Company Overview: Tapestry, Inc. (formerly Coach Inc., incorporated in Maryland) is a leather and leather products manufacturer headquartered at 10 Hudson Yards, New York, with fiscal year ending June 27, 2026 Financial Reporting Period: Annual report covering fiscal year ended June 27, 2026 (period from June 29, 2025 through June 27, 2026), filed August 13, 2026 Financial Statements and Equity…

Our analysis rates this filing CAUTIOUS. Tapestry faces elevated but manageable concerns centered on brand portfolio performance and external policy dependencies. The Kate Spade impairment testing represents the most material risk, signaling that a significant acquisition may require write-down if…

Concern level: HIGH (6.2/10). Key factors: Kate Spade goodwill and intangible asset impairment testing underway (severity 7/10) - indicates brand valuation pressure and potential material write-downs that would reduce earnings and shareholder equity; Company dependent on tariff relief programs - IEPA tariff refund recognized as gain contingency, suggesting material tariff burden on imported…

Notable risk changes: Kate Spade segment undergoing goodwill/intangible impairment testing - suggests brand valuation pressure or performance deterioration requiring formal impairment assessment; IEPA tariff refund recognized as gain contingency - company is dependent on tariff relief programs, indicating significant tariff burden on imported luxury goods; Derivative instrument positions maintained across multiple…

The model predicts TPR will underperform the S&P 500 by about 0.0% over 30 days. This is model analysis for research, not investment advice.