Tapestry (TPR) Revenue — Quarter Ended Sep 28, 2024
Revenue for the quarter decreased compared to both the prior quarter and the same quarter last year. The decline was more pronounced sequentially than on an annual basis.
Key takeaway
Quarter ended Sep 28, 2024 · FY2025 Q1
Revenue for the quarter decreased compared to both the prior quarter and the same quarter last year. The decline 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
-5.3%
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 30, 2023 | $2.1B | +2.9% |
| Mar 30, 2024 | $1.5B | -1.8% |
| Jun 29, 2024 | $1.6B | -1.8% |
| Sep 28, 2024 | $1.5B | -0.4% |
Revenue performance
The reported revenue reflects a contraction from the preceding quarter, continuing a pattern of sequential declines observed in recent periods.
Quarterly comparison
Compared to the immediately preceding quarter, revenue fell, while the year-over-year comparison also showed a slight decrease. The sequential decline was larger than the annual decline.
What to watch
Monitor whether the sequential revenue decline continues in the next quarter.