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    TAPESTRY (TPR)

    Q3 2025 Earnings Summary

    Reported on May 8, 2025 (Before Market Open)
    Pre-Earnings Price$74.75Last close (May 7, 2025)
    Post-Earnings Price$79.19Open (May 8, 2025)
    Price Change
    $4.44(+5.94%)
    MetricYoY ChangeReason

    Total Revenue

    +7% ( )

    Total revenue increased 7% YoY to $1,584.6M, largely driven by robust performance from Coach and growth in both domestic and international markets, building on the strong brand executions seen in prior periods.

    Coach

    +13% ( )

    Coach revenue climbed 13% YoY to $1,293.5M as a result of continued product innovation, effective brand positioning, and superior store and e-commerce performance, echoing previously observed trends of strategic brand-building and customer engagement.

    Kate Spade

    -13% ( )

    Kate Spade revenue fell by 13% YoY to $244.9M, reflecting persistent challenges including declining DTC sales and a strategic reset, consistent with prior period difficulties in stabilizing the brand’s performance.

    Stuart Weitzman

    -18% ( )

    Stuart Weitzman revenue dropped almost 18% YoY to $46.2M, continuing the trend of softness driven by shipment timing issues and lower sales—challenges that were evident in earlier periods and remain unresolved.

    North America

    +9% ( )

    North America posted a 9% increase YoY to $951.7M fueled by strong Coach growth and stable regional strategies, aligning with previous trends of robust domestic performance.

    Other Region

    +19% ( )

    The Other Asia region experienced a 19% boost YoY to $121.9M, driven by impressive sales in Australia, New Zealand, South Korea, and Malaysia, signifying a marked recovery and expansion from trends noted in earlier periods.

    Net Income

    +46% ( )

    Net income surged by 46% YoY to $203.3M, a significant improvement attributed to better cost and tax management, margin expansion, and efficient operations, building on the margin improvements reported in prior periods.

    Operating Income

    +24% ( )

    Operating income increased by 24% YoY to $253.7M, driven by enhanced gross margins—most notably from Coach—and improved operational efficiencies, even as higher SG&A expenses partially offset gains seen in previous periods.

    MetricPeriodGuidanceActualPerformance
    EPS
    Q3 2025
    "$0.85"
    Approximately "$0.91", calculated from Net Income of 203.3÷ ~223M shares
    Beat
    Revenue Growth (YoY)
    Q3 2025
    "3% on a reported basis in the second half"
    6.9% YoY increase (1,584.6Vs. 1,482.4)
    Beat
    Inventory Level
    Q3 2025
    "Expected to remain above the prior year"
    873.5Vs. 824.1In Q3 2024 (i.e., higher than prior year)
    Met

    Research analysts covering TAPESTRY.