← TAPESTRY, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $4.5b | $4.5b | $5.9b | $6.0b | $5.0b | $5.7b | $6.7b | $6.7b | $6.7b | $7.0b | |
| Cost of Goods and Services Sold | $1.4b | $1.4b | $2.0b | $2.0b | $1.7b | $1.7b | $2.0b | $1.9b | $1.8b | $1.7b | |
| Gross Profit | $3.1b | $3.1b | $3.9b | $4.1b | $3.2b | $4.1b | $4.7b | $4.7b | $4.9b | $5.3b | |
| Operating Income (Loss) | $653.5m | $787.4m | $670.8m | $814.1m | ($550.8m) | $968.0m | $1.2b | $1.2b | $1.1b | $415.0m | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | — | — | — | — | — | — | — | $6.5m | $6.5m | $5.2m | |
| Capitalized Computer Software, Amortization | — | — | — | — | — | — | — | — | $55.0m | $62.0m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $210.7m | $0 | $0 | $0 | $0 | $244.1m | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | — | $365.5m | $161.2m | $335.5m | ($496.4m) | $341.0m | $392.0m | $421.5m | $139.0m | ($655.8m) | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | — | — | — | $1.0b | $1.1b | $1.0b | $216.1m | |
| Net Income (Loss) Attributable to Parent | $460.5m | $591.0m | $397.5m | $643.4m | ($652.1m) | $834.2m | $856.3m | $936.0m | $816.0m | $183.2m | |
| Earnings Per Share, Basic | $1.66 | $2.11 | $1.39 | $2.22 | ($2.34) | $3.00 | $3.24 | $3.96 | $3.56 | $0.84 | |
| Earnings Per Share, Diluted | $1.65 | $2.09 | $1.38 | $2.21 | ($2.34) | $2.95 | $3.17 | $3.88 | $3.50 | $0.82 | |
| Common Stock, Dividends, Per Share, Declared | $1.35 | $1.35 | $1.35 | $1.35 | $1.01 | $0.00 | $1.00 | $1.20 | $1.40 | $1.40 | |
| Weighted Average Number of Shares Outstanding, Basic | 277.6m | 280.6m | 285.4m | 289.4m | 278.6m | 277.9m | 264.3m | 236.4m | 229.2m | 216.8m | |
| Weighted Average Number of Shares Outstanding, Diluted | 279.3m | 282.8m | 288.6m | 290.8m | 278.6m | 283.0m | 270.1m | 241.3m | 233.2m | 222.5m | |
| Selling, General and Administrative Expense | $2.4b | $2.3b | $3.2b | $3.2b | — | — | — | $3.5b | $3.7b | $4.0b | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | $700k | ($16.4m) | ($1.7m) | ($3.2m) | $6.6m | |
| Current Income Tax Expense (Benefit) | $218.4m | $90.0m | $250.2m | $88.3m | $143.6m | $10.5m | $161.3m | $165.9m | $193.4m | $172.7m | |
| Interest Expense, Debt | $32.9m | $26.8m | $86.3m | $66.9m | $71.5m | $73.5m | $68.8m | $72.8m | $369.6m | $271.2m | |
| Other Expenses | — | — | — | — | $13.3m | — | — | — | — | — | |
| Restructuring Costs | $17.7m | $8.5m | $134.9m | $32.5m | $14.0m | $0 | $0 | — | — | — | |
| Income Tax Expense (Benefit) | $166.1m | $168.0m | $199.3m | $122.8m | $27.9m | $63.1m | $190.7m | $207.1m | $195.9m | $32.9m | |
| Interest Income (Expense), Net | ($26.9m) | ($28.4m) | ($74.0m) | ($47.9m) | ($60.1m) | ($71.4m) | ($58.7m) | ($27.6m) | ($125.0m) | ($85.4m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.