TPR Q1 2024 Earnings — Tapestry, Inc. Revenue & Financial Results | Market Cap Arena

TPRTapestry, Inc.

$30B

Q1 2024 Earnings

Consumer Cyclical Luxury Goods

Income Statement

Revenue

$1.5B+0.4% YoY

Gross Profit

$1.1B72.5% margin

Operating Income

$253M16.7% margin

Net Income

$195M12.9% margin

EPS (Diluted)

$0.84

QoQ Revenue Growth

-6.6%

Cash Flow

Operating Cash Flow

$75M

Free Cash Flow

$54M

Stock-Based Comp.

$20M

Balance Sheet

Total Assets

$7.1B

Total Liabilities

$4.7B

Stockholders' Equity

$2.4B

Cash & Equivalents

$622M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.5B	$1.5B	+0.4%
Gross Profit	$1.1B	$1.1B	+4.1%
Operating Income	$253M	$254M	-0.4%
Net Income	$195M	$195M	-0.2%

Revenue Segments

Coach Segment

$1.2B76%

Kate Spade & Company

$303M20%

Stuart Weitzman

$53M3%

Geographic Segments

North America

$961M64%

Greater China

$245M16%

Other Asia

$206M14%

Non-US

$101M7%