secwatch.observer — SEC 8-K summary
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Issuer:     TAPESTRY, INC. (TPR)
CIK:        0001116132
Form:       8-K
Filed at:   2024-08-15T23:59:59+00:00
Accession:  0001140361-24-037418
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tapestry Q4 non-GAAP EPS $0.92 beats; FY2024 record non-GAAP EPS $4.29; FY2025 outlook $4.45-$4.50
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- Q4 net sales $1.59B (flat constant currency); FY2024 revenue $6.67B (+1% constant currency); gross margin 73.3% (up 250bps).
- FY2024 non-GAAP diluted EPS $4.29 (record, +10.6% YoY); operating cash flow $1.26B, free cash flow $1.15B.
- Coach brand FY2024 revenue $5.095B (record, +4% constant currency); Kate Spade -5%, Stuart Weitzman -13%.
- FY2025 guidance: revenue ~$6.7B, non-GAAP EPS $4.45-$4.50, operating margin +50bps, free cash flow ~$1.1B.
- Capri acquisition: $6.1B senior notes issued; FTC lawsuit filed Apr.22; company confident to close calendar 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1116132/000114036124037418/0001140361-24-037418-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1116132/000114036124037418/ef20034103_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-037418

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer