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U.S. COMPANY FILING

TAPESTRY, INC. — Form 10-Q filed 2025-11-06

Filed: 2025-11-06Company: TAPESTRY, INC.Ticker: TPRExchange: NYSEForm: 10-QReport period: 2025-09-27SEC accession: 0001116132-25-000025Event: earningsMateriality: 85

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Tapestry reported Q1 FY2026 net sales of $1,704.6M, up 13% YoY, with net income of $274.8M and diluted EPS of $1.28. Coach drove growth, while Kate Spade and Stuart Weitzman declined. The Stuart Weitzman divestiture closed, resulting in a $22.6M pre-tax loss. Capri acquisition-related debt was redeemed. Gross margin was negatively impacted by ~70 bps due to tariffs.

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