Short answer
Tapestry, Inc. (TPR) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 27, 2025. Quarterly revenue was $1.7B (up 13.1% year over year) with net income of $275M.
Q3 2025 key financials · XBRL
- Revenue
- $1.7B
- +13.1% YoY
- Net income
- $275M
- +47.3% YoY
- Operating margin
- 19.3%
- Gross margin
- 76.3%
- EPS (diluted)
- $1.28
- +62.0% YoY
Source: XBRL data from the Tapestry, Inc. (TPR) Q3 2025 10-Q on SEC EDGAR. USD.
Tapestry, Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New regulatory risk: Removal of U.S. de minimis exemption for low-value imports from August 29, 2025, causing 70 basis points gross margin hit in Q1 FY26
- Material macroeconomic risk update: Currency volatility increased net sales by $10.6 million but reduced gross margin 60 basis points and operating margin 50 basis points in Q1 FY26
- Tax compliance risk: Qualifying Domestic Minimum Top-Up Tax (QDMTT) expected to negatively impact effective tax rate in fiscal 2026 and beyond
- Operational market risk: Divestiture of Stuart Weitzman segment reduces segment diversity, with Stuart Weitzman operating loss of $1.0 million in Q1 FY26 pre-sale
- Financial risk: Net interest expense decreased $17.9 million YoY to $12.8 million in Q1 FY26, despite increased interest expenses from issuance of 2030 and 2035 Senior Notes
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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