TAPESTRY, INC.
For the period ended Jun 27, 2026. Filed Aug 13, 2026.
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FY2026 · Filed Aug 13, 2026
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 Balance Sheets
| June 27,2026 | June 28,2025 | |
|---|---|---|
| (millions) | ||
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $974.7 | $1,100.0 |
| Short-term investments | 177.3 | 19.6 |
| Trade accounts receivable, less allowances for credit losses of $6.1 and $5.7, respectively | 237.1 | 239.3 |
| Inventories | 826.2 | 860.7 |
| Income tax receivable | 269.3 | 277.3 |
| Prepaid expenses | 155.2 | 133.8 |
| Other current assets | 242.5 | 98.5 |
| Assets held for sale | — | 176.4 |
| Total current assets | 2,882.3 | 2,905.6 |
| Property and equipment, net of accumulated depreciation of $1,264.2 and $1,215.0, respectively | 502.1 | 489.5 |
| Operating lease right-of-use assets | 1,417.2 | 1,331.0 |
| Goodwill | 957.7 | 983.3 |
| Intangible assets | 716.5 | 719.6 |
| Deferred income taxes | 35.7 | 33.8 |
| Other assets | 180.2 | 117.7 |
| Total assets | $6,691.7 | $6,580.5 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Accounts payable | $582.3 | $456.1 |
| Accrued liabilities | 754.9 | 736.9 |
| Current portion of operating lease liabilities | 307.8 | 299.0 |
| Current debt | — | 16.7 |
| Liabilities held for sale | — | 48.2 |
| Total current liabilities | 1,645.0 | 1,556.9 |
| Long-term debt | 2,379.0 | 2,377.9 |
| Long-term operating lease liabilities | 1,266.2 | 1,205.6 |
| Deferred income taxes | 172.8 | 79.8 |
| Other liabilities | 536.6 | 502.5 |
| Total liabilities | 5,999.6 | 5,722.7 |
| See Note 13 on commitments and contingencies | ||
| Stockholders’ Equity: | ||
| Preferred stock: (authorized 25.0 million shares; $0.01 par value) none issued | — | — |
| Common stock: (authorized 1.00 billion shares; $0.01 par value) issued and outstanding – 200.4 million and 208.1 million shares, respectively | 2.0 | 2.1 |
| Additional paid-in-capital | 4,118.4 | 3,673.7 |
| Retained earnings (accumulated deficit) | (3,209.7) | (2,556.8) |
| Accumulated other comprehensive income (loss) | (218.6) | (261.2) |
| Total stockholders’ equity | 692.1 | 857.8 |
| Total liabilities and stockholders’ equity | $6,691.7 | $6,580.5 |
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