Form 8-K · Current Report · Filed 2024-08-15
Tapestry, Inc. Reports Fiscal 2024 Results and Provides Financial Outlook
Tapestry, Inc. reported its fourth quarter and full year fiscal 2024 results, achieving a reported diluted EPS of $3.50 and a non-GAAP diluted EPS of $4.29, exceeding expectations. The company delivered record annual revenue at the Coach brand, with gross margin expansion and robust operating cash flow. Tapestry also announced its expectation to maintain the annual dividend rate of $1.40 per common share for Fiscal 2025. The company continues to pursue the proposed acquisition of Capri Holdings Limited, despite legal challenges.
- Filer
- Tapestry Inc. TPR · NYSE
- Filed
- Accession
- 0001140361-24-037418
- CIK
- 0001116132
- Signal
- Medium impactConsumer Cyclical
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$37.96
Next session
+6.4%
Since filing
+301.4%
Latest close
$152.37
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Precedent
Previous filings from TPR reporting the same item, with the next session's move:
Exhibits (1)
About Tapestry Inc.
Tapestry Inc., a prominent holding company in the fashion industry, manages luxury brands known for their upscale accessories, footwear, and apparel. Its portfolio includes celebrated names such as Coach, Kate Spade, and Stuart Weitzman, each with their unique style and market appeal. Tapestry's primary function is to oversee the growth and strategic direction of these brands, facilitating their global reach and market penetration. By focusing on design innovation and customer engagement, Tapestry maintains its influence in the luxury goods sector, appealing to a wide demographic interested in fashion-forward and high-quality products. The company places a strong emphasis on brand differentiation and enhancing customer experiences across digital and physical retail platforms. With its headquarters in New York City, Tapestry Inc. is a significant player in the retail industry, showcasing the value and trends of luxury consumer goods while striving for sustainability and social responsibility as part of its corporate ethos.
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