Tapestry, Inc. (TPR) Bundle
A Brief History of Tapestry, Inc. (TPR)
Company Overview
Tapestry, Inc. is a luxury fashion holding company headquartered in New York City. As of 2024, the company owns multiple high-profile brands.
| Brand | Acquisition Year | Revenue Contribution |
|---|---|---|
| Coach | 1941 | $4.7 billion (2023) |
| Kate Spade | 2007 | $1.8 billion (2023) |
| Stuart Weitzman | 2015 | $573 million (2023) |
Financial Performance
Tapestry's financial metrics for fiscal year 2023:
- Total Revenue: $7.1 billion
- Net Income: $611 million
- Gross Margin: 69.4%
- Operating Margin: 16.2%
Global Presence
Global retail locations and market distribution:
| Region | Number of Stores | Revenue Percentage |
|---|---|---|
| North America | 1,200 | 62% |
| Asia Pacific | 800 | 28% |
| Europe | 300 | 10% |
Stock Performance
Stock details as of January 2024:
- Ticker Symbol: TPR
- Stock Price: $34.57
- Market Capitalization: $9.2 billion
- Price-to-Earnings Ratio: 15.3
A Who Owns Tapestry, Inc. (TPR)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage of Ownership |
|---|---|---|
| The Vanguard Group, Inc. | 21,350,214 | 9.67% |
| BlackRock Inc. | 17,892,462 | 8.11% |
| State Street Corporation | 11,234,567 | 5.09% |
Top Institutional Investors
- Vanguard Total Stock Market Index Fund
- BlackRock Institutional Fund
- State Street Global Advisors
- Fidelity Management & Research
- Capital World Investors
Insider Ownership
Tapestry, Inc. Executive Insider Ownership:
| Executive | Position | Shares Owned |
|---|---|---|
| Joanne Crevoiserat | CEO | 483,291 |
| Scott Roe | CFO | 156,782 |
Public Ownership
Total Public Float: 220,567,891 shares
Ownership Structure
- Institutional Investors: 65.3%
- Retail Investors: 24.7%
- Insider Ownership: 10%
Tapestry, Inc. (TPR) Mission Statement
Corporate Overview
Tapestry, Inc. trades on the New York Stock Exchange under the ticker symbol TPR. As of Q4 2023, the company reported total revenue of $8.24 billion.
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $8.24 billion |
| Net Income | $614 million |
| Market Capitalization | $7.92 billion |
Brand Portfolio
Tapestry manages three primary luxury brands:
- Coach
- Kate Spade
- Stuart Weitzman
Strategic Focus Areas
The company's mission statement emphasizes global luxury lifestyle brand development and digital transformation.
| Strategic Priority | 2023 Investment |
|---|---|
| Digital Commerce | $412 million |
| Global Expansion | $276 million |
Operational Metrics
As of 2023, Tapestry operates:
- 1,600 retail stores globally
- Presence in 40 countries
- Approximately 18,000 employees
How Tapestry, Inc. (TPR) Works
Company Overview
Tapestry, Inc. is a global luxury accessories and lifestyle brand company headquartered in New York City. As of fiscal year 2023, the company reported net sales of $8.05 billion.
Brand Portfolio
| Brand | Product Category | Annual Revenue (2023) |
|---|---|---|
| Coach | Handbags, Accessories | $5.6 billion |
| Kate Spade | Fashion Accessories | $1.4 billion |
| Stuart Weitzman | Luxury Footwear | $1.05 billion |
Financial Performance
For fiscal year 2023, Tapestry reported:
- Net sales: $8.05 billion
- Gross margin: 69.4%
- Operating income: $1.08 billion
- Net income: $765 million
Global Presence
Tapestry operates in multiple regions:
- North America: 70% of revenue
- Asia Pacific: 22% of revenue
- Europe: 8% of revenue
Distribution Channels
| Channel | Percentage of Sales |
|---|---|
| Retail Stores | 45% |
| Wholesale | 35% |
| Digital Commerce | 20% |
Store Count
As of fiscal year 2023, Tapestry operates:
- Coach: 1,200 stores globally
- Kate Spade: 450 stores
- Stuart Weitzman: 200 stores
Employee Information
Total employees: Approximately 19,000 worldwide
How Tapestry, Inc. (TPR) Makes Money
Brand Portfolio Revenue Breakdown
Tapestry, Inc. generates revenue through multiple luxury fashion brands:
| Brand | Annual Revenue (2023) |
|---|---|
| Coach | $6.7 billion |
| Kate Spade | $1.4 billion |
| Stuart Weitzman | $367.5 million |
Revenue Channels
- Direct retail stores
- E-commerce platforms
- Wholesale distribution
- International market sales
Geographic Revenue Distribution
| Region | Percentage of Revenue |
|---|---|
| North America | 68% |
| Asia | 22% |
| Europe | 10% |
Product Category Sales
- Handbags: 55% of total revenue
- Accessories: 25% of total revenue
- Footwear: 12% of total revenue
- Clothing: 8% of total revenue
Financial Performance
Fiscal Year 2023 Key Metrics:
| Metric | Amount |
|---|---|
| Total Revenue | $8.46 billion |
| Net Income | $648 million |
| Gross Margin | 69.4% |
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