Tapestry (TPR) 10-K Summary — Year Ended Jun 29, 2024
The filing provides an overview of the company's business, risk factors, and financial condition. Revenue remained stable, while operating income and net income were positive, supported by strong operating cash flow.
Key takeaway
Year ended Jun 29, 2024 · FY2025 10-K
The filing provides an overview of the company's business, risk factors, and financial condition. Revenue remained stable, while operating income and net income were positive, supported by strong operating cash flow.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$6.7B
Revenue reported for the fiscal year.
Operating income
$1.1B
Income from operations reported for the year.
Net income
$816M
Net income reported for the year.
Operating cash flow
$1.3B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 3, 2021 | $5.7B | n/a |
| Jul 2, 2022 | $6.7B | +16.3% |
| Jul 1, 2023 | $6.7B | -0.4% |
| Jun 29, 2024 | $6.7B | +0.2% |
Business overview
The filing describes the company's business in Item 1 of the Business overview section. It also references risk factors and other standard disclosures.
Financial performance
Revenue was essentially unchanged compared to the prior year. Operating income and net income were reported at levels consistent with the company's scale, and operating cash flow was robust.
Material risks
The filing identifies risk factors in Item 1A, covering areas that could affect the company's operations and financial results. These risks are described in the Risk Factors section.
Liquidity and capital
The filing includes a discussion of liquidity and capital resources, covering changes in cash flow, working capital, and capital expenditures.
What to watch
Monitor the revenue trend in the next filing, as it has remained flat in recent periods.