# Tapestry, Inc. Common Stock (TPR) — Stock CV

Tapestry, Inc. is a $23.2B consumer company. Revenue grew 14.2% over the last year, and it keeps 19¢ of every dollar of sales as profit. It trades at 15.2× earnings.

> Based in New York City, Tapestry is the parent company of accessories and fashion brand Coach, which accounted for 86% of its revenue and all its operating profit in fiscal 2026. Coach was founded as a leathergoods company in 1941, and handbags represented 58% of its fiscal 2026 revenue.

## Identity

- **Ticker**: TPR
- **Sector**: Consumer Cyclical
- **Industry**: Leather & Leather Products
- **Headquarters**: NEW YORK, NY
- **Employees**: 20 600
- **Website**: https://www.tapestry.com
- **Market cap**: $23.2B
- **Last price**: $116.24
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $8.00B
- **Net income**: $1.53B
- **Free cash flow**: $1.81B
- **P/E**: 15.2
- **Revenue growth (YoY)**: 14.2%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 60 |
| Growth | 58 |
| Profitability | 65 |
| Health | 43 |
| Quality | 95 |
| Moat | 75 |

## Qualifications (beginner checklist) — 10 of 11 passed

- [x] Revenue growing — +14.2% YoY
- [x] Profitable — $1.53B TTM
- [x] Profit growing — +23.3% YoY
- [x] Generates cash — $1.81B TTM
- [x] Debt under control — current ratio 1.75
- [x] Established company — $23.2B market cap
- [x] Not printing shares — -25.7% shares over ~5y
- [x] Proven track record — 10/11 profitable years
- [ ] Financially stable — health score 43/100
- [x] Pays a dividend — yield 1.40%
- [x] Valuation not extreme — P/E 15.2

## Experience (career milestones)

- **FY2026** — Best year on record: $1.53B net income
- **2024** — Federal Trade Commission sued to block the acquisition in April 2024 citing reduced competition between their…
- **2023** — Tapestry announced it would acquire Capri Holdings in August 2023 for $8.5 billion
- **FY2021** — Became debt-free: cash now exceeds total debt
- **Oct 31, 2017** — The company officially changed its name and ticker symbol on the New York Stock Exchange from COH to TPR on October…
- **2017** — The company was purchased by Coach in 2017 in a $2.4 billion deal
- **FY2016** — First recorded profitable year: $461M net income
- **FY2016** — Revenue already above $1B: $4.49B in first reported year
- **FY2016** — Positive free cash flow every year since: 11-year streak
- **2015** — The brand was purchased by Coach in 2015 for $574 million
- **1971** — It was taken over by a Spanish company in 1971, and was bought by Stuart Weitzman in 1994

## Strengths

- High gross margin (77.8%)
- Revenue growing 14.2% year over year
- Strong cash conversion — FCF is 22.6% of revenue
- Interest covered 34.7× by operating earnings
- Piotroski F-Score 8/9 — fundamentally strong checklist

## Watch-outs

- Loss-making in 1 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2022 | $6.68B | $856M | $759M |
| FY2023 | $6.66B | $936M | $791M |
| FY2024 | $6.67B | $816M | $1.15B |
| FY2025 | $7.01B | $183M | $1.09B |
| FY2026 | $8.00B | $1.53B | $1.81B |

---

Source: https://stockcv.com/TPR — derived from company filings; may be delayed or incomplete. Information, not investment advice.