TPR Q2 2023 Earnings — Tapestry, Inc. Revenue & Financial Results | Market Cap Arena

TPRTapestry, Inc.

$30B

Q2 2023 Earnings

Consumer Cyclical Luxury Goods

Income Statement

Revenue

$2.0B-5.4% YoY

Gross Profit

$1.4B68.6% margin

Operating Income

$418M20.6% margin

Net Income

$330M16.3% margin

EPS (Diluted)

$1.36

QoQ Revenue Growth

+34.4%

Cash Flow

Operating Cash Flow

$633M

Free Cash Flow

$551M

Stock-Based Comp.

$20M

Balance Sheet

Total Assets

$7.3B

Total Liabilities

$4.9B

Stockholders' Equity

$2.3B

Cash & Equivalents

$830M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.0B	$2.1B	-5.4%
Gross Profit	$1.4B	$1.5B	-4.7%
Operating Income	$418M	$463M	-9.6%
Net Income	$330M	$318M	+3.8%

Revenue Segments

Coach Segment

$1.4B72%

Kate Spade & Company

$490M24%

Stuart Weitzman

$85M4%

Geographic Segments

North America

$1.5B72%

Other Asia

$238M12%

Greater China

$226M11%

Non-US

$101M5%