HIGHBuilt-inProduct / Revenue mix
79.9%
Coach
“10-K Item 1: 'Coach... This segment represented 79.9% of total net sales in fiscal 2025.'”
TPR · Concentration risk · 10-K extracted
Tapestry (TPR) concentration risks
Updated
The most significant concentration Tapestry discloses is Coach at 79.9%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Tapestry’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inGeographic
40%
international operations
“10-K Item 1A: 'approximately 40.0% of our net sales coming from operations outside of United States for fiscal year 2025'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration profile is shaped by a dominant brand segment and a meaningful international footprint, both structural in character. The Coach segment represented 79.9% of total net sales in fiscal 2025 — the largest disclosed share by a substantial margin — a high-share, structural concentration reflecting how the company's revenue base is organized around its flagship handbag and accessories brand. This is structural because the Coach brand has its own dedicated design, marketing, and distribution infrastructure; the concentration is a deliberate feature of the company's portfolio allocation rather than a single customer relationship. The implication is that any deterioration in the Coach brand's consumer resonance, pricing power, or channel health would affect the majority of consolidated revenues with limited natural offset from the smaller segments. International operations contributed approximately 40.0% of net sales for fiscal year 2025 — a medium-share, structural geographic exposure that reflects where the company sells, particularly across Asia and Europe. Currency translation, regional consumer spending trends, and country-specific regulatory or tariff environments are the primary channels through which this international share can affect reported results. These two exposures are largely independent in nature: the Coach brand dominance is a product-and-brand concentration, while the international revenue share is a geographic one. Together they describe a company where the quality and trajectory of the Coach brand in key international markets — particularly those where aspirational luxury consumption is a driver — are the most consequential variables to monitor for changes in the investment outlook.
For the engine’s reasoning on TPR’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Luxury Goods
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CPRI | Capri Holdings Limited | 1 | 1 | 2 | 4 |
| TPR● | Tapestry, Inc. | 1 | 1 | 0 | 2 |
| SIG | Signet Jewelers Limited | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.