TAPESTRY, INC.
For the period ended Jun 28, 2025. Filed Aug 14, 2025.
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FY2025 · Filed Aug 14, 2025
TPR$136.07+2.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Fiscal Year Ended | |||
|---|---|---|---|
| June 28,2025 | June 29,2024 | July 1,2023 | |
| (millions, except per share data) | |||
| Net sales | $7,010.7 | $6,671.2 | $6,660.9 |
| Cost of sales | 1,721.8 | 1,781.7 | 1,946.0 |
| Gross profit | 5,288.9 | 4,889.5 | 4,714.9 |
| Other selling, general and administrative expenses | 4,019.1 | 3,749.4 | 3,542.5 |
| Impairment of goodwill and intangible assets | 854.8 | — | — |
| Operating income (loss) | 415.0 | 1,140.1 | 1,172.4 |
| Loss on extinguishment of debt | 120.1 | — | — |
| Interest expense, net | 85.4 | 125.0 | 27.6 |
| Other expense (income) | (6.6) | 3.2 | 1.7 |
| Income (loss) before provision for income taxes | 216.1 | 1,011.9 | 1,143.1 |
| Provision for income taxes | 32.9 | 195.9 | 207.1 |
| Net income (loss) | $183.2 | $816.0 | $936.0 |
| Net income (loss) per share: | |||
| Basic | $0.84 | $3.56 | $3.96 |
| Diluted | $0.82 | $3.50 | $3.88 |
| Shares used in computing net income (loss) per share: | |||
| Basic | 216.8 | 229.2 | 236.4 |
| Diluted | 222.5 | 233.2 | 241.3 |
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