Tapestry (TPR) Revenue — Quarter Ended Sep 30, 2023
Revenue declined in the current quarter compared to the prior quarter. Compared to the same quarter one year earlier, revenue increased slightly.
Key takeaway
Quarter ended Sep 30, 2023 · FY2024 Q1
Revenue declined in the current quarter compared to the prior quarter. Compared to the same quarter one year earlier, revenue increased slightly.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.5B
Revenue reported for this quarter.
Quarter-over-quarter
-6.6%
Change from the immediately preceding quarter.
Year-over-year
+0.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $2B | -5.4% |
| Apr 1, 2023 | $1.5B | +5.0% |
| Jul 1, 2023 | $1.6B | -0.3% |
| Sep 30, 2023 | $1.5B | +0.4% |
Revenue performance
Reported revenue moved downward from the immediately preceding quarter. The trend data shows revenue was lower than the prior sequential period.
Quarterly comparison
On a year-over-year basis, revenue moved upward modestly from the same quarter a year ago. This contrasts with the sequential decline, indicating a mixed performance against different comparison periods.
What to watch
The sequential revenue decline warrants attention to see if it signals a broader trend.