Tapestry (TPR) FY2024 results: revenue $6.7 billion, up 0.2% on the year
Tapestry, Inc. (TPR) reported revenue of $6.7 billion for fiscal 2024, the year ended 29 June 2024, up 0.2% on the year before. Net income was $816 million, down 12.8%, and diluted earnings per share $3.50. The figures are the company's own, from the 10-K it filed with the SEC on 15 August 2024.
Revenue
$6.7 billion
+0.2% on the year
FY2017FY2024
Operating margin
17.1%
17.6% a year earlier
FY2017FY2024
Net income
$816 million
-12.8% on the year
FY2017FY2024
Diluted EPS
$3.50
-9.8% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,256
975
853
+28.8%
Capital expenditure
109
184
93.9
-40.9%
Free cash flow
1,147
791
759
+45.0%
Free cash flow margin
17.2%
11.9%
11.4%
Cash from investing
-1,042
5.7
-254
Cash from financing
5,214
-1,036
-1,778
Depreciation and amortisation
174
182
195
-4.5%
Share-based compensation
85.9
78.8
72.2
+9.0%
Buybacks
0.0
704
1,600
Dividends paid
321
283
264
+13.4%
Dividend per share
$1.40
$1.20
$1.00
+16.7%
Diluted shares, weighted
233m
241m
270m
-3.4%
Shares outstanding at period end
230m
227m
241m
+1.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,897
2,278
2,286
+27.2%
Debt
7,241
1,661
1,690
+336.0%
Operating lease liabilities
1,224
1,334
1,282
-8.2%
Finance lease liabilities
0.0
1.2
2.4
Other liabilities
2,035
1,843
2,005
+10.4%
Total liabilities and equity
13,396
7,117
7,265
+88.2%
Goodwill
1,204
1,228
1,242
-1.9%
Intangible assets
1,354
1,360
1,367
-0.5%
Investments
1,063
16.7
164
+6,265.9%
Cash and equivalents
6,142
726
790
+745.9%
Receivables
228
212
252
+7.9%
Inventory
825
920
994
-10.3%
Other assets
2,580
2,655
2,457
-2.8%
Total assets
13,396
7,117
7,265
+88.2%
10-K for the year ended 29 June 2024, filed 15 August 2024: the filing.