27 November, 2021 - 01 December, 2021
16 December, 2021 - 16 December, 2021
15 January, 2022 - 18 January, 2022
Riva del Garda, Italy
20 January, 2022 - 22 January, 2022
26 January, 2022 - 27 January, 2022
New York, U.S.
The New York based luxury fashion group reported revenue in Q4-2021 of US$1.62 billion, a growth of 126% year-on-year, and announced the reinstatement of its dividend and share repurchase programs.
For the full 2021 fiscal year, the company outperformed all of its internal expectations for every brand and metric, realising its “peak operating income and margin as Tapestry Inc.”. Tapestry saw US$1.6 billion in digital sales across the full fiscal period, an increase of $1 billion since the 2019 financial year.
Outlook for 2022
Although the company recognises an amount of uncertainty due to Covid-19, it has forecasted an optimistic outlook for the 2022 financial year, budgeting US$6.4 billion in revenue, which would mark a record level of sales.
Tapestry owns leading fashion brands Coach, Kate Spade and Stuart Weitzman.