9 million[260][265]. Tax and Regulatory Considerations - The Company is committed to monitoring regulatory developments related to tax legislation, which may have a modest negative impact on its effective tax rate starting in fiscal 2026[214]. - The effective tax rate decreased to 14.9% in Q3 FY2025 from 17.7% in Q3 FY2024, with a non-GAAP effective tax rate of 16.4%[241].