Tapestry, Inc. Files 10-Q for Q1 2025

TL;DR

**TAPESTRY 10-Q FILED: Check financials for Q1 2025.**

AI Summary

Tapestry, Inc. filed its 10-Q for the period ending September 28, 2024. The company reported its financial results and provided updates on its business operations. Key financial data and disclosures relevant to investors are included in this filing.

Why It Matters

This filing provides investors with a detailed look at Tapestry's financial performance and operational status for the first quarter of fiscal year 2025, influencing investment decisions.

Risk Assessment

Risk Level: medium — 10-Q filings are standard for public companies, but the specific financial details and disclosures within can reveal varying levels of risk.

Key Numbers

• 2025 — Fiscal Year (Reporting period is Q1 of fiscal year 2025)
• 2024 — Fiscal Year (Reporting period includes data from fiscal year 2024)

Key Players & Entities

• Tapestry, Inc. (company) — Filer of the 10-Q
• September 28, 2024 (date) — End of the reporting period
• 2024-09-28 (date) — Reporting period end date
• 2024-06-29 (date) — Previous period end date
• 2023-09-30 (date) — Prior year period end date

FAQ

Filing Documents

• tpr-20240928.htm (10-Q) — 1328KB
• exhibit311-q12025.htm (EX-31.1) — 10KB
• exhibit312-q12025.htm (EX-31.2) — 10KB
• exhibit321-q12025.htm (EX-32.1) — 5KB
• exhibit322-q12025.htm (EX-32.2) — 5KB
• 0001116132-24-000023.txt ( ) — 8332KB
• tpr-20240928.xsd (EX-101.SCH) — 46KB
• tpr-20240928_cal.xml (EX-101.CAL) — 75KB
• tpr-20240928_lab.xml (EX-101.LAB) — 620KB
• tpr-20240928_pre.xml (EX-101.PRE) — 481KB
• tpr-20240928_def.xml (EX-101.DEF) — 281KB
• tpr-20240928_htm.xml (XML) — 1427KB

– 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 28

Quantitative and Qualitative Disclosures about Market Risk

ITEM 3. Quantitative and Qualitative Disclosures about Market Risk 41

Controls and Procedures

ITEM 4. Controls and Procedures 41

– OTHER INFORMATION

PART II – OTHER INFORMATION

Legal Proceedings

ITEM 1. Legal Proceedings 42

Risk Factors

ITEM 1A. Risk Factors 42

Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities

ITEM 2. Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities 42

Other Information

ITEM 5. Other Information 42

Exhibits

ITEM 6. Exhibits 43

SIGNATURES

SIGNATURES 44 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," "if," "continue," "project," "assumption," "should," "expect," "confidence," "goals," "trends," "anticipate," "intend," "estimate," "on track," "future," "well positioned to," "plan," "potential," "position," "deliver," "believe," "seek," "see," "will," "would," "uncertain," "achieve," "strategic," "growth," "target," "forecast," "outlook," "commit," "innovation," "drive," "proposed acquisition," "we can stretch what's possible," 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 statem