Tapestry (TPR) Revenue — Quarter Ended Mar 30, 2024
Revenue declined in the current quarter compared to both the prior quarter and the same quarter last year. The decrease was more pronounced sequentially than on an annual basis.
Key takeaway
Quarter ended Mar 30, 2024 · FY2024 Q3
Revenue declined in the current quarter compared to both the prior quarter and the same quarter last year. The decrease was more pronounced sequentially than on an annual basis.
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
-28.9%
Change from the immediately preceding quarter.
Year-over-year
-1.8%
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 |
|---|---|---|
| Jul 1, 2023 | $1.6B | -0.3% |
| Sep 30, 2023 | $1.5B | +0.4% |
| Dec 30, 2023 | $2.1B | +2.9% |
| Mar 30, 2024 | $1.5B | -1.8% |
Revenue performance
The reported revenue moved downward from the immediately preceding quarter, reflecting a sequential contraction. Compared with the same quarter one year earlier, revenue also decreased, though at a more moderate pace.
Quarterly comparison
Sequentially, revenue fell from the prior quarter, while the year-over-year comparison showed a smaller decline. The trailing twelve-month revenue remained above the current quarterly level.
What to watch
The sequential revenue decline warrants attention, particularly given the more moderate year-over-year decrease.