NYSE$TPR
Tapestry, Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Holiday quarter exceeded expectations and underscored the power of the acceleration program.
Tapestry, Inc. reported fiscal 2021 second quarter results that significantly outpaced expectations, driven by the successful execution of their Acceleration Program, with a sharpened focus on the consumer, new customer acquisition across all brands, and notable sales gains in Digital and China. The company generated strong operating income growth supported by a reduction in promotional activity and higher AUR, as well as disciplined inventory and expense management.
- Achieved significant sequential improvement in revenue trends across all brands, led by North America
- Drove triple-digit e-commerce growth versus prior year, with digital representing approximately one-third of global sales, including nearly half of revenue in North America
- Posted over 30% year-over-year revenue growth in Mainland China
- Increased gross margin, primarily driven by lower, more disciplined promotional activity, resulting approximately 300 basis points of improvement year-over-year
Headline financials
Revenue & EPS history
Tapestry · Revenue · Quarterly
$1.69B
Revenue by segment
Tapestry · $1.69B total across 3 segments · Q2 2021
- Total Coach$1.23B-3.5%72.7%
- Total Kate Spade$376M-12.7%22.3%
- Stuart Weitzman$84.5M-27.0%5.0%
Forward guidance
Tapestry expects revenue for the fiscal year to increase at a high-single digit rate on a 52-week basis and in the area of 10% on 53-week basis.
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 Q2 2021
+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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