Tapestry Inc (TPR)
Gross profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,889,500 | 4,714,900 | 4,650,400 | 4,081,900 | 3,239,300 |
| Revenue | US$ in thousands | 6,671,200 | 6,660,900 | 6,684,500 | 5,746,300 | 4,961,400 |
| Gross profit margin | 73.29% | 70.78% | 69.57% | 71.04% | 65.29% |
June 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,889,500K ÷ $6,671,200K
= 73.29%
The gross profit margin of Tapestry Inc has shown a generally positive trend over the past five years. In the most recent fiscal year ending on June 30, 2024, the company's gross profit margin increased to 73.29% from 70.78% in the previous year. This improvement indicates that Tapestry Inc was able to better control its production costs and generate more profit from sales.
Comparing the gross profit margin to the figures from two years ago, we see a notable increase from 69.57% in 2022 to the current 73.29% in 2024. This suggests that the company has been able to enhance its efficiency in managing the cost of goods sold and achieve higher profitability on each dollar of revenue generated.
Although there was a dip in the gross profit margin in 2021, it rebounded in the subsequent years, showcasing the company's ability to adapt and improve its operations. Overall, the upward trend in Tapestry Inc's gross profit margin reflects positively on its operational performance and efficiency in generating profits from its core business activities.
Peer comparison
Jun 30, 2024