# Tapestry (TPR) Forecast Calculator

Interactive five-year financial forecast and DCF for Tapestry. Adjust revenue growth, margins, capex, and WACC to update revenue, free cash flow, and enterprise value.

- Canonical: https://finamodel.com/companies/tapestry/forecast
- Industry: Consumer
- Forecast start year: 2026

## Historical data

| Year | Revenue | Free cash flow | EBITDA | Net income |
|---:|---:|---:|---:|---:|
| 2021 | 1381200000 | 518200000 | 1090100000 | 122300000 |
| 2022 | 4961400000 | 201600000 | 278400000 | -652100000 |
| 2023 | 5746300000 | 1207700000 | 1188500000 | 834200000 |
| 2024 | 6684500000 | 759300000 | 1371100000 | 856300000 |
| 2025 | 6660900000 | 791000000 | 1354600000 | 936000000 |

## Frequently asked questions

### What is Tapestry, Inc. and what brands does it own?

Tapestry, Inc. is a New York-based house of modern luxury accessories and lifestyle brands. Its primary brands include Coach and Kate Spade, and it formerly owned Stuart Weitzman, which was divested in FY26. The company is known for its premium handbags, leather goods, and footwear.

### How does Tapestry, Inc. generate its revenue?

Tapestry primarily generates revenue through its direct-to-consumer (DTC) model, which accounts for approximately 86% of total sales. This is achieved via its global network of retail stores, e-commerce platforms, and select wholesale partnerships. The Coach brand is its flagship, driving about 80% of total net sales.

### What is the assumed capital expenditure rate in the Tapestry financial model?

The financial model for Tapestry assumes a Capital Expenditure as a percentage of revenue (Capex_Pct_Revenue) of 0.06, or 6%. Historically, Tapestry's capital expenditure has ranged from 3% to 5% of revenue, primarily focused on digital/IT investments and targeted store renovations or relocations.

### What is the main purpose of the Tapestry financial model?

The Tapestry financial model serves as a comprehensive equity valuation and scenario planning tool for analysts. It is designed to assess Tapestry's organic growth trajectory and capital return program, particularly following the terminated Capri Holdings acquisition and the divestiture of the Stuart Weitzman brand.

### Can I download an Excel financial model for Tapestry, Inc.?

Yes, an Excel financial model for Tapestry, Inc. is available for download. This model provides a forecast horizon from FY2026 through FY2030, offering detailed assumptions for analysis.

### What are the key revenue growth and margin assumptions in the Tapestry financial model?

The Tapestry financial model assumes a Revenue_Growth rate of 0.2, or 20%. Key margin assumptions include Cost of Goods Sold as a percentage of revenue (COGS_Pct_Revenue) at approximately 0.532, and Selling, General & Administrative expenses as a percentage of revenue (SGA_Pct_Revenue) at approximately 0.488.