Tapestry Inc (TPR)
Gross profit margin
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 5,288,900 | 5,165,000 | 5,066,600 | 4,926,700 | 4,889,500 | 4,871,000 | 4,861,900 | 4,758,000 | 4,714,900 | 4,661,400 | 4,568,200 | 4,636,300 | 4,650,400 | 4,697,300 | 4,604,100 | 4,320,400 | 4,081,900 | 3,414,700 | 3,119,000 | 3,155,000 |
| Revenue (ttm) | US$ in thousands | 7,010,700 | 6,878,600 | 6,776,400 | 6,665,500 | 6,671,200 | 6,699,600 | 6,726,700 | 6,667,600 | 6,660,900 | 6,666,300 | 6,594,300 | 6,710,100 | 6,684,500 | 6,675,000 | 6,510,800 | 6,055,000 | 5,746,300 | 4,845,700 | 4,645,100 | 4,775,700 |
| Gross profit margin | 75.44% | 75.09% | 74.77% | 73.91% | 73.29% | 72.71% | 72.28% | 71.36% | 70.78% | 69.92% | 69.27% | 69.09% | 69.57% | 70.37% | 70.71% | 71.35% | 71.04% | 70.47% | 67.15% | 66.06% |
June 30, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $5,288,900K ÷ $7,010,700K
= 75.44%
The gross profit margin of Tapestry Inc. demonstrates a consistent upward trend over the analyzed period from September 30, 2020, to June 30, 2025. Beginning at 66.06% in September 2020, the margin experienced steady increases, reflecting improved profitability in the company's core operations. Notably, from March 31, 2021, onward, there was a persistent climb, reaching approximately 73.29% by June 30, 2024. The most recent data point indicates a gross profit margin of 75.44% as of June 30, 2025.
This progressive enhancement in gross profit margin suggests several potential operational improvements, such as better cost management, increased pricing power, favorable product mix, or efficiencies in production and sourcing. The margin's upward trajectory indicates that Tapestry Inc. has been successful in maintaining or improving its gross profitability relative to sales over this period, which bodes well for its capacity to generate profit from its revenues. The consistent growth in gross profit margin also implies resilience and effective strategic execution within its core merchandising and sales activities.
Peer comparison
Jun 30, 2025