Tapestry, Inc. Files 10-Q for Period Ending March 30, 2024

Ticker: TPR · Form: 10-Q · Filed: 2024-05-09T00:00:00.000Z

Sentiment: neutral

Topics: Tapestry, TPR, 10-Q, Quarterly Report, Fashion Retail

Related Tickers: TPR

TL;DR

<b>Tapestry, Inc. has filed its Q3 FY24 10-Q report, detailing financial performance across its brands and regions.</b>

AI Summary

TAPESTRY, INC. (TPR) filed a Quarterly Report (10-Q) with the SEC on May 9, 2024. Tapestry, Inc. filed its 10-Q report for the period ending March 30, 2024. The filing covers the third quarter of fiscal year 2024. The company's headquarters are located at 10 Hudson Yards, New York, NY. Tapestry, Inc. was formerly known as Coach Inc. until June 5, 2000. The filing includes detailed segment information for Coach, Kate Spade, and Stuart Weitzman brands across various geographic regions.

Why It Matters

For investors and stakeholders tracking TAPESTRY, INC., this filing contains several important signals. This 10-Q filing provides investors with the latest quarterly financial results and operational details for Tapestry, Inc., enabling informed investment decisions. Understanding the segment and geographic breakdowns within the filing is crucial for assessing the performance and growth potential of individual brands like Coach, Kate Spade, and Stuart Weitzman.

Risk Assessment

Risk Level: low — TAPESTRY, INC. shows low risk based on this filing. The filing is a standard 10-Q, providing routine financial disclosures without immediate red flags.

Analyst Insight

Review the detailed segment and geographic revenue data to identify performance trends and potential growth areas within Tapestry's brand portfolio.

Key Numbers

Key Players & Entities

FAQ

When did TAPESTRY, INC. file this 10-Q?

TAPESTRY, INC. filed this Quarterly Report (10-Q) with the SEC on May 9, 2024.

What is a 10-Q filing?

A 10-Q is a quarterly financial report with unaudited financials, management discussion, and interim business updates. This particular 10-Q was filed by TAPESTRY, INC. (TPR).

Where can I read the original 10-Q filing from TAPESTRY, INC.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by TAPESTRY, INC..

What are the key takeaways from TAPESTRY, INC.'s 10-Q?

TAPESTRY, INC. filed this 10-Q on May 9, 2024. Key takeaways: Tapestry, Inc. filed its 10-Q report for the period ending March 30, 2024.. The filing covers the third quarter of fiscal year 2024.. The company's headquarters are located at 10 Hudson Yards, New York, NY..

Is TAPESTRY, INC. a risky investment based on this filing?

Based on this 10-Q, TAPESTRY, INC. presents a relatively low-risk profile. The filing is a standard 10-Q, providing routine financial disclosures without immediate red flags.

What should investors do after reading TAPESTRY, INC.'s 10-Q?

Review the detailed segment and geographic revenue data to identify performance trends and potential growth areas within Tapestry's brand portfolio. The overall sentiment from this filing is neutral.

How does TAPESTRY, INC. compare to its industry peers?

Tapestry, Inc. operates in the global personal luxury goods market, encompassing handbags, accessories, and footwear.

Are there regulatory concerns for TAPESTRY, INC.?

The filing is a standard SEC Form 10-Q, which requires public companies to report detailed financial information quarterly.

Industry Context

Tapestry, Inc. operates in the global personal luxury goods market, encompassing handbags, accessories, and footwear.

Regulatory Implications

The filing is a standard SEC Form 10-Q, which requires public companies to report detailed financial information quarterly.

What Investors Should Do

  1. Analyze revenue by segment (Coach, Kate Spade, Stuart Weitzman) and geographic region for the reported quarter.
  2. Examine any disclosed risk factors or management's discussion and analysis for insights into operational challenges or strategic shifts.
  3. Compare key financial metrics with previous periods if comparative data is available within the filing to assess performance trends.

Year-Over-Year Comparison

This filing represents the quarterly update for the period ending March 30, 2024, following previous filings for the company.

Filing Stats: 4,455 words · 18 min read · ~15 pages · Grade level 10.2 · Accepted 2024-05-09 16:02:14

Filing Documents

– FINANCIAL INFORMATION (unaudited)

PART I – FINANCIAL INFORMATION (unaudited)

Financial Statements

ITEM 1. Financial Statements: Condensed Consolidated Balance Sheets 1 Condensed Consolidated Statements of Operations 2 Condensed Consolidated Statements of Comprehensive Income (Loss) 3 Condensed Consolidated Statements of Cash Flows 4 Notes to Condensed Consolidated Financial Statements 5

Management's Discussion and Analysis of Financial Condition and Results of Operations

ITEM 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 29

Quantitative and Qualitative Disclosures about Market Risk

ITEM 3. Quantitative and Qualitative Disclosures about Market Risk 46

Controls and Procedures

ITEM 4. Controls and Procedures 47

– OTHER INFORMATION

PART II – OTHER INFORMATION

Legal Proceedings

ITEM 1. Legal Proceedings 48

Risk Factors

ITEM 1A. Risk Factors 48

Unregistered Sales of Equity Securities and Use of Proceeds

ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 49

Exhibits

ITEM 6. Exhibits 50 SIGNATURE 51 In this Form 10-Q, references to "we," "our," "us," "Tapestry" and the "Company" refer to Tapestry, Inc., including consolidated subsidiaries. References to "Coach," "Kate Spade," "kate spade new york" or "Stuart Weitzman" refer only to the referenced brand. SPECIAL NOTE ON FORWARD-LOOKING INFORMATION This document, and the documents incorporated by reference in this document, our press releases and oral statements made from time to time by us or on our behalf, may contain certain "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are based on management's current expectations, that involve risks and uncertainties that could cause our actual results to differ materially from our current expectations. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as "may," "can," "continue," "project," "assumption," "should," "expect," "confidence," "goals," "trends," "anticipate," "intend," "estimate," "on track," "future," "well positioned to," "plan," "potential," "position," "believe," "seek," "see," "will," "would," "target," similar expressions, and variations or negatives of these words. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Such statements involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of Tapestry, Inc. and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Tapestry, Inc. assumes no obligation to revise

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