NYSE$TPR
Tapestry, Inc · Q1 2025 earnings
Q1 2025 earnings · · Investor relations
Briefing
Tapestry's Q1 2025 results exceeded expectations, driven by growth in Coach and strong cash flow generation.
Tapestry, Inc. reported fiscal 2025 first quarter results with revenue approximately in-line with prior year and earnings ahead of the company's outlook, led by growth at Coach. The company achieved diluted EPS of $0.79 and record non-GAAP diluted EPS of $1.02. Tapestry is raising its Fiscal 2025 outlook.
- Revenue and earnings were above expectations, driven by Coach's growth.
- Diluted EPS reached $0.79, with a record non-GAAP diluted EPS of $1.02.
- Gross margin expanded by 280 basis points, with strong operating and free cash flow.
- The company is raising its Fiscal 2025 outlook.
Headline financials
Revenue & EPS history
Tapestry · Revenue · Quarterly
$1.51B
Revenue by segment
Tapestry · $1.51B total across 3 segments · Q1 2024
- Total Coach$1.16B+3.4%76.5%
- Total Kate Spade$303M-5.8%20.0%
- Stuart Weitzman$52.6M-19.4%3.5%
Forward guidance
Tapestry is raising its Fiscal 2025 outlook, which is provided on a non-GAAP basis. The Company now expects revenue of over $6.75 billion and Earnings per diluted share of $4.50 to $4.55.
Tailwinds
- Revenue of over $6.75 billion, representing growth of approximately 1% to 2% versus prior year on a reported and constant currency basis
- Operating margin expansion over 50 basis points compared to prior year
- Net interest income of approximately $20 million
- Tax rate of approximately 19%
- Earnings per diluted share of $4.50 to $4.55, representing mid-single digit growth compared to the prior year
Headwinds
- No revenue, net interest, or earnings impact related to the proposed acquisition of Capri Holdings Limited
- No impact from any potential future share repurchase activity in the Fiscal Year
- No further appreciation of the U.S. Dollar; information provided based on spot rates at the time of forecast
- No material worsening of inflationary pressures or consumer confidence
- No benefit from the potential reinstatement of the Generalized System of Preferences (“GSP”)
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2025
+0.2%
Avg return
Earnings day
+2.2%
Avg return
5 days after
+2.7%
Avg return
30 days after
56%
40 / 71 earnings
Positive
+18.8%
Q3 2022
Best reaction
-20.2%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +1.7% | -12.0% | -6.0% | |
| Q2 2026 | +10.2% | +17.9% | +11.0% | |
| Q1 2026 | -9.5% | -6.7% | +6.4% | |
| Q3 2025 | +3.6% | +11.8% | +5.6% | |
| Q2 2025 | +12.0% | +10.9% | +2.1% | |
| Q1 2025 | +4.9% | +2.8% | +25.1% | |
| Q4 2024 | +6.4% | +6.4% | +12.6% | |
| Q3 2024 | +2.8% | +8.0% | +11.3% | |
| Q2 2024 | +4.1% | +5.8% | +16.7% | |
| Q1 2024 | +2.4% | +11.1% | +22.1% | |
| Q4 2023 | +0.8% | -14.2% | -22.7% | |
| Q3 2023 | +10.9% | +12.8% | +14.9% | |
| Q2 2023 | +2.8% | +4.4% | -4.3% | |
| Q1 2023 | +13.3% | +12.0% | +16.6% | |
| Q4 2022 | -0.8% | -1.6% | +2.1% | |
| Q3 2022 | +18.8% | +24.5% | +23.3% | |
| Q2 2022 | -3.8% | +0.0% | -15.6% | |
| Q1 2022 | +6.9% | +7.0% | +1.5% | |
| Q4 2021 | -2.1% | +4.5% | -2.6% | |
| Q3 2021 | +1.5% | -3.9% | -11.7% | |
| Q2 2021 | +8.5% | +10.8% | +21.1% | |
| Q1 2021 | +4.3% | +12.9% | +36.1% | |
| Q4 2020 | +2.1% | -1.7% | +3.5% | |
| Q3 2020 | -11.1% | -13.4% | -20.2% | |
| Q2 2020 | -1.5% | +0.7% | -23.6% | |
| Q1 2020 | -2.2% | +2.7% | -4.0% | |
| Q4 2019 | -20.2% | -15.8% | +0.7% | |
| Q3 2019 | +4.9% | +0.1% | -1.6% | |
| Q2 2019 | -13.9% | -10.1% | -14.7% | |
| Q1 2019 | +3.7% | +4.9% | -6.8% | |
| Q4 2018 | +9.7% | +8.3% | +5.3% | |
| Q3 2018 | -13.8% | -14.2% | -18.7% | |
| Q2 2018 | +11.4% | +9.1% | +15.5% | |
| Q1 2018 | -3.4% | -1.6% | +1.2% | |
| Q4 2017 | -15.0% | -15.7% | -13.1% | |
| Q3 2017 | +10.1% | +10.1% | +19.2% | |
| Q2 2017 | +5.1% | +2.2% | +6.8% | |
| Q1 2017 | -1.2% | -1.5% | +1.1% | |
| Q4 2016 | -4.5% | -5.1% | -9.7% | |
| Q3 2016 | +4.5% | — | — | |
| Q2 2016 | +12.7% | — | — | |
| Q1 2016 | +2.2% | — | — | |
| Q4 2015 | +4.3% | — | — | |
| Q3 2015 | -9.0% | — | — | |
| Q2 2015 | +2.0% | — | — | |
| Q1 2015 | -6.5% | — | — | |
| Q4 2014 | +2.3% | — | — | |
| Q3 2014 | -11.4% | — | — | |
| Q2 2014 | -6.1% | — | — | |
| Q1 2014 | -10.4% | — | — | |
| Q4 2013 | -8.2% | — | — | |
| Q3 2013 | +11.2% | — | — | |
| Q2 2013 | -16.1% | — | — | |
| Q1 2013 | +6.0% | — | — | |
| Q4 2012 | -17.7% | — | — | |
| Q3 2012 | -4.0% | — | — | |
| Q2 2012 | +7.9% | — | — | |
| Q1 2012 | -0.4% | — | — | |
| Q4 2011 | +1.2% | — | — | |
| Q3 2011 | +0.9% | — | — | |
| Q2 2011 | +0.7% | — | — | |
| Q1 2011 | -0.5% | — | — | |
| Q4 2008 | -1.7% | — | — | |
| Q4 2010 | -1.7% | — | — | |
| Q3 2010 | -6.5% | — | — | |
| Q3 2009 | -6.5% | — | — | |
| Q2 2010 | -3.5% | — | — | |
| Q2 2009 | -3.5% | — | — | |
| Q1 2009 | +3.5% | — | — | |
| Q4 2009 | +3.5% | — | — | |
| Q1 2010 | +3.5% | — | — |
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