TPR Q3 2023 Earnings — Tapestry, Inc. Revenue & Financial Results | Market Cap Arena

TPRTapestry, Inc.

$30B

Q3 2023 Earnings

Consumer Cyclical Luxury Goods

Income Statement

Revenue

$1.5B+5.0% YoY

Gross Profit

$1.1B72.8% margin

Operating Income

$226M15.0% margin

Net Income

$187M12.4% margin

EPS (Diluted)

$0.78

QoQ Revenue Growth

-25.5%

Cash Flow

Operating Cash Flow

$112M

Free Cash Flow

$72M

Stock-Based Comp.

$21M

Balance Sheet

Total Assets

$7.0B

Total Liabilities

$4.7B

Stockholders' Equity

$2.3B

Cash & Equivalents

$637M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.5B	$1.4B	+5.0%
Gross Profit	$1.1B	$1.0B	+9.3%
Operating Income	$226M	$170M	+33.5%
Net Income	$187M	$123M	+52.2%

Revenue Segments

Coach Segment

$1.1B76%

Kate Spade & Company

$297M20%

Stuart Weitzman

$68M5%

Geographic Segments

North America

$905M60%

Greater China

$286M19%

Other Asia

$237M16%

Non-US

$82M5%