TAPESTRY, INC.
For the period ended Dec 27, 2025. Filed Feb 5, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 27, 2025 · Filed Feb 5, 2026
TPR$135.62-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Condensed Consolidated Balance Sheets
| December 27,2025 | June 28,2025 | |
|---|---|---|
| (millions) | ||
| (unaudited) | ||
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $1,053.3 | $1,100.0 |
| Short-term investments | 24.4 | 19.6 |
| Trade accounts receivable, less allowances for credit losses of $7.2 and $5.7, respectively | 338.0 | 239.3 |
| Inventories | 896.4 | 860.7 |
| Income tax receivable | 231.5 | 277.3 |
| Prepaid expenses | 139.4 | 133.8 |
| Other current assets | 107.8 | 98.5 |
| Assets held for sale | — | 176.4 |
| Total current assets | 2,790.8 | 2,905.6 |
| Property and equipment, net of accumulated depreciation of $1,259.6 and $1,215.0, respectively | 492.0 | 489.5 |
| Operating lease right-of-use assets | 1,382.9 | 1,331.0 |
| Goodwill | 966.7 | 983.3 |
| Intangible assets | 718.0 | 719.6 |
| Deferred income taxes | 33.8 | 33.8 |
| Other assets | 146.8 | 117.7 |
| Total assets | $6,531.0 | $6,580.5 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current Liabilities: | ||
| Accounts payable | $564.6 | $456.1 |
| Accrued liabilities | 821.0 | 736.9 |
| Current portion of operating lease liabilities | 313.9 | 299.0 |
| Current debt | 17.1 | 16.7 |
| Liabilities held for sale | — | 48.2 |
| Total current liabilities | 1,716.6 | 1,556.9 |
| Long-term debt | 2,379.3 | 2,377.9 |
| Long-term operating lease liabilities | 1,233.4 | 1,205.6 |
| Deferred income taxes | 198.3 | 79.8 |
| Other liabilities | 452.2 | 502.5 |
| Total liabilities | 5,979.8 | 5,722.7 |
| See Note 14 on commitments and contingencies | ||
| Stockholders' Equity: | ||
| Preferred stock: (authorized 25.0 million shares; $0.01 par value per share) none issued | — | — |
| Common stock: (authorized 1.00 billion shares; $0.01 par value per share) issued and outstanding - 202.7 million and 208.1 million shares, respectively | 2.0 | 2.1 |
| Additional paid-in-capital | 4,037.7 | 3,673.7 |
| Retained earnings (accumulated deficit) | (3,286.9) | (2,556.8) |
| Accumulated other comprehensive income (loss) | (201.6) | (261.2) |
| Total stockholders' equity | 551.2 | 857.8 |
| Total liabilities and stockholders' equity | $6,531.0 | $6,580.5 |
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