Tapestry said full-year fiscal 2025 net sales totaled $7.01 billion, an increase of 5% versus the prior year, with Coach brand revenue up 10% and Kate Spade brand revenue down 10%.

1. 01

   Tapestry said full-year fiscal 2025 net sales totaled $7.01 billion, an increase of 5% versus the prior year, with Coach brand revenue up 10% and Kate Spade brand revenue down 10%.

2. 02

   The company recorded impairment charges on the indefinite-lived brand intangible asset and goodwill for Kate Spade of $855 million in Q4, which it said resulted from a decline in both current and future expected cash flows, including an estimated impact of cost increases due to changes in tariff and trade policies. GAAP net loss for Q4 was $517 million.

3. 03

   Tapestry said cash flow from operating activities for fiscal 2025 was an inflow of $1.22 billion, and it returned $2.3 billion to shareholders through dividends and share repurchases.

4. 04

   The company said it is initiating its fiscal 2026 non-GAAP outlook with revenue approaching $7.2 billion and earnings per diluted share of $5.30 to $5.45, and it noted that the outlook reflects a negative tariff and duty impact of approximately $160 million.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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