Tapestry, Inc. is a New York-based company that operates as a house of iconic accessories and lifestyle brands, including Coach, Kate Spade, and Stuart Weitzman. The company is dedicated to innovation and authenticity, offering distinctive products and customer experiences across various channels and geographies . Tapestry's revenue is primarily generated through direct-to-consumer channels, including retail stores and e-commerce, as well as wholesale and licensing businesses .
- Coach - A global fashion house known for its accessories and lifestyle collections, contributing significantly to the company's net sales.
- Kate Spade - A global lifestyle brand recognized for its colorful and bold designs, playing a major role in the company's offerings.
- Stuart Weitzman - A luxury footwear brand that adds to the company's diverse portfolio with its high-end shoe collections.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
David Howard Executive | General Counsel & Secretary | None | General Counsel since June 2020 and Secretary since August 2020. Previously held legal roles at Mirant Corporation and Arnall Golden Gregory. | |
Denise Kulikowsky Executive | Chief People Officer | None | Chief People Officer since October 2023. Previously held HR leadership roles at Party City, Estée Lauder, and Gap Inc. | |
Joanne Crevoiserat Executive | Chief Executive Officer | Board Member at General Motors Co. | CEO of TPR since October 2020. Previously CFO of TPR and held senior roles at Abercrombie & Fitch, Kohl's, and Walmart. | |
Scott Roe Executive | Chief Financial Officer & COO | None | CFO since June 2021 and COO since August 2022. Previously CFO at VF Corporation. | |
Todd Kahn Executive | CEO & Brand President, Coach | None | CEO & Brand President of Coach since April 2021. Previously held legal and administrative roles at TPR. | |
Alan Lau Board | Director | Chief Business Officer at Animoca Brands, Vice-chair at M+, Co-chair at Tate and Guggenheim Asia Committees | Former Chairman and CEO of Tencent WeSure. Expertise in digital strategy and fintech. | |
Annabelle Yu Long Board | Director | Founding Partner at BAI Capital, Board Member at NIO Inc. and LexinFintech | Investment expert with deep knowledge of the Chinese consumer market and media landscape. | |
Anne Gates Board | Independent Chair of the Board | Board Member at Kroger, Raymond James Financial, Cynosure, UC Berkeley Foundation, Packard Foundation | Chair of TPR's Board since 2021. Former President of MGA Entertainment and senior executive at Disney. | |
Darrell Cavens Board | Director | Director at Rad Power Bikes and Vouched, Advisory Board Member at Brooks Running | Co-founder and former CEO of Zulily. Expertise in e-commerce and digital strategy. | |
David Elkins Board | Director | EVP & CFO at Bristol Myers Squibb | CFO of Bristol Myers Squibb. Extensive experience in finance and M&A. | |
Hanneke Faber Board | Director | CEO of Logitech, Board Member at Pepsi-Lipton JV, Chair at World Business Council for Sustainable Development | CEO of Logitech. Nearly 30 years of experience in consumer goods, retail, and technology. | |
John P. Bilbrey Board | Director | Executive Chairman of Olaplex Holdings, Board Member at Colgate-Palmolive and Elanco Animal Health | Former CEO of Hershey Company. Extensive experience in consumer goods and retail. | |
Kevin Hourican Board | Director | President & CEO of Sysco Corporation, Board Member at Sysco | CEO of Sysco Corporation. Leads large-scale transformation initiatives. | |
Pamela Lifford Board | Director | None | Former President of Warner Bros. Global Brands. Expertise in brand management and licensing. | |
Thomas Greco Board | Director | Director at Centene Corporation | Former CEO of Advance Auto Parts and Frito-Lay North America. Expertise in strategy and supply chain. |
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Given the district court's preliminary injunction on the Capri acquisition and your subsequent appeal, how will a potential deal break impact your capital allocation priorities, and what specific actions are you planning to enhance shareholder value in that scenario?
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With Kate Spade experiencing revenue declines and profit margin expansion primarily driven by cost management, what immediate steps are you taking to reignite top-line growth for the brand and address any execution challenges?
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In North America, you reported a 1% sales decline due to a planned decrease in wholesale, which impacted the quarter but is not expected to repeat; can you elaborate on how you plan to drive sequential improvement and achieve modest growth in this region for the rest of the fiscal year?
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Despite a 5% revenue decline in Greater China, you've increased top-of-funnel marketing investments in the region; how confident are you in seeing a return on these investments given the challenging market conditions, and what metrics are you using to measure success?
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Inventory levels at quarter-end were 9% above the prior year due to higher in-transits; how are you managing the risk of excess inventory, especially entering the holiday season, and what strategies are in place to align inventory levels with consumer demand?
Research analysts who have asked questions during TAPESTRY earnings calls.
Lorraine Hutchinson
Bank of America
4 questions for TPR
Michael Binetti
Evercore ISI
4 questions for TPR
Brooke Roach
Goldman Sachs Group, Inc.
3 questions for TPR
Irwin Boruchow
Wells Fargo Securities
3 questions for TPR
Matthew Boss
JPMorgan Chase & Co.
3 questions for TPR
Mark Altschwager
Robert W. Baird & Co.
2 questions for TPR
Robert Drbul
Guggenheim Securities
2 questions for TPR
Adrienne Yih
Barclays
1 question for TPR
Adrienne Yih-Tennant
Barclays
1 question for TPR
Aneesha Sherman
AllianceBernstein
1 question for TPR
Dana Telsey
Telsey Advisory Group
1 question for TPR
Ike Boruchow
Wells Fargo
1 question for TPR
Matt Boss
JPMorgan Chase & Co.
1 question for TPR
Paul Lejuez
Citigroup
1 question for TPR
Rakesh Patel
Raymond James
1 question for TPR
Rick Patel
Raymond James Financial
1 question for TPR
Tracy Kogan
Citigroup
1 question for TPR
Recent press releases and 8-K filings for TPR.
- Tapestry beat top- and bottom-line estimates and raised its full-year earnings forecast by $0.25 in February.
- In May, the company delivered its third consecutive quarterly beat and again raised sales and earnings guidance despite tariff uncertainty.
- Coach constant-currency revenue growth accelerated from 2% in November to 10% in February and 15% in May, driven by consumers seeking high-quality goods at reasonable prices.
- Kate Spade revenue has declined for eight straight quarters, falling 12% in May, with turnaround initiatives underway.
- Tapestry raised its ownership in Gen Phoenix to 9.9% via a $15 million funding round led by Material Impact.
- The expanded partnership includes a new three-year supply agreement to integrate Gen Phoenix’s sustainable recycled leather into Tapestry brands.
- The strategic alliance focuses on co-developing scalable, premium recycled leather to meet eco-conscious consumer demand and bolster supply chain resilience.
- Analysts maintain a consensus “Outperform” rating yet flag potential downside risk in Tapestry’s stock price.
- Material Definitive Agreement: On May 22, 2025, Tapestry entered into an agreement to refinance its existing unsecured revolving facility with a new $2 billion revolving credit facility maturing on May 22, 2030.
- Facility Features: The new facility allows for an increase of up to $750 million in commitments, includes standby letters of credit up to $125 million and Swing Line Loans up to $50 million, and is available in multiple currencies.
- Restrictive Covenants: The agreement imposes negative covenants that restrict additional debt issuance, mergers, and asset dispositions to manage leverage and maintain financial discipline.
- Tapestry reported record Q3 2025 revenue of $1.6 billion (up 7% vs prior year) with strong EPS performance, recording a GAAP diluted EPS of $0.95 and a non-GAAP diluted EPS of $1.03.
- The company raised its full-year outlook, now expecting approximately $6.95 billion in revenue and EPS in the area of $5.00 with further operating margin expansion.
- Tapestry remains committed to robust shareholder returns, targeting over $2 billion to be returned through dividends and share repurchases.