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 January 1, 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) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No ...

Tapestry, Inc. (NYSE:TPR) Q1 2022 Earnings Conference Call November 11, 2021 8:00 AM ET Company Participants Kelsey Mueller - Director of Investor Relations Joanne Crevoiserat - Chief Executive Officer Scott Roe - Chief Financial Officer and Head of Strategy Todd Kahn - CEO and Brand President of Coach Conference Call Participants Bob Drbul - Guggenheim Ike Boruchow - Wells Fargo Erinn Murphy - Piper Sandler Mark Altschwager - Baird Lorraine Hutchinson - Bank of America Michael Binetti - Credit Suisse Adri ...

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 October 2, 2021 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. Employ ...

tapestry this presentation contains certain "forward-looking statements" based on management's current expectations. Forward-looking statements include, but are not limited to state by the use of forward-lobking terminology such as "may," will," "can", "should," "estimate, " estimate, " "omtinue," "project," "guidance," "forecast," "outlook, " "antici "captalzing" "developing," "drive, "fargeting," "assume," "plan," "pursue," "maintain," "on track," "well positioned to, "1o aquire, ""strategic vision," "gro ...

Financial Data and Key Metrics Changes - Tapestry delivered record operating income and operating margin in FY21, with total sales rising 126% year-over-year in Q4, surpassing pre-pandemic levels [49][56] - Generated $1.2 billion in free cash flow and ended the year with approximately $2 billion in cash, while reducing total borrowings to $1.6 billion [58][60] - Achieved earnings per diluted share of $0.74 on a 14-week basis, significantly up from a loss in the prior year and 7% ahead of pre-pandemic EPS levels [56] Business Line Data and Key Metrics Changes - Coach, the largest brand, saw revenue rise 117% year-over-year in Q4, with operating income increasing by 67% compared to the previous year [17][18] - Kate Spade experienced a 95% increase in sales in Q4 compared to the prior year, although still 4% below FY19 levels [27] - Stuart Weitzman reported over 35% revenue growth in Mainland China compared to the prior year, indicating strong demand recovery [40] Market Data and Key Metrics Changes - North America led overall growth with a 150% increase versus FY20 and a high single-digit percentage increase compared to FY19 [50] - Greater China sales reached $1.1 billion, with over 60% growth on the Mainland [10] - Digital sales grew more than 35% year-over-year, reaching 30% penetration, which is three times the levels seen in 2019 [52] Company Strategy and Development Direction - The company is focused on enhancing digital capabilities and expanding its presence in China, with plans to return over $750 million to shareholders through dividends and share repurchases in FY22 [15][60] - Tapestry aims to increase market share in core categories and expand lifestyle offerings, targeting over $1 billion in revenue from these initiatives [25][26] - The acceleration program has transformed the organization, allowing for better customer engagement and operational efficiency [6][80] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strong consumer demand and momentum entering FY22, expecting revenue to increase at a mid-teens rate, reaching approximately $6.4 billion [68][88] - The company is prepared to mitigate supply chain disruptions by securing expedited deliveries and increasing average unit retail (AUR) prices [67][69] - Management highlighted the importance of investing in long-term growth drivers, including marketing and digital capabilities, to sustain momentum [89][91] Other Important Information - The company reduced SKU counts by 40% to 45%, optimizing inventory and enhancing gross margins [12][54] - Tapestry closed a net of 59 locations globally in FY21, focusing on profitability and optimizing its global fleet [57] - The company plans to invest approximately $220 million in capital expenditures, primarily for store development in China and digital initiatives [75][76] Q&A Session Summary Question: What signs give confidence in the strong trajectory planned for FY22? - Management cited standout results in FY21, record operating income, and momentum building as indicators of confidence [87][88] Question: Can you quantify the retroactive GSP benefit for gross margin expectations? - The GSP benefit is expected to contribute about 50 basis points to the margin [98] Question: How do you see the potential for Kate Spade's margin profile evolving over time? - Management sees a path for Kate Spade to achieve high teens margin opportunities, with significant growth potential [116] Question: What are the priorities for the Coach brand as a lifestyle brand? - The focus will be on expanding into men's products and enhancing footwear offerings, alongside maintaining strong AUR growth [140] Question: How will the company retain newly acquired customers? - Retaining new customers will involve consistent innovation and engagement through data insights and social media presence [142]

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 3, 2021 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 ...

tapestry COACH | kate spade | STUART WEITZMAN This presentation contains certain "forward-looking statements" based on management's current expectations. Forward-looking statements include, but are not limited to statements which can be identified by the use of forward-looking terminology such as "may," "will," "can," "should," "expect, "intend," "estimate," "continue," "project," "guidance," "forecast," "outlook," "anticipate," "moving," "capitalizing," "developing," "drive," "targeting," "assume," "plan," ...

Tapestry, Inc. (NYSE:TPR) Q3 2021 Results Conference Call May 6, 2021 8:00 AM ET Company Participants Christina Colone - Vice President of Investor Relations Joanne Crevoiserat - President and Chief Executive Officer Andrea Resnick - Interim Chief Financial Officer Todd Kahn - Chief Executive Officer and Brand President of Coach Conference Call Participants Robert Drbul - Guggenheim Securities Erinn Murphy - Piper Sandler Oliver Chen - Cowen and Company Matthew Boss - JPMorgan Chase Mark Altschwager - Rober ...

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 March 27, 2021 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. Employe ...

tapestry COACH | kate spade | STUART WEITZMAN This presentation contains certain "forward-looking statements" based on management's current expectations. Forward-looking statements include, but are not limited to statements which can be identified by the use of forward-looking terminology such as "may," "will," "can," "should," "expect, "intend," "estimate," "continue," "project," "guidance," "forecast," "outlook," "anticipate," "moving," "capitalizing," "developing," "drive," "targeting," "assume," "plan," ...