TPR Q1 2023 Earnings — Tapestry, Inc. Revenue & Financial Results | Market Cap Arena

TPRTapestry, Inc.

$30B

Q1 2023 Earnings

Consumer Cyclical Luxury Goods

Income Statement

Revenue

$1.5B+1.7% YoY

Gross Profit

$1.1B70.0% margin

Operating Income

$254M16.9% margin

Net Income

$195M13.0% margin

EPS (Diluted)

$0.79

QoQ Revenue Growth

-7.3%

Cash Flow

Operating Cash Flow

-$170M

Free Cash Flow

-$198M

Stock-Based Comp.

$15M

Balance Sheet

Total Assets

$7.1B

Total Liabilities

$4.8B

Stockholders' Equity

$2.3B

Cash & Equivalents

$527M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.5B	$1.5B	+1.7%
Gross Profit	$1.1B	$1.1B	-1.3%
Operating Income	$254M	$295M	-13.8%
Net Income	$195M	$227M	-13.9%

Revenue Segments

Coach Segment

$1.1B74%

Kate Spade & Company

$322M21%

Stuart Weitzman

$65M4%

Geographic Segments

North America

$966M64%

Greater China

$236M16%

Other Asia

$200M13%

Non-US

$105M7%