TPR Q2 2024 Earnings — Tapestry, Inc. Revenue & Financial Results | Market Cap Arena

TPRTapestry, Inc.

$30B

Q2 2024 Earnings

Consumer Cyclical Luxury Goods

Income Statement

Revenue

$2.1B+2.9% YoY

Gross Profit

$1.5B71.6% margin

Operating Income

$448M21.5% margin

Net Income

$322M15.5% margin

EPS (Diluted)

$1.39

QoQ Revenue Growth

+37.8%

Cash Flow

Operating Cash Flow

$827M

Free Cash Flow

$804M

Stock-Based Comp.

$23M

Balance Sheet

Total Assets

$13.8B

Total Liabilities

$11.2B

Stockholders' Equity

$2.7B

Cash & Equivalents

$6.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.1B	$2.0B	+2.9%
Gross Profit	$1.5B	$1.4B	+7.5%
Operating Income	$448M	$418M	+7.0%
Net Income	$322M	$330M	-2.3%

Revenue Segments

Coach Segment

$1.5B74%

Kate Spade & Company

$460M22%

Stuart Weitzman

$82M4%

Geographic Segments

North America

$1.5B70%

Greater China

$265M13%

Other Asia

$248M12%

Non-US

$113M5%