v3.26.1
SEGMENT INFORMATION
 12 Months Ended
Jun. 27, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company has two reportable segments:
•Coach - Includes global sales primarily of Coach brand products to customers through our DTC, wholesale and licensing businesses.
•Kate Spade - Includes global sales primarily of kate spade new york brand products to customers through our DTC, wholesale and licensing businesses.
On August 4, 2025, the Company completed the sale of the Stuart Weitzman business and, as a result, determined it had two reportable segments on a prospective basis. Refer to Note 5, "Acquisitions and Divestitures," for further information.
The Company's chief operating decision maker ("CODM"), who is its Chief Executive Officer, regularly evaluates operating profit of these segments compared to management's expectations in deciding how to allocate resources and assess performance. Segment operating profit is the gross profit of the segment less direct expenses of the segment. Total expenditures for additions to long-lived assets and assets by segment are not provided to the CODM as such information is not utilized for purposes of assessing performance or allocating resources, and therefore has not been disclosed.
In addition to these reportable segments, the Company has certain corporate expenses that are not directly attributable to its brands ("Unallocated corporate expenses"); therefore, they are not allocated to its segments. Such costs primarily include certain overhead expenses related to corporate functions as well as certain administration, corporate occupancy, information technology and depreciation costs.
The following table summarizes net sales, significant expenses and operating profit (loss) of each of the Company's segments and reconciliation to the Company's Income (loss) before provision for income taxes for fiscal 2026, fiscal 2025 and fiscal 2024:
CoachKate Spade
Stuart Weitzman(1)
Total
(millions)
Fiscal 2026
Net sales$6,914.7 $1,074.9 $14.6 $8,004.2 
Cost of sales(2)
1,402.5 365.8 6.9 1,775.2 
Selling, general and administrative expenses(2)
2,971.0 719.1 8.7 3,698.8 
Total segment operating profit (loss):$2,541.2 $(10.0)$(1.0)$2,530.2 
Unallocated corporate expenses(3)
615.8 
Unallocated other charges, net(4)
53.8 
Income (loss) before provision for income taxes$1,860.6 
Fiscal 2025
Net sales$5,598.5 $1,197.1 $215.1 $7,010.7 
Cost of sales(2)
1,226.0 399.1 96.7 1,721.8 
Selling, general and administrative expenses(2)
2,497.2 1,567.2 133.8 4,198.2 
Total segment operating profit (loss):$1,875.3 $(769.2)$(15.4)$1,090.7 
Unallocated corporate expenses(3)
675.7 
Unallocated other charges, net(4)
198.9 
Income (loss) before provision for income taxes$216.1 
Fiscal 2024
Net sales$5,095.3 $1,334.4 $241.5 $6,671.2 
Cost of sales(2)
1,219.9 463.2 98.6 1,781.7 
Selling, general and administrative expenses(2)
2,224.3 738.6 164.1 3,127.0 
Total segment operating profit (loss):$1,651.1 $132.6 $(21.2)$1,762.5 
Unallocated corporate expenses(3)
622.4 
Unallocated other charges, net(4)
128.2 
Income (loss) before provision for income taxes$1,011.9 
(1)    During fiscal 2026, Stuart Weitzman Net sales, Cost of sales and Selling, general and administrative expenses represent results for the period prior to the sale on August 4, 2025.
(2)    Significant expense categories that are regularly provided to the CODM, or easily computable from information that is regularly provided to the CODM. SG&A expenses include Other selling, general and administrative expenses and Impairment of goodwill and intangible assets on the Company's Consolidated Statement of Operations.
(3)     Unallocated corporate expenses represent certain corporate expenses that are not directly attributable to a segment.
(4)    Includes Loss on extinguishment of debt, Interest expense, net and Other expense (income).
The following table summarizes depreciation and amortization expense of each of the Company's segments for fiscal 2026, fiscal 2025, and fiscal 2024:
Fiscal Year Ended
June 27, 2026(3)
June 28, 2025(3)
June 29, 2024
(millions)
Depreciation and amortization expense(1):
Coach$97.3 $91.2 $88.0 
Kate Spade33.4 34.141.6 
Stuart Weitzman0.3 6.110.6
Total segment depreciation and amortization expense:131.0 131.4140.2
Unallocated corporate(2)
41.2 36.0 33.8 
Total Depreciation and amortization expense:$172.2 $167.4 $174.0 
(1)    Depreciation and amortization expense for the segments includes an allocation of expense related to assets which support multiple segments.
(2)    Unallocated corporate, which is not a reportable segment, represents certain depreciation and amortization costs that are not directly attributable to a segment.
(3)    For the fiscal year ended June 27, 2026, depreciation and amortization expense includes $1.4 million of costs related to the Company's distribution network optimization efforts recorded within the Kate Spade segment, $0.9 million of impairment charges in connection with the sale of the Stuart Weitzman Business recorded within Unallocated corporate and $9.1 million of costs related to the Company's organizational efficiency efforts, of which $5.6 million was recorded within Unallocated corporate and $3.5 million was recorded within the Kate Spade segment.
For the fiscal year ended June 28, 2025, depreciation and amortization expense includes $2.7 million of impairment charges in connection with the sale of the Stuart Weitzman Business of which $2.1 million was recorded within Unallocated corporate and $0.6 million was recorded within the Stuart Weitzman segment and $1.8 million of costs related to the Company's organizational efficiency efforts, recorded within Unallocated corporate. Refer to Note 5, "Acquisitions and Divestitures," for further information.
There were no impairment charges in fiscal 2026 or fiscal 2024 for brand intangible assets and goodwill. Impairment charges in fiscal 2025 include $854.8 million of brand intangible and goodwill impairment charges for the Kate Spade reportable segment. Refer to Note 14, "Goodwill and Other Intangible Assets," for further information.
The following table disaggregates Net sales for each of the Company's product categories by segment in fiscal 2026, fiscal 2025, and fiscal 2024:
 Fiscal Year Ended
June 27, 2026June 28, 2025June 29, 2024
Amount% of Total
segment net sales		Amount% of Total
segment net sales		Amount% of Total
segment net sales
(millions)
Coach
Handbags$4,016.3 58.1 %$3,223.3 57.6 %$2,889.9 56.7 %
Accessories1,991.8 28.8 1,539.5 27.5 1,407.9 27.6 
Footwear408.5 5.9 342.5 6.1 326.0 6.4 
Other498.1 7.2 493.2 8.8 471.5 9.3 
Total Coach$6,914.7 100.0 %$5,598.5 100.0 %$5,095.3 100.0 %
Kate Spade
Handbags$594.9 55.3 %$623.0 52.1 %$721.0 54.0 %
Accessories241.1 22.4 269.8 22.5 307.0 23.0 
Footwear48.1 4.5 55.2 4.6 57.4 4.3 
Other190.8 17.8 249.1 20.8 249.0 18.7 
Total Kate Spade$1,074.9 100.0 %$1,197.1 100.0 %$1,334.4 100.0 %
Stuart Weitzman(1)
$14.6 100.0 %$215.1 100.0 %$241.5 100.0 %
Tapestry
Handbags$4,611.2 57.6 %$3,846.3 54.9 %$3,610.9 54.1 %
Accessories2,232.9 27.9 1,809.3 25.8 1,714.9 25.7 
Footwear(1)
471.2 5.9 612.8 8.7 624.9 9.4 
Other688.9 8.6 742.3 10.6 720.5 10.8 
Total Tapestry$8,004.2 100.0 %$7,010.7 100.0 %$6,671.2 100.0 %
(1)All Stuart Weitzman net sales are included within the Tapestry Footwear category. For the year ended June 27, 2026, Stuart Weitzman net sales were for the period prior to the sale on August 4, 2025. Refer to Note 5, "Acquisitions and Divestitures," for further information.
Geographic Area Information
Geographic revenue information is based on the location of our customer sale. Geographic long-lived asset information is based on the physical location of the assets at the end of each fiscal year and includes property and equipment, net, right-of-use assets and other assets.
United
States
Greater
China(2)
Japan
Other(3)
Total
(millions)
Fiscal 2026
Net sales(1)
$4,697.4 $1,398.7 $465.7 $1,442.4 $8,004.2 
Long-lived assets1,525.5 149.1 113.9 310.9 2,099.4 
Fiscal 2025
Net sales(1)
$4,208.1 $1,059.7 $514.8 $1,228.1 $7,010.7 
Long-lived assets1,431.7 142.3 105.1 257.7 1,936.8 
Fiscal 2024
Net sales(1)
$3,949.7 $1,012.6 $554.4 $1,154.5 $6,671.2 
Long-lived assets1,533.7 151.8 94.0 210.0 1,989.5 
(1)Includes net sales from our global travel retail business in locations within the specified geographic area.
(2)Greater China includes sales in mainland China, Taiwan, Hong Kong SAR, and Macao SAR.
(3)Other includes sales in Europe, Canada, Australia, Malaysia, South Korea, Singapore and other countries primarily in Asia as well as royalties earned from the Company's licensing partners.