Tapestry Inc (TPR)
Pretax margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,011,900 | 1,143,100 | 1,047,000 | 897,300 | -624,200 |
| Revenue | US$ in thousands | 6,671,200 | 6,660,900 | 6,684,500 | 5,746,300 | 4,961,400 |
| Pretax margin | 15.17% | 17.16% | 15.66% | 15.62% | -12.58% |
June 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,011,900K ÷ $6,671,200K
= 15.17%
The pretax margin of Tapestry Inc has shown some variation over the five-year period from June 30, 2020, to June 30, 2024. In 2020, the company had a negative pretax margin of -12.58%, indicating that its expenses exceeded its revenues before accounting for taxes. However, in the following years, the pretax margin improved significantly.
In 2021, the pretax margin increased to 15.62%, indicating that the company became more efficient in managing its expenses relative to its revenue. The trend continued in 2022, with a pretax margin of 15.66%, showing a consistent performance in managing costs.
The pretax margin reached its peak in 2023 at 17.16%, reflecting strong operational efficiency and profitability. However, in 2024, there was a slight decrease in the pretax margin to 15.17%, which may suggest some challenges in maintaining or further improving profitability levels.
Overall, Tapestry Inc has shown a positive trend in its pretax margin over the past five years, indicating an improvement in its cost management and operational efficiency. However, the slight decline in 2024 emphasizes the importance of continuous monitoring and management of costs to sustain and enhance profitability levels.
Peer comparison
Jun 30, 2024