tapestry COACH kate spade NEW YORK STUART WEITZMAN © 2023 Tapestry, Inc. This presentation contains certain "frorward-looking statements" based on management's current expectations. Forward-looking statements which can be identified by the use of forward-looking termindagy such as 'may, "Mill, "ca; " should," "eximate, "continue," "poped," "quidance," "buttork", "anticipate," "remain housed," "emain house committed," "moving,""leverage," "development," "laundn","drive," "assume," plan," "endbe, "telel," "en ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 1-16153 Tapestry, Inc. (Exact name of registrant as specified in its charter) 10 Hudson Yards, New York, NY 10001 (Address of principal executive of ices); (Zip Code) (212) ...

Tapestry, Inc. (NYSE:TPR) Q4 2023 Earnings Conference Call August 17, 2023 8:00 AM ET Company Participants Christina Colone - Head of IR Joanne Crevoiserat - CEO Scott Roe - CFO Todd Kahn - CEO & Brand President of Coach Conference Call Participants Robert Drbul - Guggenheim Lorraine Hutchinson - Bank of America Matthew Boss - JPMorgan Brooke Roche - Goldman Sachs Mark Altschwager - Baird Dana Telsey - Telsey Group Oliver Chen - TD Cowen Operator Good day, and welcome to this Tapestry conference call. Today ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended July 1, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 1-16153 Tapestry, Inc. (Exact name of registrant as specified in its charter) Maryland 52-2242751 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identifi ...

Financial Data and Key Metrics Changes - The company achieved a 9% constant currency revenue growth, significantly surpassing expectations of 3% to 5% [28][29] - Operating margin expanded by approximately 280 basis points year-over-year, driven by gross margin gains [28][32] - Earnings per share (EPS) increased by over 50% compared to the prior year [28][32] Business Line Data and Key Metrics Changes - Coach brand revenue increased by 11% at constant currency, with over 300 basis points of operating margin expansion [10] - Kate Spade outperformed expectations with revenue gains and gross margin expansion, focusing on emotional and lifestyle branding [18][20] - Stuart Weitzman delivered 10% revenue growth in constant currency, supported by double-digit growth in North America [23][24] Market Data and Key Metrics Changes - International businesses grew nearly 20% excluding foreign exchange impacts, with Greater China sales increasing by 20% [6][29] - Japan saw sales rise approximately 23%, while other Asia regions grew by 22% [30] - North America experienced low single-digit sales growth, with a noted decline in consumer spending trends as the quarter progressed [7][29] Company Strategy and Development Direction - The company is focused on building lasting customer relationships and enhancing omnichannel experiences, acquiring over 1.2 million new customers in North America [8][9] - Emphasis on product innovation and data-driven strategies to enhance brand relevance and customer value [9][18] - The launch of Coachtopia aims to disrupt the fashion industry with sustainable practices and community engagement [16][68] Management's Comments on Operating Environment and Future Outlook - Management noted a more cautious consumer backdrop in North America, impacting sales expectations for the fourth quarter [42][63] - Positive momentum in China and other Asian markets is expected to continue, with a focus on capturing domestic consumer demand [43][72] - The company raised its fiscal year 2023 revenue and earnings outlook based on strong third-quarter performance [35][40] Other Important Information - The company returned $270 million to shareholders, demonstrating commitment to enhancing long-term value [28][34] - Free cash flow for the quarter was an inflow of $71 million, with inventory levels favorable to expectations [34] - The company plans for approximately $1 billion in shareholder returns for fiscal 2023, including share repurchases and dividends [34] Q&A Session Summary Question: Demand backdrop in North America and China - Management acknowledged solid third-quarter results but noted a more cautious consumer in North America, while China showed strong growth across all channels [42][43] Question: Confidence in long-term targets - Management expressed confidence in the $5-plus EPS target, emphasizing disciplined operations and strong gross margin performance [46][48][49] Question: Promotional stance and outlook for AUR - Management indicated a disciplined promotional environment, with expectations for continued AUR gains and gross margin growth [51][52] Question: Health of the handbags and accessories category - Management described the handbag category as resilient, with strong emotional connections driving sustainable growth [56][57] Question: Changes in North American consumer engagement - Management noted a broad-based softness in consumer engagement, with a focus on maintaining brand health and pricing power [62][63] Question: Coachtopia and sustainability - Management highlighted Coachtopia's success and its potential to scale, emphasizing sustainability and material innovation [68][69]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended April 1, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 1-16153 Tapestry, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) ...

Tapestry, Inc. (NYSE:TPR) Q2 2023 Earnings Conference Call February 9, 2023 8:00 AM ET Company Participants Christina Colone - Global Head, Investor Relations Joanne Crevoiserat - Chief Executive Officer Scott Rowe - Chief Financial Officer and Chief Operating Officer Todd Kahn - Chief Executive Officer and Brand President, Coach Conference Call Participants Bob Drbul - Guggenheim Securities Ike Boruchow - Wells Fargo Securities LLC Lorraine Hutchinson - Bank of America Merrill Lynch Matthew Boss - JPMorgan ...

tapestry COACH | kate spade | STUART WEITZMAN © 2023 Tapestry, Inc. This presentation contains certain "frorward-looking statements" based on management's current expectations. Forward-looking statements which can be identified by the use of forvard-looking terminutogy such as "nray," "Wil," car," should," expect," "intend," "estimate, "continue," "project", "outlarıe," "roncast, " outlot)c," "antig "leveraging," "capitalizing" "teveloping" "launch," "chris, " "grow," "argeting" "build," "bould," "bould, " ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 1-16153 Tapestry, Inc. (Exact name of registrant as specified in its charter) Maryland 52-2242751 (State or other jurisdiction of incorporation or organization) (I.R.S. Empl ...

tapestry This presentation contains certain "forward-looking statements" based on management's current expectations. Forward-looking statements indude, but are not limited to statem by the use of forward-looking terminology such as "nay," "Will, "can, "should," "expect," "intend," "estimate, " "ontinue," "oreaces," "outlook, " "anticipate," "ternain c "leveraging," "capitalizing," "developing," "assume," "plan," "build," "pursue," "maintain," "on track," "well positioned to, "look forward to, " to aquine, " ...