TAPESTRY, INC.
For the period ended Jun 28, 2025. Filed Aug 14, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Aug 14, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Schedule II — Valuation and Qualifying Accounts
For the Fiscal Years Ended June 28, 2025, June 29, 2024 and July 1, 2023
| Balance at Beginningof Year | Additions Charged to Costs and Expenses | Write-offs/Allowances Taken | Balance atEnd of Year | |
|---|---|---|---|---|
| (millions) | ||||
| Allowance for credit losses(1) | $6.9 | $3.6 | $(3.8) | $6.7 |
| Allowance for returns(1) | 11.2 | 17.3 | (12.8) | 15.7 |
| Allowance for markdowns(1) | 9.6 | 17.4 | (14.8) | 12.2 |
| Valuation allowance | 32.1 | — | (14.5) | 17.6 |
| Total | $59.8 | $38.3 | $(45.9) | $52.2 |
| Allowance for credit losses | $5.8 | $4.3 | $(3.2) | $6.9 |
| Allowance for returns | 15.3 | 10.4 | (14.5) | 11.2 |
| Allowance for markdowns | 11.3 | 14.9 | (16.6) | 9.6 |
| Valuation allowance | 34.3 | — | (2.2) | 32.1 |
| Total | $66.7 | $29.6 | $(36.5) | $59.8 |
| Allowance for credit losses | $3.7 | $5.7 | $(3.6) | $5.8 |
| Allowance for returns | 11.2 | 14.2 | (10.1) | 15.3 |
| Allowance for markdowns | 11.6 | 17.6 | (17.9) | 11.3 |
| Valuation allowance | 51.6 | — | (17.3) | 34.3 |
| Total | $78.1 | $37.5 | $(48.9) | $66.7 |
(1)Fiscal 2025 balances at end of year for Allowance for credit losses, Allowance for returns and Allowance for markdowns includes balances for the Stuart Weitzman Business of $1.0 million, $7.4 million, and $4.2 million, respectively, which are presented in the Consolidated Balance Sheet as Assets held for sale as of June 28, 2025. Refer to Note 5, "Acquisitions and Divestitures," for further information.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.