Tapestry Inc (TPR)
Gross profit margin
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 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 | 3,239,300 | 3,739,600 | 4,039,300 | 4,033,100 |
| Revenue (ttm) | US$ in thousands | 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 | 4,961,400 | 5,760,300 | 6,019,000 | 6,003,800 |
| Gross profit margin | 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% | 65.29% | 64.92% | 67.11% | 67.18% |
June 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,889,500K ÷ $6,671,200K
= 73.29%
Tapestry Inc's gross profit margin has shown a generally increasing trend over the past several quarters, indicating efficient cost management and pricing strategies. The company achieved a gross profit margin of 73.29% as of June 30, 2024, marking a positive performance compared to the prior periods. This trend reflects the company's ability to maintain a strong level of profitability after accounting for the cost of goods sold. It is important to note that the company has been able to consistently improve its gross profit margin over time, suggesting effective control over production costs and pricing. These results indicate a healthy financial position for Tapestry Inc and may be indicative of sound operational efficiency and strategic decision-making within the business. Further analysis and comparison with industry benchmarks can provide additional insights into the company's competitive position and overall financial health.
Peer comparison
Jun 30, 2024