TPRTapestry, Inc.
Tapestry, Inc. (the "Company") is a global house of iconic accessories and lifestyle brands uniting the magic of Coach and kate spade new york. 10-K, Item 1
- Employees
- 20,600
- Headquarters
- New York, NY
- CEO
- Joanne C. Crevoiserat
- Next results
- around Feb 4, 2027
The biggest changes in the 10-K filed 2026-08-13, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.
Net income
+733.9% Big change FY to 2026-06-27 vs 2025-06-28“The increase in effective tax rate was primarily driven by the impact of Pillar Two, partially offset by the lower impact of permanent items due to higher pre-tax income.”
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Operating margin
5.9% → 23.9% (+18.0 pts) Big change FY to 2026-06-27 vs 2025-06-28“The remaining increase in operating margin was primarily attributed to a 60 basis point increase in Gross margin and a 200 basis point decrease in SG&A as a percentage of sales.”
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“This increase in operating margin was primarily attributed to:”
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Cash from operations
+62.6% Big change FY to 2026-06-27 vs 2025-06-28“Net cash provided by operating activities increased $761.9 million primarily due to higher net income of $1.34 billion and changes in operating assets and liabilities of $158.5 million partially offset by a lower impact of non-cash adjustments of $741.1 million primarily related to the impairment of goodwill and intangible assets in the prior year.”
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Gross margin
75.4% → 77.8% (+2.4 pts) Big change FY to 2026-06-27 vs 2025-06-28“The remaining 60 basis point increase in Gross margin was primarily attributed to net pricing improvements and favorable brand mix, partially offset by the impact of higher tariffs.”
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“◦Gross Margin, increased 70 basis points mainly due to net pricing improvements, partially offset by the impact of higher tariffs;”
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Revenue
+14.2% Big change FY to 2026-06-27 vs 2025-06-28“This increase in net sales was primarily due to an increase of $1.09 billion in DTC sales, mainly driven by North America, Greater China, and Europe.”
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“This decrease in net sales was primarily due to a decrease of $120.3 million in DTC sales.”
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Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗
Work on TPR in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/TPR/export.csv") into a cell.