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Tapestry10-Q: Restructuring

Kate Spade brand takes over $854M in impairment charges, signaling significant performance issues.

What happened

The company recorded $244.1M in goodwill impairment and $610.7M in brand intangible impairment for Kate Spade in FY2025. This massive write-down indicates severe underperformance and creates immense pressure on management to find solutions for store productivity, international strategy, and profitability.

Source

SEC EDGARMay 7, 2026

Quarterly report (Form 10-Q)

Tapestry 10-Q

Filing excerpt

During the fourth quarter of fiscal year 2025, the Company recorded $244.1 million of impairment charges related to goodwill for the Kate Spade reporting unit and $610.7 million of impairment charges related to the Kate Spade indefinite-lived brand intangible.

sec.gov/Archives/edgar/data/1116132/000111613226000011/tpr-20260328.htmRead the full source

Other signals in this filing (11)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Restructuring

What this signalsFilings often name leadership changes, deals and spending plans.

Fiscal year end
03/28
Filed
May 7, 2026

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The full record

From the Signal API record

Numbers

Dollar figure
$855M (Impairment charges for the Kate Spade reporting unit and brand intangible)

Details

CIK
1116132
Accession number
0001116132-26-000011
Filing year
2026
Fiscal year
0
Why it matters
Change management needs
Signal category
Workforce

Topics and mentions

Regions named

  • international

Extraction

Confidence
High
Relevance
80%
Sentiment
Negative
Detected
May 12, 2026
signal_type
sec-10q
signal_subtype
restructuring

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The API returns more than this page shows

This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/da94d4fe-99d2-4cad-af1a-273690bfc4f6 returns this record as JSON. POST /v1/companies/enrich returns every signal for tapestry.com.

{
  "signal_id": "da94d4fe-99d2-4cad-af1a-273690bfc4f6",
  "signal_type": "sec-10q",
  "signal_subtype": "restructuring",
  "detected_at": "2026-05-12T09:24:57.36+00:00",
  "company": {
    "name": "Tapestry",
    "domain": "tapestry.com"
  },
  "data": {
    "detail": "The company recorded $244.1M in goodwill impairment and $610.7M in brand intangible impairment for Kate Spade in FY2025. This massive write-down indicates severe underperformance and creates immense pressure on management to find solutions for store productivity, international strategy, and profitability.",
    "metrics": {
      "dollar_context": "Impairment charges for the Kate Spade reporting unit and brand intangible",
      "dollar_millions": 854.8
    },
    "summary": "Kate Spade brand takes over $854M in impairment charges, signaling significant performance issues.",
    "excerpts": "During the fourth quarter of fiscal year 2025, the Company recorded $244.1 million of impairment charges related to goodwill for the Kate Spade reporting unit and $610.7 million of impairment charges related to the Kate Spade indefinite-lived brand intangible.",
    "relevance": 0.8,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1116132/000111613226000011/tpr-20260328.htm",
    "filing_date": "2026-05-07",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "03/28",
    "sales_relevance": "Change management needs",
    "signal_category": "workforce",
    "regions_mentioned": [
      "international"
    ]
  }
}

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