Tapestry｜8-K：2025 财年 Q3 营收 15.85 亿美元超过预期

Revenue: As of FY2025 Q3, the actual value is USD 1.585 B, beating the estimate of USD 1.528 B.

EPS: As of FY2025 Q3, the actual value is USD 0.95.

Segment Revenue

• Coach: Revenue for the quarter ended March 29, 2025 was $1,293.5 million, a 13% increase from the prior year, or 15% on a constant currency basis.
• Kate Spade: Revenue for the quarter was $244.9 million, a decrease of -13% from the prior year, or -12% on a constant currency basis.
• Stuart Weitzman: Revenue for the quarter was $46.2 million, a decrease of -18% from the prior year, or -17% on a constant currency basis.

Operational Metrics

• Gross Profit: Total gross profit for the quarter was $1,205.8 million, with a gross margin of 76.1%, compared to $1,107.4 million and a gross margin of 74.7% in the prior year.
• Operating Income: GAAP operating income was $253.7 million, with an operating margin of 16.0%. Non-GAAP operating income was $277.3 million, with an operating margin of 17.5%.
• Net Income: GAAP net income was $203.3 million, with earnings per diluted share of $0.95. Non-GAAP net income was $219.8 million, with earnings per diluted share of $1.03.

Cash Flow

• Cash Flow from Operating Activities: For the fiscal third quarter, cash flow from operating activities was an inflow of $144.3 million, compared to $97.8 million in the prior year.
• Adjusted Free Cash Flow: For the fiscal third quarter, adjusted free cash flow was $134.6 million, compared to $21.5 million in the prior year.

Unique Metrics

• Dividend and Share Repurchases: Tapestry expects to return over $2 billion to shareholders in Fiscal 2025 through dividends and share repurchases.

Outlook / Guidance

• Tapestry raised its Fiscal 2025 outlook, expecting revenue of approximately $6.95 billion, representing growth of 4% versus the prior year, and adjusted free cash flow of approximately $1.3 billion.
• The company anticipates operating margin expansion of approximately 100 basis points versus the prior year.
• Earnings per diluted share are expected to be in the area of $5.00, representing a high-teens percentage growth rate compared to the prior year.