Filing Flows › Tapestry (TPR) › Q3 FY25
Tapestry (TPR) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 8, 2025
Tapestry (TPR) reported revenue of $1.6B for the third quarter fiscal 2025 (Q3 FY25), +7% from a year earlier and -28% from the quarter before. Operating margin was 16.0%, net earnings $203M (12.8% of revenue).
Tapestry, Q3 FY25: revenue $1.6B (+7% year over year), operating margin 16.0%, net earnings $203M, operating cash flow $144M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | -28% | +7% |
| Gross profit | $1.2B | -26% | +9% |
| Operating profit | $254M | -49% | +24% |
| Net earnings | $203M | -35% | +46% |
| Operating cash flow | $144M | -71% | +48% |
| Free cash flow | $113M | -76% | +44% |
What changed
Revenue was $1.6B in Q3 FY25, up 7% year over year and down 28% from the previous quarter. Coach was the largest line at 82% of revenue. Coach added $0.15B year over year (up 13%), 145% of the total change. Stuart Weitzman declined 18%.
Gross margin was 76.1%, up 1.4 points from a year earlier. Operating profit was $0.25B, a 16.0% margin (up 2.2 points year over year). Of the extra revenue versus a year earlier, 48% reached operating profit, above the 14% margin then. Operating expenses grew 5% against revenue growth of 7%. Net earnings were $0.20B, up 46% year over year. The effective tax rate was 15.0%.
Operating cash flow was $0.14B (up 48% year over year), 71% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.12B. Capital expenditures of $0.03B left free cash flow of $0.11B.
Questions
What was Tapestry's revenue in the third quarter fiscal 2025?
Tapestry (TPR) reported revenue of $1.6B for the third quarter fiscal 2025 (Q3 FY25), +7% from a year earlier and -28% from the quarter before.
Was Tapestry profitable in the third quarter fiscal 2025?
Operating profit was $254M (16.0% of revenue) and net earnings $203M.
Source: Tapestry 10-Q on SEC EDGAR.