Tapestry market cap is $13.6 b, and annual revenue was $4.96 b in FY 2020

Tapestry Gross profit (Q3, 2021)911.9 M

Tapestry Gross profit margin (Q3, 2021), %71.6%

Tapestry Net income (Q3, 2021)91.7 M

Tapestry EBIT (Q3, 2021)116.7 M

Tapestry Cash, 27-Mar-20211.7 B

Tapestry EV13.9 B

Tapestry revenue was $4.96 b in FY, 2020 which is a 17.7% year over year decrease from the previous period.

Tapestry revenue breakdown by business segment: 5.8% from Stuart Weitzman, 23.2% from Kate Spade and 71.1% from Coach

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Revenue | 5.9b | 6.0b | 5.0b |

| 3% | (18%) | |

## Cost of goods sold | 2.0b | 2.0b | 1.7b |

## Gross profit | 3.9b | 4.1b | 3.2b |

| 66% | 67% | 65% |

## General and administrative expense | 3.2b | 3.2b | 3.3b |

## Operating expense total | 3.2b | 3.2b | 3.8b |

## EBIT | 670.8m | 814.1m | (550.8m) |

| 11% | 14% | (11%) |

## Interest expense | 74.0m | 47.9m | 60.1m |

## Pre tax profit | 596.8m | 766.2m | (624.2m) |

## Income tax expense | 199.3m | 122.8m | 27.9m |

## Net Income | 397.5m | 643.4m | (652.1m) |

## EPS | 1.4 | 2.2 | (2.3) |

USD | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
---|---|---|---|---|---|---|---|---|---|---|---|

## Revenue | 1.8b | 1.3b | 1.4b | 1.8b | 1.3b | 1.4b | 1.8b | 1.1b | 1.2b | 1.7b | 1.3b |

## Cost of goods sold | 607.6m | 413.5m | 446.1m | 597.3m | 415.5m | 443.4m | 606.3m | 456.5m | 342.0m | 511.7m | 361.4m |

## Gross profit | 1.2b | 908.9m | 935.1m | 1.2b | 915.9m | 914.5m | 1.2b | 616.2m | 830.2m | 1.2b | 911.9m |

| 66% | 69% | 68% | 67% | 69% | 67% | 67% | 57% | 71% | 70% | 72% |

## General and administrative expense | 831.0m | 749.9m | 777.4m | 822.8m | 810.1m | 862.9m | 846.6m | 1.3b | 628.0m | 784.3m | 795.2m |

## Operating expense total | 831.0m | 749.9m | 777.4m | 822.8m | 810.1m | 862.9m | 846.6m | 1.8b | 628.0m | 784.3m | 795.2m |

## EBIT | 346.4m | 159.0m | 157.7m | 380.7m | 105.8m | 51.6m | 363.1m | (685.5m) | 202.2m | 389.4m | 116.7m |

| 19% | 12% | 11% | 21% | 8% | 4% | 20% | (64%) | 17% | 23% | 9% |

## Interest expense | 22.2m | 16.9m | 13.1m | 13.2m | 10.6m | 12.3m | 14.0m | 13.5m | |||

## Pre tax profit | 324.2m | 142.1m | 144.6m | 367.5m | 95.2m | 26.6m | 355.0m | (705.0m) | 185.4m | 374.3m | 95.4m |

## Income tax expense | 261.0m | 1.8m | 22.3m | 112.7m | (22.2m) | 6.6m | 56.2m | (27.9m) | (46.3m) | 63.3m | 3.7m |

## Net Income | 63.2m | 140.3m | 122.3m | 254.8m | 117.4m | 20.0m | 298.8m | (677.1m) | 231.7m | 337.1m | 91.7m |

## EPS | 0.2 | 0.5 | 0.4 | 0.9 | 0.4 | 0.1 | 1.1 | (2.4) | 0.8 |

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Cash | 1.2b | 969.2m | 1.4b |

## Accounts Receivable | 314.1m | 298.1m | 193.3m |

## Prepaid Expenses | 82.6m | 99.8m | 57.5m |

## Inventories | 673.8m | 778.3m | 736.9m |

## Current Assets | 2.4b | 2.6b | 2.6b |

## PP&E | 885.4m | 938.8m | 775.2m |

## Goodwill | 1.5b | 1.5b | 1.3b |

## Total Assets | 6.7b | 6.9b | 7.9b |

## Accounts Payable | 264.3m | 243.6m | 130.8m |

## Short-term debt | 700.0k | 800.0k | 1.1b |

## Current Liabilities | 938.2m | 6.9b | 1.7b |

## Long-term debt | 1.6b | 1.6b | 3.4b |

## Total Debt | 1.6b | 1.6b | 4.5b |

## Total Liabilities | 3.4b | 3.4b | 5.6b |

## Common Stock | 2.9m | 2.9m | 2.8m |

## Additional Paid-in Capital | 3.2b | 3.3b | 3.4b |

## Retained Earnings | 119.0m | 291.6m | (992.7m) |

## Total Equity | 3.2b | 3.5b | 2.3b |

## Debt to Equity Ratio | 0.5 x | 0.5 x | 2 x |

## Debt to Assets Ratio | 0.2 x | 0.2 x | 0.6 x |

## Financial Leverage | 2.1 x | 2 x | 3.5 x |

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Net Income | 397.5m | 643.4m | (652.1m) |

## Depreciation and Amortization | 260.3m | 268.2m | 248.3m |

## Accounts Receivable | (5.6m) | 25.7m | 61.9m |

## Inventories | 30.4m | (104.7m) | (58.6m) |

## Accounts Payable | (77.3m) | (39.8m) | (91.7m) |

## Cash From Operating Activities | 996.7m | 791.7m | 407.0m |

## Purchases of PP&E | (2.4b) | (274.2m) | (205.4m) |

## Cash From Investing Activities | (2.2b) | (574.2m) | 44.3m |

## Long-term Borrowings | (1.1b) | (800.0k) | |

## Dividends Paid | (384.1m) | (390.7m) | (380.3m) |

## Cash From Financing Activities | (249.9m) | (484.9m) | 5.9m |

## Net Change in Cash | (1.4b) | (274.2m) | 457.1m |

## Interest Paid | 63.0m | 45.4m | 68.1m |

## Income Taxes Paid | 16.4m | 183.8m | 87.2m |

USD | Q2, 2018 |
---|---|

## Debt/Equity | 0.9 x |

## Debt/Assets | 0.4 x |

## Financial Leverage | 2.5 x |