0001116132-26-000018 | 10-K | XBRL Viewer

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FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Jun. 28, 2025	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of goodwill			$ 244.1
Asset impairment charges		$ 0.0	854.8	$ 0.0
Store Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset impairment charges		7.0	5.8
Operating Lease Right of Use Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset impairment charges		0.8	3.0
Kate Spade
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of intangible assets, indefinite-lived	$ 610.7	610.7	610.7
Impairment of goodwill	$ 244.1	$ 0.0	244.1
Asset impairment charges			$ 854.8

- Definition

Amount of impairment loss from asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References + Details

SUPPLEMENTAL BALANCE SHEET INFORMATION (Tables)

12 Months Ended

Jun. 27, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Components of Certain Balance Sheet Accounts

The components of certain balance sheet accounts are as follows:


	June 27, 2026		June 28, 2025
	(millions)




Property and equipment
Land and building	$	8.1	$	8.1
Machinery and equipment	50.6		53.0
Software and computer equipment	542.5		564.1
Furniture and fixtures	302.8		288.1
Leasehold improvements	793.6		750.4
Construction in progress	68.7		40.8
Less: accumulated depreciation	(1,264.2)		(1,215.0)
Total property and equipment, net	$	502.1	$	489.5
Accrued liabilities
Payroll and employee benefits	$	238.1	$	224.4



Accrued freight	85.1		38.3
Accrued marketing	47.9		84.1
Other accrued liabilities	383.8		390.1
Total accrued liabilities	$	754.9	$	736.9
Other liabilities

Gross unrecognized tax benefit	115.7		110.7
Long-term derivative liabilities	224.5		256.1
Other	196.4		135.7
Total other liabilities	$	536.6	$	502.5

SEGMENT INFORMATION - Schedule of Geographical Area Information (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset [Line Items]
Net sales	$ 8,004.2	$ 7,010.7	$ 6,671.2
Long-lived assets	2,099.4	1,936.8	1,989.5
United States
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset [Line Items]
Net sales	4,697.4	4,208.1	3,949.7
Long-lived assets	1,525.5	1,431.7	1,533.7
China
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset [Line Items]
Net sales	1,398.7	1,059.7	1,012.6
Long-lived assets	149.1	142.3	151.8
Japan
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset [Line Items]
Net sales	465.7	514.8	554.4
Long-lived assets	113.9	105.1	94.0
Other
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset [Line Items]
Net sales	1,442.4	1,228.1	1,154.5
Long-lived assets	$ 310.9	$ 257.7	$ 210.0

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

+ Details

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES
Net income (loss)	$ 1,527.7	$ 183.2	$ 816.0
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	160.8	162.9	174.0
Amortization of cloud computing arrangements	56.4	62.0	55.0
Impairment charges	0.0	854.8	0.0
Provision for bad debt	6.1	3.6	4.3
Loss on extinguishment of debt	0.0	120.1	0.0
Share-based compensation	104.5	87.3	85.9
Deferred income taxes	50.8	(139.8)	2.5
Changes to lease related balances, net	(19.3)	(35.0)	(42.6)
Other non-cash charges, net	(27.7)	(43.2)	(7.4)
Changes in operating assets and liabilities:
Trade accounts receivable	(12.0)	8.8	(37.3)
Inventories	35.4	(108.2)	85.8
Accounts payable	131.6	(15.0)	49.1
Accrued liabilities	29.9	56.0	91.6
Other liabilities	75.8	3.9	(21.2)
Other assets	(141.5)	15.2	(0.1)
Net cash provided by (used in) operating activities	1,978.5	1,216.6	1,255.6
CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES
Purchases of investments	(163.0)	(1,886.4)	(2,713.0)
Proceeds from maturities and sales of investments	1.6	2,923.1	1,676.3
Purchases of property and equipment	(166.0)	(122.7)	(108.9)
Proceeds from sale of business, net of cash divested	109.1	0.0	0.0
Settlement of net investment hedge	0.0	0.0	103.7
Net cash provided by (used in) investing activities	(218.3)	914.0	(1,041.9)
CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES
Payment of dividends	(326.1)	(299.3)	(321.4)
Repurchase of common stock	(1,554.6)	(1,718.7)	0.0
Share repurchase not yet settled	0.0	(300.0)	0.0
Proceeds from issuance of debt, net of discount	0.0	2,248.1	6,089.5
Payment of debt issuance costs	(0.5)	(13.4)	(78.3)
Payment of debt extinguishment costs	0.0	(63.5)	0.0
Repayment of debt	0.0	(7,163.3)	(468.8)
Proceeds from share-based awards	118.9	156.1	27.3
Taxes paid to net settle share-based awards	(81.6)	(36.5)	(32.7)
Proceeds from revolving credit facility	0.0	1,016.5	0.0
Repayment of revolving credit facility	(17.0)	(1,000.0)	0.0
Other financing activities	0.0	(1.2)	(1.2)
Net cash provided by (used in) financing activities	(1,860.9)	(7,175.2)	5,214.4
Effect of exchange rate changes on cash and cash equivalents	(24.6)	26.3	(12.2)
Net increase (decrease) in cash and cash equivalents, including cash classified within assets held for sale	(125.3)	(5,018.3)	5,415.9
Less: net increase (decrease) in cash classified within current assets held for sale	0.0	(23.7)	0.0
Net increase (decrease) in cash and cash equivalents	(125.3)	(5,042.0)	5,415.9
Cash and cash equivalents at beginning of year	1,100.0	6,142.0	726.1
Cash and cash equivalents at end of year	974.7	1,100.0	6,142.0
Supplemental information:
Cash paid for income taxes, net	200.7	189.5	200.1
Cash paid for interest	241.6	394.9	262.8
Non-cash investing activity – property and equipment obligations	$ 35.2	$ 25.7	$ 15.1

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
Statement of Stockholders' Equity [Abstract]
Dividends declared (USD per share)	$ 1.60	$ 1.40	$ 1.40

INCOME TAXES - Schedule of United States and Foreign Income Before Provision for Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
Income Tax Disclosure [Abstract]
United States	$ 877.5	$ (655.8)	$ 139.0
Foreign	983.1	871.9	872.9
Income (loss) before provision for income taxes	$ 1,860.6	$ 216.1	$ 1,011.9

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

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+ Details

LEASES - Narrative (Details) $ in Millions	12 Months Ended
LEASES - Narrative (Details) $ in Millions	Jun. 27, 2026 USD ($)
Lessee, Lease, Description [Line Items]
Lessee, operating lease, lease not yet commenced, liability	$ 189.8
Minimum
Lessee, Lease, Description [Line Items]
Lessee, operating lease, term of contract	1 year
Lessee, operating lease, renewal term or early termination option	1 year
Maximum
Lessee, Lease, Description [Line Items]
Lessee, operating lease, term of contract	20 years
Lessee, operating lease, renewal term or early termination option	10 years

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Schedule of Pretax Impact of Gains and Losses (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ 136.2	$ (160.4)	$ 123.5
Total hedges	39.6	59.2	30.0
Total hedges	28.9	$ 28.9	28.7
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]		Unrealized gains (losses) on cash flow hedging derivatives, net
Foreign exchange contract \| Cash flow hedging
Derivative Instruments, Gain (Loss) [Line Items]
Designated hedges	41.6	$ (19.1)	59.6
Foreign exchange contract \| Cash flow hedging \| Income Statement Location [Axis]: us-gaap:CostOfRevenue
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income	21.1	42.4	36.7
Foreign exchange contract \| Net investment hedges
Derivative Instruments, Gain (Loss) [Line Items]
Designated hedges	94.7	(141.3)	74.3
Foreign exchange contract \| Net investment hedges \| Income Statement Location [Axis]: us-gaap:InterestIncomeExpenseNet
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income	18.5	17.7	2.8
Amount of Net Gain (Loss) Recognized in Income	31.0	28.9	28.7
Foreign exchange contract \| Fair value hedging
Derivative Instruments, Gain (Loss) [Line Items]
Designated hedges	(0.1)	0.0	0.0
Foreign exchange contract \| Fair value hedging \| Income Statement Location [Axis]: us-gaap:OtherNonoperatingIncomeExpense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income	(2.3)	0.0	0.0
Amount of Net Gain (Loss) Recognized in Income	0.0	0.0	0.0
Interest rates \| Cash flow hedging
Derivative Instruments, Gain (Loss) [Line Items]
Designated hedges	0.0	0.0	(10.4)
Interest rates \| Cash flow hedging \| Income Statement Location [Axis]: us-gaap:OtherNonoperatingIncomeExpense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income	0.0	(0.9)	(9.5)
Interest rates \| Fair value hedging \| Income Statement Location [Axis]: us-gaap:InterestIncomeExpenseNet
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income	1.7	0.0	0.0
Amount of Net Gain (Loss) Recognized in Income	0.2	0.0	0.0
Hedged Item	$ (1.7)	$ 0.0	$ 0.0

INCOME TAXES - Schedule of Cash Paid for Income Taxes (Details) $ in Millions	12 Months Ended
	Jun. 27, 2026 USD ($)
Income Tax Paid, by Individual Jurisdiction [Line Items]
U.S. Federal	$ 84.6
U.S. State and local	30.3
Cash paid for income taxes, net of refunds	200.7
Singapore
Income Tax Paid, by Individual Jurisdiction [Line Items]
Foreign	38.4
China
Income Tax Paid, by Individual Jurisdiction [Line Items]
Foreign	12.4
Japan
Income Tax Paid, by Individual Jurisdiction [Line Items]
Foreign	12.3
Other
Income Tax Paid, by Individual Jurisdiction [Line Items]
Foreign	$ 22.7

DEBT - Schedule of Estimated Fair Values of Debt Instruments (Details) - USD ($) $ in Millions	Jun. 27, 2026	Jun. 28, 2025	Dec. 11, 2024	Dec. 31, 2021
Debt Instrument [Line Items]
Long-term debt, fair value	$ 1.7	$ 0.0
4.125% Senior Notes due 2027 \| Senior Notes
Debt Instrument [Line Items]
Interest rate, stated percentage	4.125%
4.125% Senior Notes due 2027 \| Senior Notes \| Level 2
Debt Instrument [Line Items]
Long-term debt, fair value	$ 394.9	393.0
5.100% Senior Notes due 2030 \| Senior Notes
Debt Instrument [Line Items]
Interest rate, stated percentage	5.10%		5.10%
5.100% Senior Notes due 2030 \| Senior Notes \| Level 2
Debt Instrument [Line Items]
Long-term debt, fair value	$ 757.4	756.8
3.050% Senior Notes due 2032 \| Senior Notes
Debt Instrument [Line Items]
Interest rate, stated percentage	3.05%			3.05%
3.050% Senior Notes due 2032 \| Senior Notes \| Level 2
Debt Instrument [Line Items]
Long-term debt, fair value	$ 454.2	443.2
5.500% Senior Notes due 2035 \| Senior Notes
Debt Instrument [Line Items]
Interest rate, stated percentage	5.50%		5.50%
5.500% Senior Notes due 2035 \| Senior Notes \| Level 2
Debt Instrument [Line Items]
Long-term debt, fair value	$ 757.7	$ 748.2

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
Significant Accounting Policies [Line Items]
Impairment charges [Extensible Enumeration]			Property and equipment, net of accumulated depreciation of $1,264.2 and $1,215.0, respectively	Property and equipment, net of accumulated depreciation of $1,264.2 and $1,215.0, respectively
Long-lived assets, impairment charges			$ 7.8	$ 8.8
Impairment charges				244.1
Obligations outstanding, beginning of year			$ 272.8	$ 294.9
Supplier finance program, obligation [Extensible Enumeration]	Accounts payable	Accounts payable	Accounts payable	Accounts payable
Asset retirement obligation	$ 65.0	$ 58.4	$ 65.0	$ 58.4
Advertising expenses			962.5	744.5	$ 616.8
IEEPA taxes tariffs paid	2.1
Receivable for recovery of import duties, net	114.7		114.7
Other selling, general and administrative expenses			4,314.6	4,019.1	3,749.4
Accrued liabilities	754.9	736.9	754.9	736.9
IEEPA Tariff Refund
Significant Accounting Policies [Line Items]
Inventory adjustments	9.0		9.0
Recovery of direct costs	2.0		96.2
Other selling, general and administrative expenses	0.1
Accrued liabilities	$ 9.5		9.5
Shipping and Handling
Significant Accounting Policies [Line Items]
Shipping and handling costs			209.6	222.0	$ 221.1
Kate Spade
Significant Accounting Policies [Line Items]
Impairment charges		244.1	0.0	244.1
Impairment of intangible assets, indefinite-lived		$ 610.7	$ 610.7	$ 610.7
Goodwill, Impairment Loss, Statement of Income or Comprehensive Income [Extensible Enumeration]			Impairment of goodwill and intangible assets	Impairment of goodwill and intangible assets
Intangible Asset, Excluding Goodwill, Indefinite-Lived, Impairment Loss, Statement of Income or Comprehensive Income [Extensible Enumeration]			Impairment of goodwill and intangible assets	Impairment of goodwill and intangible assets
Maximum
Significant Accounting Policies [Line Items]
Supplier finance program, payment timing, period	90 days		90 days
Building
Significant Accounting Policies [Line Items]
Property and equipment, useful life	40 years		40 years
Building Improvements \| Minimum
Significant Accounting Policies [Line Items]
Property and equipment, useful life	10 years		10 years
Building Improvements \| Maximum
Significant Accounting Policies [Line Items]
Property and equipment, useful life	40 years		40 years
Machinery and Equipment \| Minimum
Significant Accounting Policies [Line Items]
Property and equipment, useful life	5 years		5 years
Machinery and Equipment \| Maximum
Significant Accounting Policies [Line Items]
Property and equipment, useful life	7 years		7 years
Furniture and Fixtures \| Minimum
Significant Accounting Policies [Line Items]
Property and equipment, useful life	3 years		3 years
Furniture and Fixtures \| Maximum
Significant Accounting Policies [Line Items]
Property and equipment, useful life	10 years		10 years
Computer Equipment \| Minimum
Significant Accounting Policies [Line Items]
Property and equipment, useful life	3 years		3 years
Computer Equipment \| Maximum
Significant Accounting Policies [Line Items]
Property and equipment, useful life	7 years		7 years

ACQUISITIONS AND DIVESTITURES	12 Months Ended
ACQUISITIONS AND DIVESTITURES	Jun. 27, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]
ACQUISITIONS AND DIVESTITURES	ACQUISITIONS AND DIVESTITURES Stuart Weitzman Business Divestiture On February 16, 2025, the Company entered into a sale and purchase agreement (the “Purchase Agreement”) with Caleres, Inc. (the “Purchaser”) to sell the Stuart Weitzman Business (as defined below). The sale was completed on August 4, 2025 (the "Stuart Weitzman Business Divestiture"). The Purchaser acquired certain assets and liabilities of the Company's global business of designing, manufacturing, promotion, marketing, production, distribution, sales and licensing of Stuart Weitzman branded products (the "Stuart Weitzman Business") for a final aggregate purchase price of $109.1 million, which included customary adjustments for net working capital and indebtedness. As of June 28, 2025, the Company determined that certain assets and liabilities related to the Company's Stuart Weitzman Business should be classified as held for sale. The Stuart Weitzman Business Divestiture did not represent a strategic shift that will have a major effect on the Company's operations and financial results and therefore does not qualify for presentation as a discontinued operation. The Stuart Weitzman Business Divestiture resulted in a final total pre-tax loss of $22.0 million, which represented the amount of the carrying value of the net assets over the amount of consideration received, less costs to sell. Of the final total pre-tax loss, $3.4 million was recorded during the fiscal year ended June 27, 2026 and $18.6 million was recorded during the fiscal year ended June 28, 2025. During the fiscal year ended June 27, 2026, the Company incurred total pre-tax charges of $10.9 million primarily due to professional fees and severance costs, partially offset by income from the transition services agreement. These items were recorded in SG&A expenses mainly within the Corporate segment on the Company's Consolidated Statements of Operations. Capri Holdings Limited Acquisition On August 10, 2023, the Company entered into an Agreement and Plan of Merger (the "Merger Agreement") by and among the Company, Sunrise Merger Sub, Inc., a direct wholly owned subsidiary of Tapestry ("Merger Sub"), and Capri Holdings Limited ("Capri" and, together with us and Merger Sub, the "Parties"), pursuant to which, among other things, Merger Sub would merge with and into Capri (the "Merger") with Capri surviving the Merger and continuing as a wholly owned subsidiary of the Company ("the Capri Acquisition"). On April 22, 2024, the FTC filed a complaint against the Company and Capri in the United States District Court for the Southern District of New York seeking to enjoin the consummation of the Capri Acquisition, and on October 24, 2024, the Court issued its Opinion and Order granting the FTC's request for a preliminary injunction of the Merger, pending an administrative trial on the merits which was scheduled to begin on December 9, 2024. On November 13, 2024, the Parties entered into a Termination Agreement (the “Termination Agreement”), pursuant to which the Parties agreed to terminate the Merger Agreement, including all schedules and exhibits thereto and all ancillary agreements contemplated thereby or entered pursuant thereto, effective immediately. Pursuant to the Termination Agreement, the Company agreed to reimburse Capri for its expenses in an amount equal to $45.1 million in cash on November 14, 2024. In order to finance the Capri Acquisition, on November 27, 2023, the Company issued $4.50 billion of senior unsecured notes and €1.50 billion of Euro-denominated senior unsecured notes (the "Capri Acquisition Senior Notes") which, together with the $1.40 billion of delayed draw unsecured term loan facilities (the "Capri Acquisition Term Loan Facilities") executed on August 30, 2023, completed the expected financing for the Capri Acquisition. On November 25, 2024, due to the termination of the Merger Agreement and pursuant to the terms of the indenture governing the Capri Acquisition Senior Notes, as supplemented, the Company redeemed all outstanding Capri Acquisition Senior Notes at a redemption price of 101% of the aggregate principal amount, plus accrued and unpaid interest to, but excluding, the date of redemption. In addition, the Capri Acquisition Term Loan Facilities were terminated concurrently with the execution of the Termination Agreement on November 13, 2024. Refer to Note 12, "Debt," for further information on our debt instruments related to the Capri Acquisition. There were no expenses incurred during the fiscal year ended June 27, 2026 in conjunction with the Capri Acquisition. During the fiscal year ended June 28, 2025, the Company incurred $268.4 million in pre-tax expenses primarily related to Loss on extinguishment of debt as a result of the redemption of the Capri Acquisition Senior Notes recorded within Loss on extinguishment of debt on the Consolidated Statement of Operations, financing-related expenses recorded within Interest expense, net on the Consolidated Statement of Operations, expense reimbursement payment made to Capri recorded within SG&A expenses on the Consolidated Statement of Operations and professional fees recorded within SG&A expenses on the Consolidated Statement of Operations.

- Definition

The entire disclosure for business combination.

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-URI https://asc.fasb.org/1943274/2147479328/805-10-50-7

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+ Details

DEFINED CONTRIBUTION PLAN	12 Months Ended
DEFINED CONTRIBUTION PLAN	Jun. 27, 2026
Retirement Benefits [Abstract]
DEFINED CONTRIBUTION PLAN	DEFINED CONTRIBUTION PLAN The Company maintains the Tapestry, Inc. 401(k) Savings Plan, which is a defined contribution plan. Employees who meet certain eligibility requirements and are not part of a collective bargaining agreement may participate in this program. The annual expense incurred by the Company for this defined contribution plan was $13.6 million, $13.1 million and $12.7 million in fiscal 2026, fiscal 2025 and fiscal 2024, respectively.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 27, 2026
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Jun. 27, 2026

Intangible Asset, Goodwill and Other [Abstract]

Schedule of Change in Carrying Value of Goodwill

The change in the carrying amount of the Company’s Goodwill by segment is as follows:


	Coach		Kate Spade		Total
	(millions)
Balance at June 29, 2024	$	578.0	$	626.1	$	1,204.1
Impairment charges	—		(244.1)		(244.1)

Foreign exchange impact	19.5		3.8		23.3
Balance at June 28, 2025	597.5		385.8		983.3


Foreign exchange impact	(21.7)		(3.9)		(25.6)
Balance at June 27, 2026	$	575.8	$	381.9	$	957.7

Schedule of Finite-Lived Intangible Assets

Intangible assets consist of the following:


	June 27, 2026						June 28, 2025
	Gross Carrying Amount		Accum. Amort.		Net		Gross Carrying Amount		Accum. Amort.		Net
	(millions)
Intangible assets subject to amortization:
Customer relationships	$	45.6	$	(28.2)	$	17.4	$	45.6	$	(25.1)	$	20.5

Total intangible assets subject to amortization	45.6		(28.2)		17.4		45.6		(25.1)		20.5
Intangible assets not subject to amortization:
Trademarks and trade names(1)	699.1		—		699.1		699.1		—		699.1
Total intangible assets	$	744.7	$	(28.2)	$	716.5	$	744.7	$	(25.1)	$	719.6

(1) Amount is net of accumulated impairment charges of $610.7 million as of June 27, 2026 and June 28, 2025 for Kate Spade indefinite-lived brand intangible asset.

Schedule of Indefinite-Lived Intangible Assets

Intangible assets consist of the following:


	June 27, 2026						June 28, 2025
	Gross Carrying Amount		Accum. Amort.		Net		Gross Carrying Amount		Accum. Amort.		Net
	(millions)
Intangible assets subject to amortization:
Customer relationships	$	45.6	$	(28.2)	$	17.4	$	45.6	$	(25.1)	$	20.5

Total intangible assets subject to amortization	45.6		(28.2)		17.4		45.6		(25.1)		20.5
Intangible assets not subject to amortization:
Trademarks and trade names(1)	699.1		—		699.1		699.1		—		699.1
Total intangible assets	$	744.7	$	(28.2)	$	716.5	$	744.7	$	(25.1)	$	719.6

(1) Amount is net of accumulated impairment charges of $610.7 million as of June 27, 2026 and June 28, 2025 for Kate Spade indefinite-lived brand intangible asset.

Schedule of Expected Amortization Expense for Intangible Assets

As of June 27, 2026, the expected amortization expense for intangible assets is as follows:


	Amortization Expense
	(millions)
Fiscal Year
Fiscal 2027	$	3.0
Fiscal 2028	3.0
Fiscal 2029	3.0
Fiscal 2030	3.0
Fiscal 2031	3.0
Fiscal 2032	2.4
Total	$	17.4

- Definition

Tabular disclosure of goodwill.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
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Reference 2: http://www.xbrl.org/2003/role/exampleRef
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Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

+ Details

REVENUE (Tables)

12 Months Ended

Jun. 27, 2026

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

Each geography presented includes net sales related to the Company's directly operated business channels, global travel retail business and to wholesale customers, including distributors, in locations within the specified geographic area.


	North America		Greater China(1)		Other Asia(2)		Other(3)		Total
	(millions)
Fiscal 2026
Coach	$	4,205.4	$	1,359.7	$	790.0	$	559.6	$	6,914.7
Kate Spade	828.7		36.9		117.3		92.0		1,074.9
Stuart Weitzman	9.4		2.1		—		3.1		14.6
Total	$	5,043.5	$	1,398.7	$	907.3	$	654.7	$	8,004.2
Fiscal 2025
Coach	$	3,429.6	$	970.2	$	769.6	$	429.1	$	5,598.5
Kate Spade	933.3		43.7		125.1		95.0		1,197.1
Stuart Weitzman	153.6		45.8		0.4		15.3		215.1
Total	$	4,516.5	$	1,059.7	$	895.1	$	539.4	$	7,010.7
Fiscal 2024
Coach	$	3,078.7	$	902.1	$	771.4	$	343.1	$	5,095.3
Kate Spade	1,074.4		45.3		130.1		84.6		1,334.4
Stuart Weitzman	160.9		65.2		1.4		14.0		241.5
Total	$	4,314.0	$	1,012.6	$	902.9	$	441.7	$	6,671.2

(1) Greater China includes mainland China, Taiwan, Hong Kong SAR, and Macao SAR.

(2) Other Asia includes Japan, Australia, Malaysia, South Korea, Singapore, and other countries primarily within Asia.

(3) Other sales primarily represents sales in Europe and the Middle East as well as royalties earned from the Company's licensing partners.

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

12 Months Ended

Jun. 27, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The following tables provide information related to the Company's derivative instruments recorded on the Company's Consolidated Balance Sheets as of June 27, 2026 and June 28, 2025:


	Notional Value				Derivative Assets				Derivative Liabilities
					Fair Value				Fair Value
	June 27, 2026		June 28, 2025		June 27, 2026		June 28, 2025		June 27, 2026		June 28, 2025
	(millions)
Designated as cash flow hedges
Foreign exchange risk(1)	$	868.8	$	735.0	$	31.1	$	6.5	$	8.9	$	7.9
Designated as net investment hedges
Foreign exchange risk(3)	1,819.6		1,690.0		71.1		15.6		221.1		263.0
Designated as fair value hedges
Foreign exchange risk(2)	103.8		—		—		—		2.4		—
Interest rate risk(2)	375.0		—		1.4		—		3.1		—
Undesignated hedges
Foreign exchange risk(1)	118.3		157.0		0.1		0.3		—		0.1
Total	$	3,285.5	$	2,582.0	$	103.7	$	22.4	$	235.5	$	271.0

(1)In Other Current Assets and Accrued Liabilities.

(2)In Other Assets and Other Liabilities.

(3)As of June 27, 2026, the Company recorded $7.1 million within Other Current Assets, $64.0 million within Other Assets, $2.1 million within Accrued Liabilities and $219.0 million within Other Liabilities. As of June 28, 2025, the Company recorded $15.6 million within Other Current Assets, $0.0 million within Other Assets, $6.9 million within Accrued Liabilities and $256.1 million within Other Liabilities.

Schedule of Pretax Impact of Gains and Losses

The following tables provide the pretax impact of gains and losses from the Company's designated derivative instruments on its Consolidated Financial Statements for the fiscal years ended June 27, 2026, June 28, 2025 and June 29, 2024:


	Amount of Gain (Loss) Recognized in OCI on Derivatives
	Fiscal Year Ended
	June 27, 2026		June 28, 2025		June 29, 2024
	(millions)
Designated as cash flow hedges
Foreign exchange risk	$	41.6	$	(19.1)	$	59.6
Interest rate risk	—		—		(10.4)
Designated as net investment hedges
Foreign exchange risk	94.7		(141.3)		74.3
Designated as fair value hedges
Foreign exchange risk	(0.1)		—		—
Total	$	136.2	$	(160.4)	$	123.5


	Amount of Gain (Loss) Reclassified from Accumulated OCI into Income
	Statement of Operations Classification	Fiscal Year Ended
		June 27, 2026		June 28, 2025		June 29, 2024
		(millions)
Designated as cash flow hedges
Foreign exchange risk	Cost of Sales	$	21.1	$	42.4	$	36.7
Interest rate risk	Other income (expense)	—		(0.9)		(9.5)
Designated as net investment hedges
Foreign exchange risk	Interest income (expense)	18.5		17.7		2.8
Total hedges		$	39.6	$	59.2	$	30.0


	Amount of Net Gain (Loss) Recognized in Income
	Statement of Operations Classification	Fiscal Year Ended
		June 27, 2026		June 28, 2025		June 29, 2024
		(millions)
Designated as fair value hedges
Foreign exchange risk
Derivative designated as hedging instrument	Other income (expense)	$	(2.3)	$	—	$	—
Amount excluded from hedge effectiveness	Other income (expense)	—		—		—
Interest rate risk
Hedged Item	Interest income (expense)	(1.7)		—		—
Derivative designated as hedging instrument	Interest income (expense)	1.7		—		—
Amount excluded from hedge effectiveness	Interest income (expense)	0.2		—		—
Designated as net investment hedges
Foreign exchange risk
Amount excluded from hedge effectiveness(1)	Interest income (expense)	31.0		28.9		28.7
Total hedges		$	28.9	$	28.9	$	28.7

(1)Includes $18.5 million, $17.7 million and $2.8 million of interest income attributable to excluded components recorded in AOCI and reclassified into income during fiscal 2026, fiscal 2025 and fiscal 2024, respectively.

SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Jun. 27, 2026

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Total Compensation Cost Charged Against Income and Related Tax Benefits

The following table shows the total compensation cost charged against income for these plans and the related tax benefits recognized in the Consolidated Statements of Operations:


	June 27, 2026(1)		June 28, 2025(1)		June 29, 2024
	(millions)
Share-based compensation expense	$	107.4	$	91.4	$	85.9
Income tax benefit related to share-based compensation expense	22.9		18.7		17.5

(1)During fiscal years ended June 27, 2026 and June 28, 2025, the Company incurred $0.4 million and $2.7 million, respectively, of share-based compensation expense related to the modification of award terms in connection with the sale of the Stuart Weitzman Business as well as $2.5 million and $1.4 million, respectively, of share-based compensation expense related to its Organizational Efficiency Costs.

Schedule of Stock Option Activity

A summary of stock option activity during the fiscal year ended June 27, 2026 is as follows:


	Number of Options Outstanding	Weighted- Average Exercise Price per Option		Weighted- Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
	(millions)				(millions)
Outstanding at June 28, 2025	5.2	$	33.97
Granted	0.2	99.91
Exercised	(1.6)	32.60
Forfeited or expired	—	38.93
Outstanding at June 27, 2026	3.8	38.29		6.2	$	406.1
Vested and expected to vest at June 27, 2026	3.8	38.25		6.2	404.1
Exercisable at June 27, 2026	2.1	32.63		5.0	241.5

Schedule of Stock Option Grant Weighted Average Assumptions

The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model and the following weighted-average assumptions:


	June 27, 2026		June 28, 2025		June 29, 2024
Expected term (years)	5.0		4.9		5.0
Expected volatility	41.5	%	40.9	%	44.8	%
Risk-free interest rate	3.9	%	3.8	%	4.5	%
Dividend yield	1.4	%	3.4	%	4.2	%

Schedule of Employee Purchase Rights Weighted Average Assumptions

Compensation expense is calculated for the fair value of employees’ purchase rights using the Black-Scholes model and the following weighted-average assumptions:


	Fiscal Year Ended
	June 27, 2026		June 28, 2025		June 29, 2024
Expected term (years)	0.5		0.5		0.5
Expected volatility	37.0	%	35.7	%	32.5	%
Risk-free interest rate	4.0	%	4.9	%	5.4	%
Dividend yield	1.6	%	2.7	%	3.9	%

Service-based Restricted Stock Unit Awards (RSUs)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Nonvested Restricted Stock Units Activity

A summary of service-based RSU activity during the year ended June 27, 2026 is as follows:


	Number of Non-vested RSUs	Weighted- Average Grant- Date Fair Value per RSU
	(millions)
Non-vested at June 28, 2025	4.5	$	37.62
Granted	0.9	102.89

Vested	(1.8)	37.59
Forfeited	(0.3)	44.75
Non-vested at June 27, 2026	3.3	54.32

Performance-based Restricted Stock Unit Awards (PRSU)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Nonvested Restricted Stock Units Activity

A summary of PRSU activity during the fiscal year ended June 27, 2026 is as follows:


	Number of Non-vested PRSUs	Weighted- Average Grant- Date Fair Value per PRSU
	(millions)
Non-vested at June 28, 2025	1.1	$	36.34
Granted	0.3	112.38
Change due to performance condition achievement	0.1	41.56
Vested	(0.5)	35.41
Forfeited	—	45.45
Non-vested at June 27, 2026	1.0	$	59.78

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

12 Months Ended

Jun. 27, 2026

Equity [Abstract]

Schedule of Components of Accumulated Other Comprehensive Income (Loss)

The components of Accumulated other comprehensive income (loss), as of the dates indicated, are as follows:


	Unrealized Gains (Losses) on Cash Flow Hedging Derivatives(1)		Unrealized Gains (Losses) on Available-for-Sale Investments		Cumulative Translation Adjustment(2)		Other(3)		Total
	(millions)
Balances at June 29, 2024	$	57.1	$	(0.2)	$	(202.8)	$	—	$	(145.9)
Other comprehensive income (loss) before reclassifications	(17.6)		2.8		(41.5)		—		(56.3)
Less: amounts reclassified from accumulated other comprehensive income to earnings	39.6		2.6		16.8		—		59.0
Net current-period other comprehensive income (loss)	(57.2)		0.2		(58.3)		—		(115.3)
Balances at June 28, 2025	$	(0.1)	$	—	$	(261.1)	$	—	$	(261.2)
Other comprehensive income (loss) before reclassifications	37.8		—		39.9		(0.1)		77.6
Less: amounts reclassified from accumulated other comprehensive income to earnings	20.0		—		15.0		—		35.0
Net current-period other comprehensive income (loss)	17.8		—		24.9		(0.1)		42.6
Balances at June 27, 2026	$	17.7	$	—	$	(236.2)	$	(0.1)	$	(218.6)

(1) The ending balances of AOCI related to cash flow hedges are net of tax of $(2.0) million and $0.7 million as of June 27, 2026 and June 28, 2025, respectively. The amounts reclassified from AOCI are net of tax of $(1.1) million and $(1.9) million as of June 27, 2026 and June 28, 2025, respectively.

(2) The ending balances of AOCI related to the fair values of instruments designated as hedges of the Company's net investment in certain foreign operations as included in foreign currency translation adjustments are a loss of $61.2 million, net of tax of $5.0 million as of June 27, 2026. The ending balance as of June 28, 2025 is a loss of $114.4 million, net of tax of $28.0 million.

(3) The ending balance of AOCI relates to excluded components of derivative instruments designated as fair value hedges. The ending balance as of June 27, 2026 is a loss of $0.1 million, net of tax of $0.0 million.

COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	Jun. 27, 2026 USD ($)	Jun. 28, 2025 USD ($)	Jan. 28, 2025 audit	Dec. 23, 2024 audit
Commitments and Contingencies Disclosure [Line Items]
Letters of credit amount outstanding	$ 38.1	$ 26.5
Total	2,396.6
Capri Holdings Limited \| Pending Litigation
Commitments and Contingencies Disclosure [Line Items]
Number of separate putative securities class actions \| audit			2	2
Senior Notes
Commitments and Contingencies Disclosure [Line Items]
Interest payment obligation	640.4
Inventories
Commitments and Contingencies Disclosure [Line Items]
Contractual cash obligations	768.2
Capital Expenditures And Cloud Computing Implementation Commitments
Commitments and Contingencies Disclosure [Line Items]
Contractual cash obligations	45.2
Other Commitments
Commitments and Contingencies Disclosure [Line Items]
Contractual cash obligations	$ 268.8

NATURE OF OPERATIONS	12 Months Ended
NATURE OF OPERATIONS	Jun. 27, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS	NATURE OF OPERATIONS Tapestry, Inc. (the "Company") is a global house of iconic accessories and lifestyle brands uniting the magic of Coach and kate spade new york. Together, we stretch what’s possible – advancing brands further than they could go alone, expanding their reach to new geographies and generations. Inspired by our consumers, we create experiences and products that build lasting brand love and elevate everyday life. The Coach and Kate Spade segments include global sales of products to customers through our direct-to-consumer ("DTC"), wholesale and licensing businesses. On August 4, 2025, the Company completed the previously announced sale of the Stuart Weitzman Business (defined below). Refer to Note 5, "Acquisitions and Divestitures," for further information.

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
Cybersecurity Risk Management and Strategy Disclosure	Jun. 27, 2026
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	Risk Management and Strategy The Company manages strategic, operational and external risks, including cybersecurity risk, through the Enterprise Risk Management (“ERM”) program which has direct involvement from the Board, the Audit Committee of the Board (the "Audit Committee"), and Senior Management. Our ERM program provides a framework whereby management conducts a comprehensive annual enterprise risk assessment to identify and prioritize the most critical risks facing the Company, as well as emerging risks, and the development and reporting of risk mitigation strategies. Through this process, we have identified cybersecurity as a risk management priority. The Company has a comprehensive cybersecurity risk assessment program that systematically identifies, analyzes and evaluates potential threats and vulnerabilities that may impact the confidentiality, integrity, and availability of the Company's information systems and data. This program includes governance structure, risk identification, risk analysis, risk management, and risk communication and reporting. On a periodic basis, the Company engages independent third-party subject matter experts to conduct a cybersecurity maturity assessment based on the National Institute of Standards and Technology framework, focused on risk assessment, global payment card industry audits, and compliance audits to help identify gaps and improve existing processes. In addition, the Company has a cybersecurity risk program that includes policies and procedures around onboarding of third parties, contractual agreement review, risk assessment and ongoing monitoring of high-risk vendors. The Company also has several tools and processes in place to actively prevent, detect and manage cybersecurity incidents. This includes: •Vulnerability Management – continuous scanning of the technology environment to identify and remediate potential vulnerabilities. •Attack Surface Management – actively monitor technology assets to reduce asset exposure or attack efficacy. •Security Monitoring and Operations – collection and aggregation of security alerts that are reviewed, analyzed and managed by the security operations team. •Threat Intelligence – gathering and analyzing information about current and emerging cyber threats. •Incident Response – incorporating detection and recovery processes, defining roles and responsibilities across the Company, establishing communication protocols and escalation procedures, including performing tabletop exercises. •Disaster Recovery and Business Continuity Plans – covering both technology and business areas globally with annual exercises to validate processes. •Cybersecurity Awareness – educating employees and third-party service providers on best practices for protecting the Company from cyber threats, which includes providing annual security and privacy industry-specific training to employees as well as conducting periodic phishing simulations to test their awareness. We are continuously enhancing our cybersecurity framework in response to the ongoing incidents and threats that we face. Cybersecurity is a key component of the Company’s risk mitigation strategy. As such, a multi-year cybersecurity strategy and roadmap are developed and incorporated into Tapestry’s long-range planning and capital allocation process. During the three fiscal years presented within this Form 10-K, our results of operations and financial condition have not been materially affected by cybersecurity risks and incidents. For a detailed discussion of significant risk factors regarding cybersecurity threats, refer to Item 1A — "Risk Factors — Risks Related to Information Security and Technology."
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	The Company has a comprehensive cybersecurity risk assessment program that systematically identifies, analyzes and evaluates potential threats and vulnerabilities that may impact the confidentiality, integrity, and availability of the Company's information systems and data. This program includes governance structure, risk identification, risk analysis, risk management, and risk communication and reporting.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	Governance Our Board has active oversight of risk management, which includes cybersecurity. Several members of our Board have cybersecurity experience gained through direct responsibilities, oversight or other relevant education and experience. Our Board has delegated primary responsibility of cybersecurity risk to the Audit Committee. The Chief Information Security Officer (“CISO”) and Chief Information Officer ("CIO") provide quarterly updates to the Audit Committee on information security, privacy risk and compliance, with updates to the Board at least annually. Our CISO manages the Company’s cybersecurity compliance program, including prevention, mitigation, detection and remediation of cybersecurity incidents. Our CISO, who reports directly into the CIO, has over 30 years of experience in security studies and cybersecurity, and holds multiple industry certifications. The Company has an Information Governance, Privacy & Security Committee responsible for management oversight of cybersecurity risk, which includes the CISO and key members of management and meets quarterly. As part of our cyber incident response plan, our CISO is responsible for escalating certain cybersecurity incidents to relevant senior management, along with several stakeholders, who then convene to evaluate the materiality of such incident using a list of quantitative and qualitative guidelines. In addition, outside advisors would be engaged as deemed necessary. The CEO, CFO, and Board are informed if the incident is deemed potentially material.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	Our Board has active oversight of risk management, which includes cybersecurity. Several members of our Board have cybersecurity experience gained through direct responsibilities, oversight or other relevant education and experience.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	Our Board has active oversight of risk management, which includes cybersecurity. Several members of our Board have cybersecurity experience gained through direct responsibilities, oversight or other relevant education and experience. Our Board has delegated primary responsibility of cybersecurity risk to the Audit Committee.
Cybersecurity Risk Role of Management [Text Block]	Our Board has active oversight of risk management, which includes cybersecurity. Several members of our Board have cybersecurity experience gained through direct responsibilities, oversight or other relevant education and experience. Our Board has delegated primary responsibility of cybersecurity risk to the Audit Committee. The Chief Information Security Officer (“CISO”) and Chief Information Officer ("CIO") provide quarterly updates to the Audit Committee on information security, privacy risk and compliance, with updates to the Board at least annually.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	Our CISO manages the Company’s cybersecurity compliance program, including prevention, mitigation, detection and remediation of cybersecurity incidents. Our CISO, who reports directly into the CIO, has over 30 years of experience in security studies and cybersecurity, and holds multiple industry certifications.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Our CISO, who reports directly into the CIO, has over 30 years of experience in security studies and cybersecurity, and holds multiple industry certifications.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	Our Board has active oversight of risk management, which includes cybersecurity. Several members of our Board have cybersecurity experience gained through direct responsibilities, oversight or other relevant education and experience. Our Board has delegated primary responsibility of cybersecurity risk to the Audit Committee. The Chief Information Security Officer (“CISO”) and Chief Information Officer ("CIO") provide quarterly updates to the Audit Committee on information security, privacy risk and compliance, with updates to the Board at least annually. Our CISO manages the Company’s cybersecurity compliance program, including prevention, mitigation, detection and remediation of cybersecurity incidents. Our CISO, who reports directly into the CIO, has over 30 years of experience in security studies and cybersecurity, and holds multiple industry certifications. The Company has an Information Governance, Privacy & Security Committee responsible for management oversight of cybersecurity risk, which includes the CISO and key members of management and meets quarterly. As part of our cyber incident response plan, our CISO is responsible for escalating certain cybersecurity incidents to relevant senior management, along with several stakeholders, who then convene to evaluate the materiality of such incident using a list of quantitative and qualitative guidelines. In addition, outside advisors would be engaged as deemed necessary. The CEO, CFO, and Board are informed if the incident is deemed potentially material.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Jun. 27, 2026

Fair Value Disclosures [Abstract]

Schedule of Fair Value Measurements of Assets and Liabilities

The following table shows the fair value measurements of the Company’s financial assets and liabilities at June 27, 2026 and June 28, 2025:


	Level 1				Level 2
	June 27, 2026		June 28, 2025		June 27, 2026		June 28, 2025
	(millions)
Assets:
Cash equivalents(1)	$	106.8	$	225.9	$	—	$	—
Short-term investments:

Commercial paper(2)	—		—		66.2		—
Government securities - U.S.(2)	18.2		—		—		—
Corporate debt securities - U.S.(2)	—		—		65.0		—

Other	—		—		27.9		19.6
Long-term investments:




Other	—		—		—		1.4
Derivative Assets:
Inventory-related instruments(3)	—		—		31.1		6.5
Net investment hedges(3)	—		—		71.1		15.6
Intercompany loans and payables(3)	—		—		0.1		0.3
Interest rate hedge instruments(3)	—		—		1.4		—

Liabilities:

Derivative liabilities:
Inventory-related instruments(3)	$	—	$	—	$	8.9	$	7.9
Net investment hedges(3)	—		—		221.1		263.0
Intercompany loans and payables(3)	—		—		2.4		0.1
Interest rate hedge instruments(3)	—		—		3.1		—

(1)Cash equivalents generally consists of money market funds and time deposits with maturities of three months or less at the date of purchase. Due to their short-term maturity, management believes that their carrying value approximates fair value.

(2)Short-term investments are recorded at fair value, which approximates their carrying value, and are primarily based upon quoted vendor or broker priced securities in active markets.

(3)The fair value of these derivative instruments is primarily based on the forward curves of the specific indices upon which settlement is based and includes an adjustment for the counterparty’s or Company’s credit risk.

EARNINGS PER SHARE (Tables)

12 Months Ended

Jun. 27, 2026

Earnings Per Share [Abstract]

Schedule of Calculation of Basic and Diluted Earnings Per Share

The following is a reconciliation of the weighted-average shares outstanding and calculation of basic and diluted earnings per share:


	Fiscal Year Ended
	June 27, 2026		June 28, 2025		June 29, 2024
	(millions, except per share data)
Net income (loss)	$	1,527.7	$	183.2	$	816.0

Weighted-average basic shares	204.0		216.8		229.2
Dilutive securities:
Effect of dilutive securities	6.2		5.7		4.0
Weighted-average diluted shares	210.2		222.5		233.2

Net income (loss) per share:
Basic	$	7.49	$	0.84	$	3.56
Diluted	$	7.27	$	0.82	$	3.50

Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Jun. 27, 2026

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Schedule II - Valuation and Qualifying Accounts

Schedule II — Valuation and Qualifying Accounts

For the Fiscal Years Ended June 27, 2026, June 28, 2025 and June 29, 2024


	Balance at Beginning of Year		Additions Charged to Costs and Expenses		Write-offs/ Allowances Taken		Other(1)		Balance at End of Year
	(millions)
Fiscal 2026
Allowance for credit losses	$	6.7	$	6.1	$	(5.7)	$	(1.0)	$	6.1
Allowance for returns	15.7		13.4		(6.6)		(7.4)		15.1
Allowance for markdowns	12.2		13.7		(11.3)		(4.2)		10.4
Valuation allowance	17.6		—		(5.6)		—		12.0
Total	$	52.2	$	33.2	$	(29.2)	$	(12.6)	$	43.6
Fiscal 2025
Allowance for credit losses(2)	$	6.9	$	3.6	$	(3.8)	$	—	$	6.7
Allowance for returns(2)	11.2		17.3		(12.8)		—		15.7
Allowance for markdowns(2)	9.6		17.4		(14.8)		—		12.2
Valuation allowance	32.1		—		(14.5)		—		17.6
Total	$	59.8	$	38.3	$	(45.9)	$	—	$	52.2
Fiscal 2024
Allowance for credit losses	$	5.8	$	4.3	$	(3.2)	$	—	$	6.9
Allowance for returns	15.3		10.4		(14.5)		—		11.2
Allowance for markdowns	11.3		14.9		(16.6)		—		9.6
Valuation allowance	34.3		—		(2.2)		—		32.1
Total	$	66.7	$	29.6	$	(36.5)	$	—	$	59.8

(1) Other represents balances related to the Stuart Weitzman Business which was sold on August 4, 2025. Refer to Note 5, "Acquisitions and Divestitures," for additional information.

(2) Fiscal 2025 balances at end of year for Allowance for credit losses, Allowance for returns and Allowance for markdowns include balances for the Stuart Weitzman Business of $1.0 million, $7.4 million, and $4.2 million, respectively, which are presented in the Consolidated Balance Sheet as Assets held for sale as of June 28, 2025. Refer to Note 5, "Acquisitions and Divestitures," for further information.

INCOME TAXES - Schedule of Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Jun. 27, 2026	Jun. 28, 2025
Deferred Tax Assets, Gross [Abstract]
Share-based compensation	$ 17.3	$ 17.4
Reserves not deductible until paid	59.4	44.4
Employee benefits	33.6	41.9
Net operating loss	27.0	29.2
Prepaid expenses	0.5	0.0
Inventory	15.4	16.4
Lease liability	326.6	332.1
Other	0.0	66.9
Gross deferred tax assets	479.8	548.3
Valuation allowance	12.0	17.6
Deferred tax assets after valuation allowance	467.8	530.7
Deferred Tax Liabilities, Gross [Abstract]
Goodwill	48.9	55.5
Other intangibles	178.0	163.4
Property and equipment	19.2	15.2
Foreign investments	50.8	38.7
Right-of-use assets	300.7	302.7
Prepaid expenses	0.0	1.2
Other	7.3	0.0
Gross deferred tax liabilities	604.9	576.7
Net deferred tax (liabilities) assets	(137.1)	(46.0)
Consolidated Balance Sheets Classification
Deferred income taxes – non-current asset	35.7	33.8
Deferred income taxes – non-current liability	$ (172.8)	$ (79.8)

INVESTMENTS - Narrative (Details) - USD ($)	12 Months Ended
INVESTMENTS - Narrative (Details) - USD ($)	Jun. 27, 2026	Jun. 28, 2025
Investments, Debt and Equity Securities [Abstract]
Available-for-sale investments, gross realized gain (loss)	$ 0.0	$ 2,600,000
Available-for-sale investments, unrealized gain (losses)	$ 0	$ 0

LEASES - Schedule of Maturity (Details) $ in Millions	Jun. 27, 2026 USD ($)
Operating Leases
Fiscal 2027	$ 365.5
Fiscal 2028	306.8
Fiscal 2029	243.1
Fiscal 2030	197.5
Fiscal 2031	145.9
Fiscal 2032 and thereafter	588.6
Total operating lease payments	1,847.4
Less: imputed interest	(273.4)
Total operating lease liabilities	$ 1,574.0

INCOME TAXES

12 Months Ended

Jun. 27, 2026

Income Tax Disclosure [Abstract]

INCOME TAXES

Taxes on Income

The United States and foreign income before provision for income taxes are as follows:


	Fiscal Years Ended
	June 27, 2026		June 28, 2025		June 29, 2024
	(millions)
United States (1)	$	877.5	$	(655.8)	$	139.0
Foreign	983.1		871.9		872.9
Total income before provision for income taxes	$	1,860.6	$	216.1	$	1,011.9

(1)The United States jurisdiction includes foreign pre-tax earnings allocated to the Company through its interest in a foreign partnership.

Current and deferred tax provision (benefit) are as follows:


	Fiscal Year Ended
	June 27, 2026				June 28, 2025				June 29, 2024
	Current		Deferred		Current		Deferred		Current		Deferred
	(millions)
Federal	$	121.6	$	44.2	$	60.6	$	(144.1)	$	71.0	$	14.2
Foreign	129.8		(2.1)		88.8		16.3		103.5		(14.6)
State	30.7		8.7		23.3		(12.0)		18.9		2.9
Total current and deferred tax provision (benefit)	$	282.1	$	50.8	$	172.7	$	(139.8)	$	193.4	$	2.5

Tax Rate Reconciliation

The following table reconciles the provision for income taxes computed by applying the U.S. statutory rate to income before taxes to the actual provision for fiscal 2026. Refer to Note 3, "Significant Accounting Policies," for information regarding the Company's prospective adoption of ASU 2023-09.


	Fiscal Year Ended
	June 27, 2026
	Amount		Percentage
	(millions)

Tax expense at U.S. statutory rate	390.7		21.0	%

State and local income taxes (1)	33.4		1.8

Effect of cross-border tax laws (2)
GILTI (3)	84.2		4.5
U.S. tax on branch income or loss	36.7		2.0
Other	(2.2)		(0.1)
Tax credits
Foreign tax credits	(111.3)		(6.0)
Other	(2.0)		(0.1)
Non-taxable or non-deductible items
Share-based compensation	(22.0)		(1.2)
Other	1.5		0.1
Foreign tax effects
Singapore
Effect of rates different than U.S. statutory rate	(124.6)		(6.7)
Qualified Domestic Minimum Top-up Tax ("QDMTT")	42.4		2.3
Other	7.3		0.4
Other foreign jurisdictions	(1.9)		(0.1)
Changes in unrecognized tax benefits	12.1		0.6
Other adjustments	(11.4)		(0.6)
Taxes at effective worldwide rates	$	332.9	17.9	%

(1)For the year ended June 27, 2026, state and local taxes primarily relate to California, New York City, New York, Florida, and Illinois.

(2)Excludes the impact of foreign tax credits.

(3)This item represents Global Intangible Low-Taxed Income ("GILTI").

In accordance with the disclosure requirements in effect prior to the adoption of ASU 2023-09, the provisions for income taxes computed by applying the U.S. statutory rate to income before taxes were reconciled to the actual provisions as follows:


	Fiscal Years Ended
	June 28, 2025				June 29, 2024
	Amount		Percentage		Amount		Percentage
	(millions)





Tax expense at U.S. statutory rate	$	45.3	21.0	%	$	212.5	21.0	%
State taxes, net of federal benefit	5.5		2.5		18.1		1.8
Effects of foreign operations(1)	19.8		9.2		20.5		2.0
Effects of tax credits, acquisition costs and reorganization costs	(95.5)		(44.2)		(64.6)		(6.4)
Effects of impairment(2)	51.3		23.7		—		—
Share-based compensation	(7.8)		(3.6)		2.3		0.2

Other, net	14.3		6.6		7.1		0.8
Taxes at effective worldwide rates	$	32.9	15.2	%	$	195.9	19.4	%

(1)This includes the tax related to GILTI. The Company has elected to account for the tax associated with GILTI as a period cost and, accordingly, has not recorded deferred taxes associated with GILTI.

(2)This item represents the effective tax-rate impact of the Kate Spade goodwill impairment activity recorded in the U.S. in fiscal 2025.

Cash Paid for Taxes

In connection with the Company’s prospective adoption of ASU 2023-09, cash paid for income taxes, net of refunds, was disaggregated as follows:


	Fiscal Year Ended
	June 27, 2026
	(millions)
U.S. Federal	$	84.6
U.S. State and local	30.3
Foreign
Singapore	38.4
China	12.4
Japan	12.3
Other	22.7
Cash paid for income taxes, net of refunds	$	200.7

Deferred Taxes

The components of deferred tax assets and liabilities were:


	June 27, 2026		June 28, 2025
	(millions)
Share-based compensation	$	17.3	$	17.4
Reserves not deductible until paid	59.4		44.4

Employee benefits	33.6		41.9
Net operating loss	27.0		29.2
Prepaid expenses	0.5		—

Inventory	15.4		16.4
Lease liability	326.6		332.1
Other	—		66.9
Gross deferred tax assets	479.8		548.3
Valuation allowance	12.0		17.6
Deferred tax assets after valuation allowance	$	467.8	$	530.7

Goodwill	48.9		55.5
Other intangibles	178.0		163.4
Property and equipment	19.2		15.2
Foreign investments	50.8		38.7
Right-of-use assets	300.7		302.7
Prepaid expenses	—		1.2
Other	7.3		—
Gross deferred tax liabilities	604.9		576.7
Net deferred tax (liabilities) assets	$	(137.1)	$	(46.0)

Consolidated Balance Sheets Classification

Deferred income taxes – non-current asset	35.7		33.8

Deferred income taxes – non-current liability	(172.8)		(79.8)
Net deferred tax (liabilities) assets	$	(137.1)	$	(46.0)

Unrecognized Tax Benefits

Significant judgment is required in determining the worldwide provision for income taxes, and there are many transactions for which the ultimate tax outcome is uncertain. It is the Company’s policy to establish provisions for taxes that may become payable in future years, including those due to an examination by tax authorities. The Company establishes the provisions based upon management’s assessment of exposure associated with uncertain tax positions. The provisions are analyzed at least quarterly.

A reconciliation of the beginning and ending gross amount of unrecognized tax benefits is as follows:


	June 27, 2026		June 28, 2025		June 29, 2024
	(millions)
Balance at beginning of fiscal year	$	110.7	$	115.8	$	91.8
Gross increase due to tax positions related to prior periods	4.4		15.9		20.5
Gross decrease due to tax positions related to prior periods	(2.6)		(15.5)		(0.9)
Gross increase due to tax positions related to current period	5.1		4.5		6.5
Decrease due to lapse of statutes of limitation	(0.4)		(2.4)		(2.1)
Decrease due to settlements with taxing authorities	(1.5)		(7.6)		—

Balance at end of fiscal year	$	115.7	$	110.7	$	115.8

Of the $115.7 million ending gross unrecognized tax benefit balance as of June 27, 2026, $112.4 million relates to items which, if recognized, would impact the effective tax rate. Of the $110.7 million ending gross unrecognized tax benefit balance as of June 28, 2025, $107.1 million relates to items which, if recognized, would impact the effective tax rate. As of June 27, 2026 and June 28, 2025, gross interest and penalties payable was $34.3 million and $26.9 million, respectively, which are included in Other liabilities. During fiscal 2026, fiscal 2025 and fiscal 2024, the Company recognized gross interest and penalty expense of $7.5 million, $7.1 million and $9.5 million, respectively.

The Company files income tax returns in the U.S. federal jurisdiction, as well as various state and foreign jurisdictions. Tax examinations are currently in progress in select foreign and state jurisdictions that are extending the years open under the statutes of limitation. Fiscal years 2018 through the present are open to examination in the U.S. federal jurisdiction, fiscal years 2018 through the present in select state jurisdictions and fiscal years 2019 through the present in select foreign jurisdictions. The Company is currently under U.S. federal audit for fiscal years 2018 through 2020. The IRS is examining carryback claims to fiscal 2014 through fiscal 2020 as part of Joint Committee procedures for tax refund claims. The Company anticipates that one or more of these audits may be finalized and certain statutes of limitation may expire in the foreseeable future. However, based on the status of these examinations and the average time typically incurred in finalizing audits with the relevant tax authorities, the Company cannot reasonably estimate the impact these audits may have in the next 12 months, if any, on previously recorded uncertain tax positions. The Company accrues for certain known and reasonably anticipated income tax obligations after assessing the likely outcome based on the weight of available evidence. Although the Company believes that the estimates and assumptions used are reasonable and legally supportable, the final determination of tax audits could be different than that which is reflected in historical income tax provisions and recorded assets and liabilities. With respect to all jurisdictions, the Company has made adequate provision for all income tax uncertainties.

As of June 27, 2026, the Company had the following tax loss carryforwards available: U.S. state tax loss carryforwards of $374.0 million and tax loss carryforwards of various foreign jurisdictions of $31.4 million. As of June 28, 2025, the Company had the following tax loss carryforwards available: U.S. state tax loss carryforwards of $370.0 million and tax loss carryforwards of various foreign jurisdictions of $38.3 million. The state net operating loss carryforwards generally start to expire in fiscal 2027. The majority of the foreign net operating loss carryforwards may be carried forward indefinitely. Deferred tax assets, including the deferred tax assets recognized on these net operating losses, have been reduced by a valuation allowance of $12.0 million as of June 27, 2026 and $17.6 million as of June 28, 2025.

The Company is not permanently reinvested with respect to the earnings of a limited number of foreign entities and has recorded the tax consequences of remitting earnings from these entities. The Company is permanently reinvested with respect to all other earnings. The total estimated amount of unremitted earnings of foreign subsidiaries as of June 27, 2026 and June 28, 2025 was $795.1 million and $1.33 billion, respectively. The Company intends to distribute $686.2 million of earnings that were previously subject to U.S. federal tax and has recorded a deferred tax liability of $1.9 million during fiscal 2026 for U.S. state taxes and foreign withholding taxes related to the future distribution. Based on the Company's current analysis, there is a further unrecognized deferred tax liability of approximately $4 million to $6 million on the remaining unremitted earnings.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

SEGMENT INFORMATION - Narrative (Details) $ in Millions	12 Months Ended
SEGMENT INFORMATION - Narrative (Details) $ in Millions	Jun. 27, 2026 USD ($) segment	Jun. 28, 2025 USD ($)	Jun. 29, 2024 USD ($)
Segment Reporting [Line Items]
Number of reportable segments \| segment	2
Impairment charges	$ 0.0	$ 854.8	$ 0.0
Kate Spade
Segment Reporting [Line Items]
Impairment charges		$ 854.8

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
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-Section 50
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+ Details

LEASES (Tables)

12 Months Ended

Jun. 27, 2026

Leases [Abstract]

Schedule of Lease Cost

The following table summarizes the composition of net lease costs, primarily recorded within SG&A expenses on the Company's Consolidated Statement of Operations for the fiscal years ended June 27, 2026 and June 28, 2025:


	Fiscal Year Ended
	June 27, 2026		June 28, 2025
	(millions)
Finance lease cost:
Amortization of right-of-use assets	$	—	$	1.2
Interest on lease liabilities(1)	—		0.1
Total finance lease cost	—		1.3
Operating lease cost	378.0		360.6
Short-term lease cost	15.4		22.8
Variable lease cost	232.1		204.8
Operating lease right-of-use impairment	0.8		3.0
Less: sublease income	(14.7)		(16.4)
Total net lease cost	$	611.6	$	576.1

(1) Interest on lease liabilities is recorded within Interest expense, net on the Company's Consolidated Statement of Operations.

The following table summarizes certain cash flow information related to the Company's leases for the fiscal year ended June 27, 2026 and June 28, 2025:


	Fiscal Year Ended
	June 27, 2026		June 28, 2025
	(millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	423.2	$	414.8
Operating cash flows from finance leases	—		0.1
Financing cash flows from finance leases	—		1.2
Non-cash transactions:
Right-of-use assets obtained in exchange for operating lease liabilities	413.8		327.7

The following table summarizes the weighted-average remaining lease terms and weighted-average discount rates related to the Company's operating leases recorded on the Consolidated Balance Sheets as of June 27, 2026 and June 28, 2025:


	June 27, 2026		June 28, 2025
Operating leases:
Weighted average remaining lease term (years)	7.4		7.4
Weighted average discount rate	4.4	%	4.4	%

Schedule of Lessee, Operating Lease, Liability, Maturity

The following table provides a maturity analysis of the Company's operating lease liabilities recorded on the Consolidated Balance Sheets as of June 27, 2026:


	June 27, 2026

	(millions)
Fiscal 2027	$	365.5
Fiscal 2028	306.8
Fiscal 2029	243.1
Fiscal 2030	197.5
Fiscal 2031	145.9
Fiscal 2032 and thereafter	588.6
Total operating lease payments	1,847.4
Less: imputed interest	(273.4)
Total operating lease liabilities	$	1,574.0

Schedule of Finance Lease, Liability, Maturity

The following table provides a maturity analysis of the Company's operating lease liabilities recorded on the Consolidated Balance Sheets as of June 27, 2026:


	June 27, 2026

	(millions)
Fiscal 2027	$	365.5
Fiscal 2028	306.8
Fiscal 2029	243.1
Fiscal 2030	197.5
Fiscal 2031	145.9
Fiscal 2032 and thereafter	588.6
Total operating lease payments	1,847.4
Less: imputed interest	(273.4)
Total operating lease liabilities	$	1,574.0

Schedule of Future Minimum Fixed Sublease Receipts

The future minimum fixed sublease receipts under non-cancelable operating lease agreements as of June 27, 2026 are as follows:


	June 27, 2026
	(millions)
Fiscal 2027	$	14.8
Fiscal 2028	14.8
Fiscal 2029	15.3
Fiscal 2030	16.0
Fiscal 2031	16.0
Fiscal 2032 and thereafter	80.2
Total sublease income	$	157.1

LEASES - Schedule of Net Lease Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025
Leases [Abstract]
Amortization of right-of-use assets	$ 0.0	$ 1.2
Interest on lease liabilities	0.0	0.1
Total finance lease cost	0.0	1.3
Operating lease cost	378.0	360.6
Short-term lease cost	15.4	22.8
Variable lease cost	232.1	204.8
Operating lease right-of-use impairment	0.8	3.0
Less: sublease income	(14.7)	(16.4)
Total net lease cost	$ 611.6	$ 576.1

REVENUE - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
REVENUE - Narrative (Details) - USD ($) $ in Millions	Jun. 27, 2026	Jun. 28, 2025
Disaggregation of Revenue [Line Items]
Deferred revenue	$ 35.1	$ 38.0
Deferred revenue recognized	$ (10.9)	$ 24.2
Licensing Business \| Net Sales \| Revenue from Rights Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of revenue	1.00%
Minimum
Disaggregation of Revenue [Line Items]
Payment terms (in days)	30 days
Maximum
Disaggregation of Revenue [Line Items]
Payment terms (in days)	90 days

INVESTMENTS

12 Months Ended

Jun. 27, 2026

Investments, Debt and Equity Securities [Abstract]

INVESTMENTS

The following table summarizes the Company’s primarily U.S. dollar-denominated investments, recorded within the Consolidated Balance Sheets as of June 27, 2026 and June 28, 2025:


	June 27, 2026						June 28, 2025
	Short-term		Long-term(2)		Total		Short-term		Long-term(2)		Total
	(millions)
Available-for-sale investments:
Commercial paper(1)	$	66.2	$	—	$	66.2	$	—	$	—	$	—
Government securities – U.S.(1)	18.2		—		18.2		—		—		—
Corporate debt securities – U.S.(1)	65.0		—		65.0		—		—		—


Total Available-for-sale investments	$	149.4	$	—	$	149.4	$	—	$	—	$	—





Other:

Other	27.9		—		27.9		19.6		1.4		21.0
Total Investments	$	177.3	$	—	$	177.3	$	19.6	$	1.4	$	21.0

(1)These securities, as of period end, have maturity dates during their respective following fiscal years and are recorded at fair value.

(2)Long-term investments are presented within Other assets on the Consolidated Balance Sheets.

The Company recognized a pre-tax gain of $0.0 million and $2.6 million on available-for-sale investments during the fiscal years ended June 27, 2026 and June 28, 2025, respectively. These gains are included within Other expense (income) on the Consolidated Statements of Operations. Additionally, the Company had no material unrealized gains or losses on available-for-sale investments as of June 27, 2026 and June 28, 2025 included within Comprehensive income (loss) on the Consolidated Statements of Comprehensive Income (Loss).

INCOME TAXES (Tables)

12 Months Ended

Jun. 27, 2026

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Provision (Benefit)

The United States and foreign income before provision for income taxes are as follows:


	Fiscal Years Ended
	June 27, 2026		June 28, 2025		June 29, 2024
	(millions)
United States (1)	$	877.5	$	(655.8)	$	139.0
Foreign	983.1		871.9		872.9
Total income before provision for income taxes	$	1,860.6	$	216.1	$	1,011.9

(1)The United States jurisdiction includes foreign pre-tax earnings allocated to the Company through its interest in a foreign partnership.

Current and deferred tax provision (benefit) are as follows:


	Fiscal Year Ended
	June 27, 2026				June 28, 2025				June 29, 2024
	Current		Deferred		Current		Deferred		Current		Deferred
	(millions)
Federal	$	121.6	$	44.2	$	60.6	$	(144.1)	$	71.0	$	14.2
Foreign	129.8		(2.1)		88.8		16.3		103.5		(14.6)
State	30.7		8.7		23.3		(12.0)		18.9		2.9
Total current and deferred tax provision (benefit)	$	282.1	$	50.8	$	172.7	$	(139.8)	$	193.4	$	2.5

Schedule of Effective Income Tax Rate Reconciliation


	Fiscal Year Ended
	June 27, 2026
	Amount		Percentage
	(millions)

Tax expense at U.S. statutory rate	390.7		21.0	%

State and local income taxes (1)	33.4		1.8

Effect of cross-border tax laws (2)
GILTI (3)	84.2		4.5
U.S. tax on branch income or loss	36.7		2.0
Other	(2.2)		(0.1)
Tax credits
Foreign tax credits	(111.3)		(6.0)
Other	(2.0)		(0.1)
Non-taxable or non-deductible items
Share-based compensation	(22.0)		(1.2)
Other	1.5		0.1
Foreign tax effects
Singapore
Effect of rates different than U.S. statutory rate	(124.6)		(6.7)
Qualified Domestic Minimum Top-up Tax ("QDMTT")	42.4		2.3
Other	7.3		0.4
Other foreign jurisdictions	(1.9)		(0.1)
Changes in unrecognized tax benefits	12.1		0.6
Other adjustments	(11.4)		(0.6)
Taxes at effective worldwide rates	$	332.9	17.9	%

(1)For the year ended June 27, 2026, state and local taxes primarily relate to California, New York City, New York, Florida, and Illinois.

(2)Excludes the impact of foreign tax credits.

(3)This item represents Global Intangible Low-Taxed Income ("GILTI").


	Fiscal Years Ended
	June 28, 2025				June 29, 2024
	Amount		Percentage		Amount		Percentage
	(millions)





Tax expense at U.S. statutory rate	$	45.3	21.0	%	$	212.5	21.0	%
State taxes, net of federal benefit	5.5		2.5		18.1		1.8
Effects of foreign operations(1)	19.8		9.2		20.5		2.0
Effects of tax credits, acquisition costs and reorganization costs	(95.5)		(44.2)		(64.6)		(6.4)
Effects of impairment(2)	51.3		23.7		—		—
Share-based compensation	(7.8)		(3.6)		2.3		0.2

Other, net	14.3		6.6		7.1		0.8
Taxes at effective worldwide rates	$	32.9	15.2	%	$	195.9	19.4	%

(2)This item represents the effective tax-rate impact of the Kate Spade goodwill impairment activity recorded in the U.S. in fiscal 2025.

Schedule of Cash Paid for Income Taxes

In connection with the Company’s prospective adoption of ASU 2023-09, cash paid for income taxes, net of refunds, was disaggregated as follows:


	Fiscal Year Ended
	June 27, 2026
	(millions)
U.S. Federal	$	84.6
U.S. State and local	30.3
Foreign
Singapore	38.4
China	12.4
Japan	12.3
Other	22.7
Cash paid for income taxes, net of refunds	$	200.7

Schedule of Components of Deferred Tax Assets and Liabilities

The components of deferred tax assets and liabilities were:


	June 27, 2026		June 28, 2025
	(millions)
Share-based compensation	$	17.3	$	17.4
Reserves not deductible until paid	59.4		44.4

Employee benefits	33.6		41.9
Net operating loss	27.0		29.2
Prepaid expenses	0.5		—

Inventory	15.4		16.4
Lease liability	326.6		332.1
Other	—		66.9
Gross deferred tax assets	479.8		548.3
Valuation allowance	12.0		17.6
Deferred tax assets after valuation allowance	$	467.8	$	530.7

Goodwill	48.9		55.5
Other intangibles	178.0		163.4
Property and equipment	19.2		15.2
Foreign investments	50.8		38.7
Right-of-use assets	300.7		302.7
Prepaid expenses	—		1.2
Other	7.3		—
Gross deferred tax liabilities	604.9		576.7
Net deferred tax (liabilities) assets	$	(137.1)	$	(46.0)

Consolidated Balance Sheets Classification

Deferred income taxes – non-current asset	35.7		33.8

Deferred income taxes – non-current liability	(172.8)		(79.8)
Net deferred tax (liabilities) assets	$	(137.1)	$	(46.0)

Schedule of Unrecognized Tax Benefits Reconciliation

A reconciliation of the beginning and ending gross amount of unrecognized tax benefits is as follows:


	June 27, 2026		June 28, 2025		June 29, 2024
	(millions)
Balance at beginning of fiscal year	$	110.7	$	115.8	$	91.8
Gross increase due to tax positions related to prior periods	4.4		15.9		20.5
Gross decrease due to tax positions related to prior periods	(2.6)		(15.5)		(0.9)
Gross increase due to tax positions related to current period	5.1		4.5		6.5
Decrease due to lapse of statutes of limitation	(0.4)		(2.4)		(2.1)
Decrease due to settlements with taxing authorities	(1.5)		(7.6)		—

Balance at end of fiscal year	$	115.7	$	110.7	$	115.8

SHARE-BASED COMPENSATION - Schedule of Performance-Based Restricted Stock Unit Activity (Details) - Performance-based Restricted Stock Unit Awards (PRSU) - $ / shares shares in Millions	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
Number of Non-vested PRSUs
Beginning balance (shares)	1.1
Granted (shares)	0.3
Change due to performance condition achievement (shares)	0.1
Vested (shares)	(0.5)
Forfeited (shares)	0.0
Ending balance (shares)	1.0	1.1
Weighted- Average Grant- Date Fair Value per PRSU
Beginning balance (USD per share)	$ 36.34
Granted (USD per share)	112.38	$ 47.73	$ 33.99
Change due to performance condition achievement (USD per share)	41.56
Vested (USD per share)	35.41
Forfeited (USD per share)	45.45
Ending balance (USD per share)	$ 59.78	$ 36.34

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
Accumulated Other Comprehensive (Loss) Income, Net of Tax [Roll Forward]
Beginning balance	$ 857.8	$ 2,896.9	$ 2,277.8
Other comprehensive income (loss) before reclassifications	77.6	(56.3)
Less: amounts reclassified from accumulated other comprehensive income to earnings	35.0	59.0
Other comprehensive income (loss), net of tax	42.6	(115.3)	44.0
Ending balance	692.1	857.8	2,896.9
Net loss on foreign currency translation adjustments	61.2	114.4
Net loss on foreign currency translation adjustments, tax expense (benefit)	5.0	28.0
Unrealized Gains (Losses) on Cash Flow Hedging Derivatives
Accumulated Other Comprehensive (Loss) Income, Net of Tax [Roll Forward]
Beginning balance	(0.1)	57.1
Other comprehensive income (loss) before reclassifications	37.8	(17.6)
Less: amounts reclassified from accumulated other comprehensive income to earnings	20.0	39.6
Other comprehensive income (loss), net of tax	17.8	(57.2)
Ending balance	17.7	(0.1)	57.1
Accumulated other comprehensive income, accumulated tax	(2.0)	0.7
Amounts reclassified from AOCI, tax	(1.1)	(1.9)
Unrealized Gains (Losses) on Available-for-Sale Investments
Accumulated Other Comprehensive (Loss) Income, Net of Tax [Roll Forward]
Beginning balance	0.0	(0.2)
Other comprehensive income (loss) before reclassifications	0.0	2.8
Less: amounts reclassified from accumulated other comprehensive income to earnings	0.0	2.6
Other comprehensive income (loss), net of tax	0.0	0.2
Ending balance	0.0	0.0	(0.2)
Cumulative Translation Adjustment
Accumulated Other Comprehensive (Loss) Income, Net of Tax [Roll Forward]
Beginning balance	(261.1)	(202.8)
Other comprehensive income (loss) before reclassifications	39.9	(41.5)
Less: amounts reclassified from accumulated other comprehensive income to earnings	15.0	16.8
Other comprehensive income (loss), net of tax	24.9	(58.3)
Ending balance	(236.2)	(261.1)	(202.8)
Other
Accumulated Other Comprehensive (Loss) Income, Net of Tax [Roll Forward]
Beginning balance	0.0	0.0
Other comprehensive income (loss) before reclassifications	(0.1)	0.0
Less: amounts reclassified from accumulated other comprehensive income to earnings	0.0	0.0
Other comprehensive income (loss), net of tax	(0.1)	0.0
Ending balance	(0.1)	0.0	0.0
Other comprehensive income (loss), derivative, excluded component, increase (decrease), adjustments, tax	0.0
Total
Accumulated Other Comprehensive (Loss) Income, Net of Tax [Roll Forward]
Beginning balance	(261.2)	(145.9)	(189.9)
Other comprehensive income (loss), net of tax	42.6	(115.3)	44.0
Ending balance	$ (218.6)	$ (261.2)	$ (145.9)

Schedule II - Valuation and Qualifying Accounts (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	$ 52.2	$ 59.8	$ 66.7
Additions Charged to Costs and Expenses	33.2	38.3	29.6
Write-offs/ Allowances Taken	(29.2)	(45.9)	(36.5)
Other	(12.6)	0.0	0.0
Balance at End of Year	43.6	52.2	59.8
Allowance for credit losses
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	6.7	6.9	5.8
Additions Charged to Costs and Expenses	6.1	3.6	4.3
Write-offs/ Allowances Taken	(5.7)	(3.8)	(3.2)
Other	(1.0)	0.0	0.0
Balance at End of Year	6.1	6.7	6.9
Allowance for credit losses \| Stuart Weitzman
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	1.0
Balance at End of Year		1.0
Allowance for returns
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	15.7	11.2	15.3
Additions Charged to Costs and Expenses	13.4	17.3	10.4
Write-offs/ Allowances Taken	(6.6)	(12.8)	(14.5)
Other	(7.4)	0.0	0.0
Balance at End of Year	15.1	15.7	11.2
Allowance for returns \| Stuart Weitzman
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	7.4
Balance at End of Year		7.4
Allowance for markdowns
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	12.2	9.6	11.3
Additions Charged to Costs and Expenses	13.7	17.4	14.9
Write-offs/ Allowances Taken	(11.3)	(14.8)	(16.6)
Other	(4.2)	0.0	0.0
Balance at End of Year	10.4	12.2	9.6
Allowance for markdowns \| Stuart Weitzman
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	4.2
Balance at End of Year		4.2
Valuation allowance
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	17.6	32.1	34.3
Additions Charged to Costs and Expenses	0.0	0.0	0.0
Write-offs/ Allowances Taken	(5.6)	(14.5)	(2.2)
Other	0.0	0.0	0.0
Balance at End of Year	$ 12.0	$ 17.6	$ 32.1

SHARE-BASED COMPENSATION - Schedule of Weighted-average Assumptions (Details) - Stock Options	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (years)	5 years	4 years 10 months 24 days	5 years
Expected volatility	41.50%	40.90%	44.80%
Risk-free interest rate	3.90%	3.80%	4.50%
Dividend yield	1.40%	3.40%	4.20%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

ACQUISITIONS AND DIVESTITURES - Stuart Weitzman Business Divestiture (Details) - Disposal Group, Disposed of by Sale, Not Discontinued Operations - Stuart Weitzman - USD ($) $ in Millions		12 Months Ended
	Feb. 16, 2025	Jun. 27, 2026	Jun. 28, 2025
Business Combination [Line Items]
Purchase price	$ 109.1
Loss on sale of business	$ 22.0	$ 3.4	$ 18.6
Income (loss) on sale and professional fees		$ 10.9

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

SHARE-BASED COMPENSATION

12 Months Ended

Jun. 27, 2026

Share-Based Payment Arrangement [Abstract]

SHARE-BASED COMPENSATION

The Company maintains several share-based compensation plans which are more fully described below. The following table shows the total compensation cost charged against income for these plans and the related tax benefits recognized in the Consolidated Statements of Operations:


	June 27, 2026(1)		June 28, 2025(1)		June 29, 2024
	(millions)
Share-based compensation expense	$	107.4	$	91.4	$	85.9
Income tax benefit related to share-based compensation expense	22.9		18.7		17.5

Stock-Based Plans

The Company maintains the Amended and Restated Tapestry, Inc. 2018 Stock Incentive Plan to award stock options and shares to certain members of management and the outside members of its Board of Directors (“Board”). The Company maintains the 2010 Stock Incentive Plan for awards granted prior to the establishment of the 2018 Stock Incentive Plan. These plans were approved by the Company's stockholders. The exercise price of each stock option equals 100% of the market price of the Company's stock on the date of grant and generally has a maximum term of ten years. Stock options and service-based share awards that are granted as part of the annual compensation process generally vest ratably over four years. Stock option and share awards are subject to forfeiture until completion of the vesting period, which ranges from one to four years. The Company issues new shares upon the exercise of stock options or vesting of share awards.

Stock Options

A summary of stock option activity during the fiscal year ended June 27, 2026 is as follows:


	Number of Options Outstanding	Weighted- Average Exercise Price per Option		Weighted- Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
	(millions)				(millions)
Outstanding at June 28, 2025	5.2	$	33.97
Granted	0.2	99.91
Exercised	(1.6)	32.60
Forfeited or expired	—	38.93
Outstanding at June 27, 2026	3.8	38.29		6.2	$	406.1
Vested and expected to vest at June 27, 2026	3.8	38.25		6.2	404.1
Exercisable at June 27, 2026	2.1	32.63		5.0	241.5

The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model and the following weighted-average assumptions:


	June 27, 2026		June 28, 2025		June 29, 2024
Expected term (years)	5.0		4.9		5.0
Expected volatility	41.5	%	40.9	%	44.8	%
Risk-free interest rate	3.9	%	3.8	%	4.5	%
Dividend yield	1.4	%	3.4	%	4.2	%

The expected term of options represents the period of time that the options granted are expected to be outstanding and is based on historical experience. Expected volatility is based on historical volatility of the Company’s stock as well as the

implied volatility from publicly traded options on the Company's stock. The risk-free interest rate is based on the zero-coupon U.S. Treasury issue as of the date of the grant. Dividend yield is based on the expected annual dividend per share and the Company’s stock price as of the grant date.

The weighted-average grant-date fair value of options granted during fiscal 2026, fiscal 2025 and fiscal 2024 was $36.74, $12.11 and $10.35, respectively. The total intrinsic value of options exercised during fiscal 2026, fiscal 2025 and fiscal 2024 was $153.5 million, $106.9 million and $11.1 million, respectively. The total cash received from option exercises was $51.7 million, $121.3 million and $23.0 million in fiscal 2026, fiscal 2025 and fiscal 2024, respectively, and the cash tax benefit realized for the tax deductions from these option exercises was $17.3 million, $18.4 million and $2.0 million, respectively.

At June 27, 2026, $15.4 million of total unrecognized compensation cost related to non-vested stock option awards is expected to be recognized over a weighted-average period of 1.3 years.

Service-based Restricted Stock Unit Awards (“RSUs”)

A summary of service-based RSU activity during the year ended June 27, 2026 is as follows:


	Number of Non-vested RSUs	Weighted- Average Grant- Date Fair Value per RSU
	(millions)
Non-vested at June 28, 2025	4.5	$	37.62
Granted	0.9	102.89

Vested	(1.8)	37.59
Forfeited	(0.3)	44.75
Non-vested at June 27, 2026	3.3	54.32

At June 27, 2026, $105.1 million of total unrecognized compensation cost related to non-vested share awards is expected to be recognized over a weighted-average period of 1.3 years.

The weighted-average grant-date fair value of share awards granted during fiscal 2026, fiscal 2025 and fiscal 2024 was $102.89, $42.39 and $34.19, respectively. The total fair value of shares vested during fiscal 2026, fiscal 2025 and fiscal 2024 was $183.4 million, $92.6 million and $95.3 million, respectively.

Performance-based Restricted Stock Unit Awards (“PRSU”)

The Company grants PRSUs to key executives, the vesting of which is subject to the executive’s continuing employment and the Company's achievement of certain performance goals. A summary of PRSU activity during the fiscal year ended June 27, 2026 is as follows:


	Number of Non-vested PRSUs	Weighted- Average Grant- Date Fair Value per PRSU
	(millions)
Non-vested at June 28, 2025	1.1	$	36.34
Granted	0.3	112.38
Change due to performance condition achievement	0.1	41.56
Vested	(0.5)	35.41
Forfeited	—	45.45
Non-vested at June 27, 2026	1.0	$	59.78

At June 27, 2026, $31.6 million of total unrecognized compensation cost related to non-vested share awards is expected to be recognized over a weighted-average period of 1.0 year.

The weighted-average grant-date fair value per share of PRSU awards granted during fiscal 2026, fiscal 2025 and fiscal 2024 was $112.38, $47.73 and $33.99, respectively. The total fair value of awards that vested during fiscal 2026, fiscal 2025 and fiscal 2024 was $46.1 million, $13.4 million and $0.0 million, respectively.

PRSUs are subject to a two-year and three-year cliff vesting contingent on the employee's continuing employment and the Company's achievement of the performance goals established at the beginning of the performance period. The fair value of the PRSUs is based on the price of the Company's common stock on the date of grant.

In fiscal 2026, fiscal 2025 and fiscal 2024, the cash tax benefit realized for the tax deductions from all RSUs (service and performance-based) was $35.1 million, $16.7 million and $15.3 million, respectively.

Employee Stock Purchase Plan

Under the 2001 Employee Stock Purchase Plan, eligible employees are permitted to purchase a limited number of Company common shares at 85% of market value. Under this plan, the Company sold 0.1 million, 0.1 million and 0.2 million shares to employees in fiscal 2026, fiscal 2025 and fiscal 2024, respectively. Compensation expense is calculated for the fair value of employees’ purchase rights using the Black-Scholes model and the following weighted-average assumptions:


	Fiscal Year Ended
	June 27, 2026		June 28, 2025		June 29, 2024
Expected term (years)	0.5		0.5		0.5
Expected volatility	37.0	%	35.7	%	32.5	%
Risk-free interest rate	4.0	%	4.9	%	5.4	%
Dividend yield	1.6	%	2.7	%	3.9	%

The weighted-average fair value of the purchase rights granted during fiscal 2026, fiscal 2025 and fiscal 2024 was $24.15, $13.48 and $8.45, respectively. The Company issues new shares for employee stock purchases.

INCOME TAXES - Schedule of Unrecognized Tax Benefits Reconciliation (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance at beginning of fiscal year	$ 110.7	$ 115.8	$ 91.8
Gross increase due to tax positions related to prior periods	4.4	15.9	20.5
Gross decrease due to tax positions related to prior periods	(2.6)	(15.5)	(0.9)
Gross increase due to tax positions related to current period	5.1	4.5	6.5
Decrease due to lapse of statutes of limitation	(0.4)	(2.4)	(2.1)
Decrease due to settlements with taxing authorities	(1.5)	(7.6)	0.0
Balance at end of fiscal year	$ 115.7	$ 110.7	$ 115.8

Cover Page - USD ($)
$ in Millions

12 Months Ended

Jun. 27, 2026

Jul. 31, 2026

Dec. 26, 2025

Cover [Abstract]

Document Type

10-K

Document Annual Report

true

Document Period End Date

Jun. 27, 2026

Current Fiscal Year End Date

--06-27

Document Transition Report

false

Entity File Number

1-16153

Entity Registrant Name

Tapestry, Inc.

Entity Incorporation, State or Country Code

Entity Tax Identification Number

52-2242751

Entity Address, Address Line One

10 Hudson Yards

Entity Address, City or Town

New York

Entity Address, State or Province

Entity Address, Postal Zip Code

10001

City Area Code

212

Local Phone Number

946-8400

Title of 12(b) Security

Common Stock, par value $.01 per share

Trading Symbol

TPR

Security Exchange Name

NYSE

Entity Well-known Seasoned Issuer

Yes

Entity Voluntary Filers

Entity Current Reporting Status

Yes

Entity Interactive Data Current

Yes

Entity Filer Category

Large Accelerated Filer

Entity Small Business

false

Entity Emerging Growth Company

false

ICFR Auditor Attestation Flag

true

Document Financial Statement Error Correction

false

Entity Shell Company

false

Entity Public Float

$ 26,530

Entity Common Stock, Shares Outstanding

199,391,678

Documents Incorporated by Reference


Documents						Form 10-K Reference
Proxy Statement for the 2026 Annual Meeting of Stockholders						Part III, Items 10 – 14

Amendment Flag

false

Document Fiscal Year Focus

2026

Document Fiscal Period Focus

Entity Central Index Key

0001116132

EARNINGS PER SHARE - Narrative (Details) - $ / shares shares in Millions	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Options to purchase shares of common stock excluded from the computation of diluted earnings per share (shares)	0.6	0.7	0.8
Options to Purchase Common Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Options to purchase shares of common stock excluded from the computation of diluted earnings per share (shares)	0.0	0.0	1.3
Options' exercise prices, lower limit (USD per share)			$ 41.82
Options' exercise prices, upper limit (USD per share)			$ 51.38

SIGNIFICANT ACCOUNTING POLICIES - Schedule of Supplier Finance Program (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025
Accounting Policies [Abstract]
Obligations outstanding, beginning of year	$ 272.8	$ 294.9
Invoices added during the year	1,412.9	1,455.2
Invoices settled during the year	(1,367.3)	(1,477.3)
Obligations outstanding, end of year	$ 318.4	$ 272.8

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

12 Months Ended

Jun. 27, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

The following tables provide information related to the Company's derivative instruments recorded on the Company's Consolidated Balance Sheets as of June 27, 2026 and June 28, 2025:


	Notional Value				Derivative Assets				Derivative Liabilities
					Fair Value				Fair Value
	June 27, 2026		June 28, 2025		June 27, 2026		June 28, 2025		June 27, 2026		June 28, 2025
	(millions)
Designated as cash flow hedges
Foreign exchange risk(1)	$	868.8	$	735.0	$	31.1	$	6.5	$	8.9	$	7.9
Designated as net investment hedges
Foreign exchange risk(3)	1,819.6		1,690.0		71.1		15.6		221.1		263.0
Designated as fair value hedges
Foreign exchange risk(2)	103.8		—		—		—		2.4		—
Interest rate risk(2)	375.0		—		1.4		—		3.1		—
Undesignated hedges
Foreign exchange risk(1)	118.3		157.0		0.1		0.3		—		0.1
Total	$	3,285.5	$	2,582.0	$	103.7	$	22.4	$	235.5	$	271.0

(1)In Other Current Assets and Accrued Liabilities.

(2)In Other Assets and Other Liabilities.


	Amount of Gain (Loss) Recognized in OCI on Derivatives
	Fiscal Year Ended
	June 27, 2026		June 28, 2025		June 29, 2024
	(millions)
Designated as cash flow hedges
Foreign exchange risk	$	41.6	$	(19.1)	$	59.6
Interest rate risk	—		—		(10.4)
Designated as net investment hedges
Foreign exchange risk	94.7		(141.3)		74.3
Designated as fair value hedges
Foreign exchange risk	(0.1)		—		—
Total	$	136.2	$	(160.4)	$	123.5


	Amount of Gain (Loss) Reclassified from Accumulated OCI into Income
	Statement of Operations Classification	Fiscal Year Ended
		June 27, 2026		June 28, 2025		June 29, 2024
		(millions)
Designated as cash flow hedges
Foreign exchange risk	Cost of Sales	$	21.1	$	42.4	$	36.7
Interest rate risk	Other income (expense)	—		(0.9)		(9.5)
Designated as net investment hedges
Foreign exchange risk	Interest income (expense)	18.5		17.7		2.8
Total hedges		$	39.6	$	59.2	$	30.0


	Amount of Net Gain (Loss) Recognized in Income
	Statement of Operations Classification	Fiscal Year Ended
		June 27, 2026		June 28, 2025		June 29, 2024
		(millions)
Designated as fair value hedges
Foreign exchange risk
Derivative designated as hedging instrument	Other income (expense)	$	(2.3)	$	—	$	—
Amount excluded from hedge effectiveness	Other income (expense)	—		—		—
Interest rate risk
Hedged Item	Interest income (expense)	(1.7)		—		—
Derivative designated as hedging instrument	Interest income (expense)	1.7		—		—
Amount excluded from hedge effectiveness	Interest income (expense)	0.2		—		—
Designated as net investment hedges
Foreign exchange risk
Amount excluded from hedge effectiveness(1)	Interest income (expense)	31.0		28.9		28.7
Total hedges		$	28.9	$	28.9	$	28.7

The Company expects that $16.3 million of net derivative gain related to inventory purchases included in AOCI at June 27, 2026 will be reclassified into earnings within the next 12 months. This amount will vary due to fluctuations in foreign currency exchange rates.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

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+ Details

GOODWILL AND OTHER INTANGIBLE ASSETS - Schedule of Indefinite and Finite Lived Assets (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Jun. 28, 2025	Jun. 27, 2026	Jun. 28, 2025
Intangible assets subject to amortization:
Gross carrying amount, customer relationships	$ 45.6	$ 45.6	$ 45.6
Accumulated amortization, customer relationships	(25.1)	(28.2)	(25.1)
Total	20.5	17.4	20.5
Intangible assets not subject to amortization:
Indefinite-lived intangible assets (excluding goodwill), Trademarks and trade names	699.1	699.1	699.1
Intangible assets, gross (excluding goodwill)	744.7	744.7	744.7
Intangible assets, net (excluding goodwill)	719.6	716.5	719.6
Kate Spade
Intangible assets not subject to amortization:
Non-cash charge related to the impairment	$ 610.7	$ 610.7	$ 610.7

REVENUE - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
Disaggregation of Revenue [Line Items]
Net sales	$ 8,004.2	$ 7,010.7	$ 6,671.2
Coach
Disaggregation of Revenue [Line Items]
Net sales	6,914.7	5,598.5	5,095.3
Kate Spade
Disaggregation of Revenue [Line Items]
Net sales	1,074.9	1,197.1	1,334.4
Stuart Weitzman
Disaggregation of Revenue [Line Items]
Net sales	14.6	215.1	241.5
North America
Disaggregation of Revenue [Line Items]
Net sales	5,043.5	4,516.5	4,314.0
North America \| Coach
Disaggregation of Revenue [Line Items]
Net sales	4,205.4	3,429.6	3,078.7
North America \| Kate Spade
Disaggregation of Revenue [Line Items]
Net sales	828.7	933.3	1,074.4
North America \| Stuart Weitzman
Disaggregation of Revenue [Line Items]
Net sales	9.4	153.6	160.9
Greater China
Disaggregation of Revenue [Line Items]
Net sales	1,398.7	1,059.7	1,012.6
Greater China \| Coach
Disaggregation of Revenue [Line Items]
Net sales	1,359.7	970.2	902.1
Greater China \| Kate Spade
Disaggregation of Revenue [Line Items]
Net sales	36.9	43.7	45.3
Greater China \| Stuart Weitzman
Disaggregation of Revenue [Line Items]
Net sales	2.1	45.8	65.2
Other Asia
Disaggregation of Revenue [Line Items]
Net sales	907.3	895.1	902.9
Other Asia \| Coach
Disaggregation of Revenue [Line Items]
Net sales	790.0	769.6	771.4
Other Asia \| Kate Spade
Disaggregation of Revenue [Line Items]
Net sales	117.3	125.1	130.1
Other Asia \| Stuart Weitzman
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.4	1.4
Other
Disaggregation of Revenue [Line Items]
Net sales	654.7	539.4	441.7
Other \| Coach
Disaggregation of Revenue [Line Items]
Net sales	559.6	429.1	343.1
Other \| Kate Spade
Disaggregation of Revenue [Line Items]
Net sales	92.0	95.0	84.6
Other \| Stuart Weitzman
Disaggregation of Revenue [Line Items]
Net sales	$ 3.1	$ 15.3	$ 14.0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Jun. 27, 2026

Intangible Asset, Goodwill and Other [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

The Company performs its annual impairment assessment of goodwill as well as brand intangibles at the beginning of the fourth quarter of each fiscal year or if an event occurs that would more likely than not reduce the fair value below its carrying amount.

The Company determined there was no impairment in fiscal 2026 based on the annual assessment and no events occurring that would more likely than not reduce the fair value below its carrying amount.

During the fourth quarter of fiscal 2025, the Company performed its annual goodwill and indefinite-lived intangible assets impairment analysis. The assessment concluded that the fair values of the Kate Spade reporting unit and indefinite-lived brand intangible asset did not exceed their respective carrying values due to a reduction in both current and future expected cash flows, which includes an estimated impact of cost increases due to changes in tariff and trade policies. Accordingly, during the three months ended June 28, 2025, the Company recorded a goodwill impairment charge of $244.1 million related to the Kate Spade reporting unit. The Company also recorded an impairment charge of $610.7 million related to the Kate Spade indefinite-lived brand intangible asset. The goodwill and brand intangible asset impairment charges were recorded within Impairment of goodwill and intangible assets on the Company's Consolidated Statement of Operations.

The estimated fair values of the Company’s reporting units are based on a weighted average of the income and market approaches. The income approach is based on estimated discounted future cash flows, while the market approach is based on earnings multiples of selected guideline companies. The approach, which qualifies as Level 3 in the fair value hierarchy, incorporated a number of significant assumptions and judgments, including, but not limited to, estimated future cash flows, discount rates, income tax rates, terminal growth rates and valuation multiples derived from comparable publicly traded companies.

Goodwill

The change in the carrying amount of the Company’s Goodwill by segment is as follows:


	Coach		Kate Spade		Total
	(millions)
Balance at June 29, 2024	$	578.0	$	626.1	$	1,204.1
Impairment charges	—		(244.1)		(244.1)

Foreign exchange impact	19.5		3.8		23.3
Balance at June 28, 2025	597.5		385.8		983.3


Foreign exchange impact	(21.7)		(3.9)		(25.6)
Balance at June 27, 2026	$	575.8	$	381.9	$	957.7

Intangible Assets

Intangible assets consist of the following:


	June 27, 2026						June 28, 2025
	Gross Carrying Amount		Accum. Amort.		Net		Gross Carrying Amount		Accum. Amort.		Net
	(millions)
Intangible assets subject to amortization:
Customer relationships	$	45.6	$	(28.2)	$	17.4	$	45.6	$	(25.1)	$	20.5

Total intangible assets subject to amortization	45.6		(28.2)		17.4		45.6		(25.1)		20.5
Intangible assets not subject to amortization:
Trademarks and trade names(1)	699.1		—		699.1		699.1		—		699.1
Total intangible assets	$	744.7	$	(28.2)	$	716.5	$	744.7	$	(25.1)	$	719.6

(1) Amount is net of accumulated impairment charges of $610.7 million as of June 27, 2026 and June 28, 2025 for Kate Spade indefinite-lived brand intangible asset.

Amortization expense for the Company’s definite-lived intangible assets was $3.1 million and $5.2 million for fiscal 2026 and fiscal 2025, respectively.

As of June 27, 2026, the expected amortization expense for intangible assets is as follows:


	Amortization Expense
	(millions)
Fiscal Year
Fiscal 2027	$	3.0
Fiscal 2028	3.0
Fiscal 2029	3.0
Fiscal 2030	3.0
Fiscal 2031	3.0
Fiscal 2032	2.4
Total	$	17.4

The expected amortization expense above reflects a remaining useful life of approximately 6.0 years for customer relationships.

DEBT (Tables)

12 Months Ended

Jun. 27, 2026

Debt Disclosure [Abstract]

Schedule of Debt

The following table summarizes the components of the Company’s outstanding debt:


	June 27, 2026		June 28, 2025
	(millions)
Current Debt:
China Credit Facility(1)	$	—	$	16.7
Total Current Debt	$	—	$	16.7

Long-Term Debt:
4.125% Senior Notes due 2027	396.6		396.6
5.100% Senior Notes due 2030	750.0		750.0
3.050% Senior Notes due 2032	500.0		500.0
5.500% Senior Notes due 2035	750.0		750.0
Total long-term debt	2,396.6		2,396.6
Less: Unamortized discount and debt issuance costs on senior notes	(15.9)		(18.7)
Less: Fair value basis adjustment(2)	(1.7)		—
Total long-term debt, net	$	2,379.0	$	2,377.9

(1)The amount outstanding under the China Credit Facility includes the impact of changes in the exchange rate of the United States Dollar against the Renminbi.

(2)Basis adjustment relates to the fair value hedge on a portion of the 5.500% Senior Notes due 2035. Refer to Note 10, "Derivative Instruments and Hedging Activities," for further information.

Schedule of Estimated Fair Values of Debt Instruments

The following table shows the estimated fair values of the senior unsecured notes at June 27, 2026 and June 28, 2025 based on external pricing data, including available quoted market prices of the instruments, and consideration of comparable debt instruments with similar interest rates and trading frequency, among other factors, and are classified as Level 2 measurements within the fair value hierarchy:


	June 27, 2026		June 28, 2025
	(millions)
4.125% Senior Notes due 2027	$	394.9	$	393.0
5.100% Senior Notes due 2030	757.4		756.8
3.050% Senior Notes due 2032	454.2		443.2
5.500% Senior Notes due 2035	757.7		748.2

Schedule of Debt Maturities

As of June 27, 2026, the debt maturities for the next five fiscal years and thereafter are as follows:


	Principal
	(millions)
Fiscal Year
2027	$	—
2028	396.6
2029	—
2030	750.0
2031	—
2032 and thereafter	1,250.0
Total	$	2,396.6

SEGMENT INFORMATION (Tables)

12 Months Ended

Jun. 27, 2026

Segment Reporting [Abstract]

Schedule of Segment Performance

The following table summarizes net sales, significant expenses and operating profit (loss) of each of the Company's segments and reconciliation to the Company's Income (loss) before provision for income taxes for fiscal 2026, fiscal 2025 and fiscal 2024:


	Coach		Kate Spade		Stuart Weitzman(1)		Total
	(millions)
Fiscal 2026
Net sales	$	6,914.7	$	1,074.9	$	14.6	$	8,004.2
Cost of sales(2)	1,402.5		365.8		6.9		1,775.2
Selling, general and administrative expenses(2)	2,971.0		719.1		8.7		3,698.8
Total segment operating profit (loss):	$	2,541.2	$	(10.0)	$	(1.0)	$	2,530.2
Unallocated corporate expenses(3)							615.8
Unallocated other charges, net(4)							53.8
Income (loss) before provision for income taxes							$	1,860.6
Fiscal 2025
Net sales	$	5,598.5	$	1,197.1	$	215.1	$	7,010.7
Cost of sales(2)	1,226.0		399.1		96.7		1,721.8
Selling, general and administrative expenses(2)	2,497.2		1,567.2		133.8		4,198.2
Total segment operating profit (loss):	$	1,875.3	$	(769.2)	$	(15.4)	$	1,090.7
Unallocated corporate expenses(3)							675.7
Unallocated other charges, net(4)							198.9
Income (loss) before provision for income taxes							$	216.1
Fiscal 2024
Net sales	$	5,095.3	$	1,334.4	$	241.5	$	6,671.2
Cost of sales(2)	1,219.9		463.2		98.6		1,781.7
Selling, general and administrative expenses(2)	2,224.3		738.6		164.1		3,127.0
Total segment operating profit (loss):	$	1,651.1	$	132.6	$	(21.2)	$	1,762.5
Unallocated corporate expenses(3)							622.4
Unallocated other charges, net(4)							128.2
Income (loss) before provision for income taxes							$	1,011.9

(1) During fiscal 2026, Stuart Weitzman Net sales, Cost of sales and Selling, general and administrative expenses represent results for the period prior to the sale on August 4, 2025.

(2) Significant expense categories that are regularly provided to the CODM, or easily computable from information that is regularly provided to the CODM. SG&A expenses include Other selling, general and administrative expenses and Impairment of goodwill and intangible assets on the Company's Consolidated Statement of Operations.

(3) Unallocated corporate expenses represent certain corporate expenses that are not directly attributable to a segment.

(4) Includes Loss on extinguishment of debt, Interest expense, net and Other expense (income).

The following table summarizes depreciation and amortization expense of each of the Company's segments for fiscal 2026, fiscal 2025, and fiscal 2024:


	Fiscal Year Ended
	June 27, 2026(3)		June 28, 2025(3)		June 29, 2024
	(millions)
Depreciation and amortization expense(1):
Coach	$	97.3	$	91.2	$	88.0
Kate Spade	33.4		34.1		41.6
Stuart Weitzman	0.3		6.1		10.6
Total segment depreciation and amortization expense:	131.0		131.4		140.2
Unallocated corporate(2)	41.2		36.0		33.8
Total Depreciation and amortization expense:	$	172.2	$	167.4	$	174.0

(1) Depreciation and amortization expense for the segments includes an allocation of expense related to assets which support multiple segments.

(2) Unallocated corporate, which is not a reportable segment, represents certain depreciation and amortization costs that are not directly attributable to a segment.

(3) For the fiscal year ended June 27, 2026, depreciation and amortization expense includes $1.4 million of costs related to the Company's distribution network optimization efforts recorded within the Kate Spade segment, $0.9 million of impairment charges in connection with the sale of the Stuart Weitzman Business recorded within Unallocated corporate and $9.1 million of costs related to the Company's organizational efficiency efforts, of which $5.6 million was recorded within Unallocated corporate and $3.5 million was recorded within the Kate Spade segment.

For the fiscal year ended June 28, 2025, depreciation and amortization expense includes $2.7 million of impairment charges in connection with the sale of the Stuart Weitzman Business of which $2.1 million was recorded within Unallocated corporate and $0.6 million was recorded within the Stuart Weitzman segment and $1.8 million of costs related to the Company's organizational efficiency efforts, recorded within Unallocated corporate. Refer to Note 5, "Acquisitions and Divestitures," for further information.

Schedule of Net Sales by Product Category

The following table disaggregates Net sales for each of the Company's product categories by segment in fiscal 2026, fiscal 2025, and fiscal 2024:


	Fiscal Year Ended
	June 27, 2026				June 28, 2025				June 29, 2024
	Amount		% of Total segment net sales		Amount		% of Total segment net sales		Amount		% of Total segment net sales
	(millions)
Coach
Handbags	$	4,016.3	58.1	%	$	3,223.3	57.6	%	$	2,889.9	56.7	%
Accessories	1,991.8		28.8		1,539.5		27.5		1,407.9		27.6
Footwear	408.5		5.9		342.5		6.1		326.0		6.4
Other	498.1		7.2		493.2		8.8		471.5		9.3
Total Coach	$	6,914.7	100.0	%	$	5,598.5	100.0	%	$	5,095.3	100.0	%

Kate Spade
Handbags	$	594.9	55.3	%	$	623.0	52.1	%	$	721.0	54.0	%
Accessories	241.1		22.4		269.8		22.5		307.0		23.0
Footwear	48.1		4.5		55.2		4.6		57.4		4.3
Other	190.8		17.8		249.1		20.8		249.0		18.7
Total Kate Spade	$	1,074.9	100.0	%	$	1,197.1	100.0	%	$	1,334.4	100.0	%

Stuart Weitzman(1)	$	14.6	100.0	%	$	215.1	100.0	%	$	241.5	100.0	%

Tapestry
Handbags	$	4,611.2	57.6	%	$	3,846.3	54.9	%	$	3,610.9	54.1	%
Accessories	2,232.9		27.9		1,809.3		25.8		1,714.9		25.7
Footwear(1)	471.2		5.9		612.8		8.7		624.9		9.4
Other	688.9		8.6		742.3		10.6		720.5		10.8
Total Tapestry	$	8,004.2	100.0	%	$	7,010.7	100.0	%	$	6,671.2	100.0	%

(1)All Stuart Weitzman net sales are included within the Tapestry Footwear category. For the year ended June 27, 2026, Stuart Weitzman net sales were for the period prior to the sale on August 4, 2025. Refer to Note 5, "Acquisitions and Divestitures," for further information.

Schedule of Geographical Area Information


	United States		Greater China(2)		Japan		Other(3)		Total
	(millions)
Fiscal 2026
Net sales(1)	$	4,697.4	$	1,398.7	$	465.7	$	1,442.4	$	8,004.2
Long-lived assets	1,525.5		149.1		113.9		310.9		2,099.4
Fiscal 2025
Net sales(1)	$	4,208.1	$	1,059.7	$	514.8	$	1,228.1	$	7,010.7
Long-lived assets	1,431.7		142.3		105.1		257.7		1,936.8
Fiscal 2024
Net sales(1)	$	3,949.7	$	1,012.6	$	554.4	$	1,154.5	$	6,671.2
Long-lived assets	1,533.7		151.8		94.0		210.0		1,989.5

(1)Includes net sales from our global travel retail business in locations within the specified geographic area.

(2)Greater China includes sales in mainland China, Taiwan, Hong Kong SAR, and Macao SAR.

(3)Other includes sales in Europe, Canada, Australia, Malaysia, South Korea, Singapore and other countries primarily in Asia as well as royalties earned from the Company's licensing partners.

- Definition

Tabular disclosure of segment reporting. Includes, but is not limited to, reconciliation of reportable segment amount to corresponding consolidated total.

+ References

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-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

+ Details

INCOME TAXES - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
INCOME TAXES - Narrative (Details) - USD ($) $ in Millions	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024	Jul. 01, 2023
Income Tax Contingency [Line Items]
Gross unrecognized tax benefit	$ 115.7	$ 110.7	$ 115.8	$ 91.8
Unrecognized tax benefit that would impact effective tax rate	112.4	107.1
Gross interest and penalties payable	34.3	26.9
Interest and penalty expense (income)	7.5	7.1	$ 9.5
Net operating loss	27.0	29.2
Valuation allowance	12.0	17.6
Undistributed earnings of foreign subsidiaries	795.1	1,330.0
Deferred income taxes	172.8	79.8
State
Income Tax Contingency [Line Items]
Net operating loss	374.0	370.0
Pending distribution of accumulated earnings of foreign subsidiary	686.2
Deferred income taxes	1.9
Foreign
Income Tax Contingency [Line Items]
Net operating loss	31.4	$ 38.3
Minimum
Income Tax Contingency [Line Items]
Deferred tax liability not recognized, amount of unrecognized deferred tax liability, undistributed earnings of foreign subsidiaries	4.0
Maximum
Income Tax Contingency [Line Items]
Deferred tax liability not recognized, amount of unrecognized deferred tax liability, undistributed earnings of foreign subsidiaries	$ 6.0

FAIR VALUE MEASUREMENTS

12 Months Ended

Jun. 27, 2026

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

The Company categorizes its assets and liabilities, based on the priority of the inputs to the valuation technique, into a three-level fair value hierarchy as set forth below. The three levels of the hierarchy are defined as follows:

Level 1 — Unadjusted quoted prices in active markets for identical assets or liabilities.

Level 2 — Observable inputs other than quoted prices included in Level 1. Level 2 inputs include quoted prices for identical assets or liabilities in non-active markets, quoted prices for similar assets or liabilities in active markets and inputs other than quoted prices that are observable for substantially the full term of the asset or liability.

Level 3 — Unobservable inputs reflecting management’s own assumptions about the inputs used in pricing the asset or liability. The Company does not have any Level 3 investments.

The following table shows the fair value measurements of the Company’s financial assets and liabilities at June 27, 2026 and June 28, 2025:


	Level 1				Level 2
	June 27, 2026		June 28, 2025		June 27, 2026		June 28, 2025
	(millions)
Assets:
Cash equivalents(1)	$	106.8	$	225.9	$	—	$	—
Short-term investments:

Commercial paper(2)	—		—		66.2		—
Government securities - U.S.(2)	18.2		—		—		—
Corporate debt securities - U.S.(2)	—		—		65.0		—

Other	—		—		27.9		19.6
Long-term investments:




Other	—		—		—		1.4
Derivative Assets:
Inventory-related instruments(3)	—		—		31.1		6.5
Net investment hedges(3)	—		—		71.1		15.6
Intercompany loans and payables(3)	—		—		0.1		0.3
Interest rate hedge instruments(3)	—		—		1.4		—

Liabilities:

Derivative liabilities:
Inventory-related instruments(3)	$	—	$	—	$	8.9	$	7.9
Net investment hedges(3)	—		—		221.1		263.0
Intercompany loans and payables(3)	—		—		2.4		0.1
Interest rate hedge instruments(3)	—		—		3.1		—

(2)Short-term investments are recorded at fair value, which approximates their carrying value, and are primarily based upon quoted vendor or broker priced securities in active markets.

Refer to Note 12, "Debt," for the fair value of the Company's outstanding debt instruments.

Non-Financial Assets and Liabilities

The Company’s non-financial instruments, which primarily consist of goodwill, intangible assets, right-of-use assets and property and equipment, are not required to be measured at fair value on a recurring basis and are reported at carrying value. However, on a periodic basis whenever events or changes in circumstances indicate that their carrying value may not be fully recoverable (and at least annually for goodwill and indefinite-lived intangible assets), non-financial instruments are assessed for impairment and, if applicable, written-down to and recorded at fair value, considering market participant assumptions. The Company determines the fair values of these assets based on Level 3 measurements. Inputs to these fair value measurements included estimates of the amounts and the timing of future discounted cash flows based on historical experience, current trends, market conditions and performance expectations.

The Company did not record goodwill or brand intangible asset impairment charges during the fiscal year ended June 27, 2026. During the fiscal year ended June 28, 2025, the Company recorded an impairment of $610.7 million to the Kate Spade indefinite-lived brand intangible and an impairment of $244.1 million to goodwill pertaining to the Kate Spade reporting unit. Refer to Note 14, "Goodwill and Other Intangible Assets" for further information.

During the fiscal year ended June 27, 2026, the Company recorded $7.0 million of impairment charges to reduce the carrying amount of certain store assets within property and equipment, net to their estimated fair values. During the fiscal year ended June 28, 2025, the Company recorded $5.8 million of impairment charges to reduce the carrying amount of certain store assets within property and equipment, net to their estimated fair values.

During the fiscal year ended June 27, 2026, the Company recorded $0.8 million of impairment charges to reduce the carrying amount of certain operating lease right-of-use assets to their estimated fair values. During the fiscal year ended June 28, 2025, the Company recorded $3.0 million of impairment charges to reduce the carrying amount of certain operating lease right-of-use assets to their estimated fair values.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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Reference 3: http://www.xbrl.org/2003/role/exampleRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 6A
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Paragraph 6A
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Jun. 27, 2026
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

SEGMENT INFORMATION - Schedule of Depreciation and Amortization Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
Segment Reporting [Line Items]
Total Depreciation and amortization expense:	$ 172.2	$ 167.4	$ 174.0
Asset impairment charges	0.0	854.8	0.0
Stuart Weitzman
Segment Reporting [Line Items]
Asset impairment charges		2.7
Kate Spade
Segment Reporting [Line Items]
Asset impairment charges		854.8
Kate Spade \| Other Capitalized Property Plant and Equipment
Segment Reporting [Line Items]
Total Depreciation and amortization expense:	1.4
Kate Spade \| Kate Spade
Segment Reporting [Line Items]
Asset impairment charges	3.5
Operating Segments
Segment Reporting [Line Items]
Total Depreciation and amortization expense:	131.0	131.4	140.2
Operating Segments \| Coach
Segment Reporting [Line Items]
Total Depreciation and amortization expense:	97.3	91.2	88.0
Operating Segments \| Kate Spade
Segment Reporting [Line Items]
Total Depreciation and amortization expense:	33.4	34.1	41.6
Operating Segments \| Stuart Weitzman
Segment Reporting [Line Items]
Total Depreciation and amortization expense:	0.3	6.1	10.6
Corporate
Segment Reporting [Line Items]
Total Depreciation and amortization expense:	41.2	36.0	$ 33.8
Corporate \| Stuart Weitzman
Segment Reporting [Line Items]
Asset impairment charges	0.9	2.1
Corporate \| Technology Costs \| Kate Spade
Segment Reporting [Line Items]
Asset impairment charges	5.6	1.8
Corporate \| Technology Costs \| Stuart Weitzman
Segment Reporting [Line Items]
Asset impairment charges	$ 9.1
Corporate \| Stuart Weitzman \| Stuart Weitzman
Segment Reporting [Line Items]
Asset impairment charges		$ 0.6

SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Jun. 27, 2026

Accounting Policies [Abstract]

SIGNIFICANT ACCOUNTING POLICIES

Cash and Cash Equivalents

Cash and cash equivalents consist of cash balances and highly liquid investments with a maturity of three months or less at the date of purchase.

Investments

Short-term investments consist primarily of high-credit quality U.S. and non-U.S. issued corporate debt securities and U.S. Treasuries and government agency securities with original maturities greater than three months and with maturities within one year of balance sheet date, classified as available-for-sale. Long-term investments typically consist of high-credit quality U.S. and non-U.S. issued corporate debt securities, U.S. Treasuries and government agency securities, classified as available-for-sale, and recorded at fair value, with unrealized gains and losses recorded in other comprehensive income. Dividend and interest income are recognized when earned.

Concentration of Credit Risk

Financial instruments that potentially expose the Company to concentration of credit risk consist primarily of Cash and cash equivalents, investments and accounts receivable. The Company places its cash investments with high-credit quality financial institutions and generally invests primarily in corporate debt securities, money market instruments, U.S. government and agency debt securities, commercial paper and bank deposits placed with major banks and financial institutions. Accounts receivable is generally diversified due to the number of entities comprising the Company's customer base and their dispersion across many geographical regions. The Company believes no significant concentration of credit risk exists with respect to these investments and accounts receivable.

Inventories

The Company holds inventory that is sold through retail, including e-commerce, and wholesale distribution channels. Substantially all of the Company's inventories are comprised of finished goods and are reported at the lower of cost or net realizable value. Inventory costs include material, conversion costs, freight and duties and are primarily determined on a weighted-average cost basis. The Company reserves for inventory, including slow-moving and aged inventory, based on current product demand, expected future demand and historical experience. A decrease in product demand due to changing customer tastes, buying patterns or increased competition could impact the Company's evaluation of its inventory and additional reserves might be required.

Held for Sale

Assets and liabilities to be disposed of by sale ("disposal groups") are reclassified into assets and liabilities held for sale on the Company's Consolidated Balance Sheets. This reclassification occurs when all the held for sale criteria have been met. Disposal groups are measured at the lower of carrying value or fair value less costs to sell. Assets held for sale are not depreciated or amortized. The Company assesses the recoverability of its disposal groups each reporting period it remains classified as held for sale and if its carrying value exceeds its fair value, less an estimated cost to sell, a loss on the remeasurement is recorded for the excess. Refer to Note 5, "Acquisitions and Divestitures," for further information.

Property and Equipment, Net

Property and equipment, net is stated at cost less accumulated depreciation including the impact of long-lived asset impairment and disposals. Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets. Buildings are depreciated over forty years and building improvements are depreciated over ten to forty years. Machinery and equipment are depreciated over lives of five to seven years, furniture and fixtures are depreciated over lives of three to ten years and software and computer equipment is generally depreciated over lives of three to seven years. Implementation costs eligible for capitalization related to cloud computing arrangements that are a service contract are recorded within Prepaid expenses and Other assets in the Consolidated Balance Sheets and amortized as Selling, general and administrative ("SG&A") expense in the Consolidated Statement of Operations over the term of the associated hosting arrangement. Leasehold improvements are amortized over the shorter of their estimated useful lives or the related lease terms. Maintenance and repair costs are charged to earnings as incurred while expenditures for major renewals and improvements are capitalized.

Valuation of Long-Lived Assets

Long-lived assets, such as Property and equipment and Operating lease right-of-use ("ROU") assets are evaluated for impairment whenever events or circumstances indicate that the carrying value of the assets may not be recoverable. In evaluating long-lived assets for recoverability, the Company uses its best estimate of future cash flows expected to result from the use of the related asset group and its eventual disposition. To the extent that estimated future undiscounted net cash flows attributable to the asset are less than its carrying value, an impairment loss is recognized equal to the difference between the carrying value of such asset and its fair value, considering external market participant assumptions. The Company recorded $7.8 million and $8.8 million of impairment charges within SG&A expense in the Consolidated Statement of Operations in fiscal 2026 and fiscal 2025, respectively.

In determining future cash flows, the Company takes various factors into account, including the effects of macroeconomic trends such as consumer spending, in-store capital investments, promotional cadence, the level of advertising and changes in merchandising strategy. Since the determination of future cash flows is an estimate of future performance, there may be future impairments in the event that future cash flows do not meet expectations.

Goodwill and Other Intangible Assets

Upon acquisition, the Company estimates and records the fair value of purchased intangible assets, which primarily consists of brands, customer relationships, right-of-use assets and order backlog. Goodwill and certain other intangible assets deemed to have indefinite useful lives, including brand intangible assets, are not amortized, but are assessed for impairment at least annually. Finite-lived intangible assets are amortized over their respective estimated useful lives and, along with other long-lived assets as noted above, are evaluated for impairment periodically whenever events or changes in circumstances indicate that their related carrying values may not be fully recoverable. Estimates of fair value for finite-lived and indefinite-lived intangible assets are primarily determined using discounted cash flows and the multi-period excess earnings method, respectively, with consideration of market comparisons when appropriate. This approach uses significant estimates and assumptions, including projected future cash flows, discount rates and growth rates.

The Company generally performs its annual goodwill and indefinite-lived intangible assets impairment analysis using a quantitative approach. The quantitative goodwill impairment test identifies the existence of potential impairment by comparing the fair value of each reporting unit with its carrying value, including goodwill. If the fair value of a reporting unit exceeds its carrying value, the reporting unit's goodwill is considered not to be impaired. If the carrying value of a reporting unit exceeds its fair value, an impairment charge is recognized in an amount equal to that excess. The impairment charge recognized is limited to the amount of goodwill allocated to that reporting unit.

Determination of the fair value of a reporting unit and intangible asset is based on management's assessment, considering independent third-party appraisals when necessary. Furthermore, this determination is judgmental in nature and often involves the use of significant estimates and assumptions, which may include projected future cash flows, discount rates, growth rates and determination of appropriate market comparables and recent transactions. These estimates and assumptions could have a significant impact on whether or not an impairment charge is recognized and the amount of any such charge.

The Company performs its annual impairment assessment of goodwill as well as brand intangibles during the fourth quarter of each fiscal year or if an event occurs that would more likely than not reduce the fair value below its carrying amount. The Company determined that there was no impairment in fiscal 2026. In fiscal 2025, the Company recorded a goodwill impairment charge of $244.1 million related to the Kate Spade reporting unit and an intangible impairment charge of $610.7 million related to the Kate Spade indefinite-lived brand intangible asset within Impairment of goodwill and intangible assets in the Consolidated Statement of Operations.

Supplier Finance Program

To improve our working capital efficiency, the Company makes available to certain suppliers a voluntary supply chain finance (“SCF”) program that enables our suppliers to sell their receivables from the Company to a global financial institution on a non-recourse basis at a rate that leverages our credit rating. The Company does not have the ability to refinance or modify payment terms to the global financial institution through the SCF program. No guarantees are provided by the Company or any of our subsidiaries under the SCF program. The Company’s payment obligations, including the amounts due and payment terms, which generally do not exceed 90 days, are not impacted by suppliers’ participation in the program. As of June 27, 2026 and June 28, 2025, $318.4 million and $272.8 million, respectively, was related to suppliers eligible to participate in the Company's SCF program. A rollforward of the outstanding obligations confirmed as valid under the SCF program, which are presented within Accounts payable on the Consolidated Balance Sheets, is presented below:


	June 27, 2026		June 28, 2025
	(millions)
Obligations outstanding, beginning of year	$	272.8	$	294.9
Invoices added during the year	1,412.9		1,455.2
Invoices settled during the year	(1,367.3)		(1,477.3)
Obligations outstanding, end of year	$	318.4	$	272.8

Operating Leases

The Company leases retail space, office space, warehouse facilities, fulfillment centers, storage space, machinery, equipment and certain other items under operating leases. These leases may also include rent escalation clauses or lease incentives in the form of construction allowances and rent reduction. In determining the lease term used in the lease right-of-use ("ROU") asset and lease liability calculations, the Company considers various factors such as market conditions and the terms of any renewal or termination options that may exist. When deemed reasonably certain, the renewal and termination options are included in the determination of the lease term and calculation of the lease ROU asset and lease liability. The Company is typically required to make fixed minimum rent payments, variable rent payments primarily based on performance (i.e., percentage-of-sales-based payments), or a combination thereof, directly related to its ROU asset. The Company is also often required, by the lease, to pay for certain other costs including real estate taxes, insurance, common area maintenance fees and/or certain other costs, which may be fixed or variable, depending upon the terms of the respective lease agreement. To the extent these payments are fixed, the Company has included them in calculating the lease ROU assets and lease liabilities.

The Company calculates lease ROU assets and lease liabilities as the present value of fixed lease payments over the reasonably certain lease term beginning at the commencement date. Per the guidance, the use of the implicit rate to determine the present value of lease payments is required. As the rate implicit in the Company's leases is not readily determinable, the Company uses its incremental borrowing rate based on the information available at the lease commencement date, including the Company's credit rating, credit spread and adjustments for the impact of collateral, lease tenors, economic environment and currency.

For operating leases, fixed lease payments are recognized as operating lease cost on a straight-line basis over the lease term. For finance leases and impaired operating leases, the ROU asset is depreciated on a straight-line basis over the remaining lease term, along with recognition of interest expense associated with accretion of the lease liability. For leases with a lease term of 12 months or less ("short-term lease"), any fixed lease payments are recognized on a straight-line basis over such term and are not recognized on the Consolidated Balance Sheets. Variable lease cost for both operating and finance leases, if any, is recognized as incurred.

Asset retirement obligations represent legal obligations associated with the retirement of a tangible long-lived asset. The Company’s asset retirement obligations are primarily associated with leasehold improvements in which the Company is contractually obligated to remove at the end of a lease to comply with the lease agreement. When such an obligation exists, the Company recognizes an asset retirement obligation at the inception of a lease at its estimated fair value. The asset retirement obligation is recorded in current liabilities or non-current liabilities (based on the expected timing of payment of the related costs) and is subsequently adjusted for any changes in estimates. The associated estimated asset retirement costs are capitalized as part of the carrying amount of the long-lived asset and depreciated over its useful life. As of the end of fiscal 2026 and fiscal 2025, the Company had asset retirement obligations of $65.0 million and $58.4 million, respectively, primarily classified within Other non-current liabilities in the Company's Consolidated Balance Sheets.

Revenue Recognition

Revenue is recognized when the Company satisfies its performance obligations by transferring control of promised products or services to its customers, which may be at a point in time or over time. Control is transferred when the customer obtains the ability to direct the use of and obtain substantially all of the remaining benefits from the products or services. The amount of revenue recognized is the amount of consideration to which the Company expects to be entitled, including estimation of sale terms that may create variability in the consideration. Revenue subject to variability is constrained to an amount which will not result in a significant reversal in future periods when the contingency that creates variability is resolved.

Retail store and concession shop-in-shop revenues are recognized at the point-of-sale, when the customer obtains physical possession of the products. Digital revenue from sales of products ordered through the Company’s e-commerce sites is recognized upon delivery and receipt of the shipment by its customers and includes shipping and handling charges paid by customers. Retail and digital revenues are recorded net of estimated returns, which are estimated by developing an expected value based on historical experience. Payment is due at the point of sale.

The Company recognizes revenue within the wholesale business at the time title passes and risk of loss is transferred to customers, which is generally at the point of shipment of products but may occur upon receipt of the shipment by the customer in certain cases. Wholesale revenue is recorded net of estimates for returns, discounts, end-of-season markdowns, cooperative advertising allowances and other consideration provided to the customer. The Company's historical estimates of these variable amounts have not differed materially from actual results.

guaranteed minimum royalty amount. Revenue for contractually guaranteed minimum royalty amounts is recognized ratably over the license year and any excess sales-based royalties are recognized as earned once the minimum royalty threshold is achieved.

Gift cards issued by the Company are recorded as a liability until they are redeemed, at which point revenue is recognized. The Company also uses historical information to estimate the amount of gift card balances that will never be redeemed and recognizes that amount as revenue over time in proportion to actual customer redemptions if the Company does not have a legal obligation to remit unredeemed gift cards to any jurisdiction as unclaimed property.

The Company accounts for sales taxes and other related taxes on a net basis, excluding such taxes from revenue.

Refer to Note 4, "Revenue," for additional information.

Cost of Sales

Cost of sales consists of inventory costs and other related costs such as reserves for inventory realizability and shrinkage, damages and replacements.

Other Selling, General and Administrative ("SG&A") Expenses

Selling expenses include store employee compensation, occupancy costs, depreciation, supply costs, wholesale and retail account administration compensation globally. These expenses are affected by the number of stores open during any fiscal period and store performance, as compensation and rent expenses can vary with sales. Advertising, marketing and design expenses include employee compensation, media space and production, advertising agency fees, new product design costs, public relations and market research expenses. Distribution and customer service expenses include warehousing, order fulfillment, shipping and handling, customer service, employee compensation and bag repair costs. SG&A expenses also include compensation costs for corporate functions, including the executive, finance, human resources, legal and information systems departments, as well as corporate headquarters occupancy costs, consulting fees, loss on remeasurement of the business held for sale and software expenses.

Shipping and Handling

Shipping and handling costs for delivery of products to consumers were $209.6 million, $222.0 million and $221.1 million in fiscal 2026, fiscal 2025 and fiscal 2024, respectively, and are included in SG&A expenses. The Company includes inbound product-related transportation costs from manufacturers within Cost of sales. The balance of the Company's transportation-related costs related to its distribution network is included in SG&A expenses rather than in Cost of sales.

Advertising

Advertising costs include expenses related to direct marketing activities, such as digital and other media and production costs. In fiscal 2026, fiscal 2025 and fiscal 2024, advertising expenses for the Company totaled $962.5 million, $744.5 million and $616.8 million, respectively, and are included in SG&A expenses. Advertising costs are generally expensed when the advertising first appears.

Share-Based Compensation

The Company recognizes the cost of equity awards to employees and the non-employee Directors based on the grant-date fair value of those awards. The grant-date fair values of share unit awards are based on the fair value of the Company's common stock on the date of grant. The grant-date fair value of stock option awards is determined using the Black-Scholes option pricing model and involves several assumptions, including the expected term of the option, expected volatility and dividend yield. The expected term of options represents the period of time that the options granted are expected to be outstanding and is based on historical experience. Expected volatility is based on historical volatility of the Company’s stock as well as the implied volatility from publicly traded options on the Company's stock. Dividend yield is based on the current expected annual dividend per share and the Company’s stock price. Changes in the assumptions used to determine the Black-Scholes value could result in significant changes in the Black-Scholes value.

The Company recognizes share-based compensation net of estimated forfeitures and revises the estimates in subsequent periods if actual forfeitures differ from the estimates. The Company estimates the forfeiture rate based on historical experience as well as expected future behavior.

The Company grants performance-based share awards to key executives, the vesting of which is subject to the executive’s continuing employment and the Company's or individual's achievement of certain performance goals. On a quarterly basis, the Company assesses actual performance versus the predetermined performance goals and adjusts the share-based compensation expense to reflect the relative performance achievement. Actual distributed shares are calculated upon conclusion of the service and performance periods and include dividend equivalent shares. If the performance-based award incorporates a market condition, the grant-date fair value of such award is determined using a pricing model, such as a Monte Carlo Simulation.

Income Taxes

The Company’s effective tax rate is based on pre-tax income, statutory tax rates, tax laws and regulations and tax planning strategies available in the various jurisdictions in which the Company operates. The Company classifies interest and penalties on uncertain tax positions in the Provision for income taxes. The Company records net deferred tax assets to the extent it believes that it is more likely than not that these assets will be realized. In making such determination, the Company considers all available evidence, including scheduled reversals of deferred tax liabilities, projected future taxable income, tax planning strategies and recent and expected future results of operation. The Company reduces deferred tax assets by a valuation allowance if, based upon the weight of available evidence, it is more likely than not that some amount of deferred tax assets is not expected to be realized. The Company is not permanently reinvested with respect to earnings of a limited number of foreign entities and has recorded the tax consequences of remitting earnings from these entities. The Company is permanently reinvested with respect to all other earnings.

The Company recognizes the impact of tax positions in the financial statements if those positions will more likely than not be sustained on audit, based on the technical merits of the position. Although the Company believes that the estimates and assumptions used are reasonable and legally supportable, the final determination of tax audits could be different than that which is reflected in historical tax provisions and recorded assets and liabilities. Tax authorities periodically audit the Company’s income tax returns; these tax authorities may take a contrary position that could result in a significant impact on the Company's results of operations. Significant management judgment is required in determining the effective tax rate, in evaluating tax positions and in determining the net realizable value of deferred tax assets.

Refer to Note 15, "Income Taxes," herein for further discussion on the Company's income taxes.

Derivative Instruments

The Company is exposed to foreign currency exchange risk related to its sale of inventory, cross-currency intercompany loans and payables, and the remeasurement and translation of foreign operations. The Company is also exposed to interest rate risk related to changes in the fair value of the Company's fixed-rate debt. The Company uses derivative financial instruments to manage these risks. These derivative transactions are in accordance with the Company’s risk management policies. Each derivative instrument entered into by the Company that qualifies for hedge accounting is expected to be highly effective at reducing the risk associated with the exposure being hedged. The Company does not enter into derivative transactions for speculative or trading purposes.

The Company records all derivative contracts at fair value on the Consolidated Balance Sheets on a gross basis. As a result of the use of derivative instruments, the Company may be exposed to the risk that the counterparties to such contracts will fail to meet their contractual obligations. To mitigate this counterparty credit risk, the Company has a policy of only entering into contracts with carefully selected financial institutions based upon an evaluation of their credit ratings, among other factors.

The fair values of the Company’s derivative instruments are based on the forward curves of the specific indices upon which settlement is based and include an adjustment for the counterparty's or Company’s credit risk. Judgment is required of management in developing estimates of fair value. The use of different market assumptions or methodologies could affect the estimated fair value.

Cash Flow Hedges

The Company enters into forward foreign currency exchange contracts primarily to reduce its risks related to exchange rate fluctuations on foreign currency denominated inventory transactions. This primarily includes exposure to exchange rate fluctuations in Chinese Renminbi, Japanese Yen, Canadian Dollar and Euro. The derivative instrument gains (losses) are initially deferred in accumulated other comprehensive income ("AOCI") and subsequently recognized in the Consolidated Statements of Operations within Cost of sales, when the related inventory is sold to a third-party.

If it is determined that a derivative instrument has not been highly effective or will continue not to be highly effective in hedging the designated exposure, hedge accounting is discontinued and further gains (losses) are recognized in earnings. Upon discontinuance of hedge accounting, amounts previously recorded in AOCI are recognized in earnings when the related hedged

item affects earnings, unless it is probable that the forecasted transaction will not occur, in which case the accumulated amount is immediately recognized in earnings.

For cash flow reporting purposes, the Company classifies proceeds received or amounts paid upon the settlement of the cash flow hedging instruments in the same manner as the related item being hedged, primarily within cash from operating activities.

Net Investment Hedges

The Company enters into cross-currency swaps and forward foreign currency exchange contracts to reduce its risks related to exchange rate fluctuations on net investments in foreign subsidiaries, including our Euro, Japanese Yen and Chinese Renminbi denominated subsidiaries, against future volatility in the exchange rates between the United States dollar and their local currencies. The related gains (losses) are deferred within cumulative translation adjustment (“CTA”) in AOCI until the net investment is sold or liquidated, and current maturity dates range from September 2029 to November 2038.

The Company assesses net investment hedges under the spot method, resulting in cross-currency basis spread on swaps and the spot to forward rate difference on forward exchanges being excluded from the assessment of hedge effectiveness. The portion of change in fair value attributable to excluded components is recorded in AOCI and amortized to earnings within Interest expense, net.

Upon termination of derivative instruments that are designated as a net investment hedge, the changes in the fair value of the instruments recognized as a component within AOCI remain in CTA until the net investment is sold or liquidated. If it is determined that a derivative instrument has not been highly effective or will continue not to be highly effective in hedging the designated exposure, hedge accounting is discontinued and further gains (losses) are recognized in earnings.

For cash flow reporting purposes, proceeds received or amounts paid upon the settlement of a net investment hedge are included within cash from investing activities, unless the derivative instrument includes an other-than-insignificant financing element, for which these cash flows are primarily classified within cash from financing activities.

Fair Value Hedges

The Company enters into cross-currency swaps to reduce its risks related to foreign exchange rate fluctuations associated with certain cross-currency intercompany loans. Changes in the fair value of the cross-currency swaps designated as fair value hedges are recognized within Other expense (income) on the Company's Consolidated Statement of Operations, which generally offset the adjustment to the carrying amount of the hedged item. The portion of the change in the fair value of designated cross-currency swap contracts attributable to the excluded component is recorded in AOCI and amortized to earnings within Other expense (income). If it is determined that a derivative instrument has not been highly effective or will continue not to be highly effective in hedging the designated exposure, any amounts associated with excluded components in AOCI would be reclassified into earnings immediately.

The Company also enters into interest rate contracts to reduce exposure to changes in the fair value of certain fixed‑rate debt resulting from fluctuations in benchmark interest rates. The gains and losses on the interest rate contracts designated as fair value hedges are recognized in the Consolidated Statements of Operations as Interest expense, net and are generally offset by corresponding changes in the fair value of the hedged liabilities. If it is determined that a derivative instrument has not been highly effective or will continue not to be highly effective in hedging the designated exposure, the hedged asset or liability is no longer adjusted for changes in fair value and any basis adjustment is amortized to earnings over the remaining term of the hedged item, unless the hedged item is derecognized, in which case the basis adjustment is recognized in earnings immediately. Additionally, any amounts associated with excluded components in AOCI are reclassified into earnings in the same manner.

For cash flow reporting purposes, the Company classifies proceeds received or amounts paid upon the settlement of a derivative instrument in the same manner as the related item being hedged, primarily within cash from operating activities.

Undesignated Hedges

The Company also enters into forward foreign currency exchange contracts, which are not designated as hedges, to reduce its risks related to exchange rate fluctuations associated with certain cross-currency intercompany loans and payables. The changes in the fair value of these instruments are recorded through earnings within Other expense (income) on the Company's Consolidated Statement of Operations, which offset the revaluation of the hedged underlying assets and liabilities.

Foreign Currency

The functional currency of the Company's foreign operations is generally the applicable local currency. Assets and liabilities are translated into U.S. dollars using the current exchange rates in effect at the balance sheet date, while revenues and expenses are translated at the weighted-average exchange rates for the period. The resulting translation adjustments are included in the Consolidated Statements of Comprehensive Income as a component of Other comprehensive income (loss) (“OCI”) and in the Consolidated Statements of Stockholders’ Equity within AOCI.

The Company recognizes gains and losses on transactions that are denominated in a currency other than the respective entity's functional currency in earnings. Foreign currency transaction gains and losses also include amounts realized on the settlement of certain intercompany loans with foreign subsidiaries.

Changes in Laws and Regulations

During the second half of fiscal 2025, the U.S. Government announced tariffs on imports from select countries. The majority of the Company's products sold in the U.S. are imported from countries in which these tariffs were announced. Additionally, during the first quarter of fiscal 2026, the President of the United States issued an executive order removing the de minimis exemption for low value shipments imported into the U.S. for all countries beginning August 29, 2025.

On February 20, 2026, the U.S. Supreme Court ruled that tariffs collected under the International Emergency Economic Powers Act ("IEEPA") were invalid. The U.S. Court of International Trade subsequently ordered refunds for qualifying customs entries, including applicable interest. U.S. Customs and Border Protection established a phased administrative process for submitting refund claims for certain IEEPA tariffs. During the fourth quarter of fiscal 2026, the Company received cash refunds related to the previously paid IEEPA tariffs of $2.1 million, of which $2.0 million was recognized as a reduction to Cost of sales and $0.1 million as a reduction to Selling, general and administrative expenses. In addition, as of June 27, 2026, the Company applied the loss recovery model and determined that the receipt of the remaining refunds of the previously paid IEEPA tariffs was probable. The Company estimates the amount of the probable refund to be $114.7 million, of which $96.2 million was recognized as a reduction to Cost of sales, $9.5 million was recorded as Accrued liabilities and $9.0 million was applied as a reduction to tariffs that remained in Inventory. The tariff refund receivable was recorded within Other current assets on the Consolidated Balance Sheets as of June 27, 2026.

Recently Adopted Accounting Pronouncements

In December 2023, the FASB issued ASU No. 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures", which includes amendments that further enhance income tax disclosures, primarily through standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. The amendments are effective for the Company's annual periods beginning in fiscal year 2026, with early adoption permitted, and should be applied either prospectively or retrospectively. The Company adopted ASU 2023-09 for fiscal year 2026 and applied its provisions on a prospective basis. Other than the enhanced disclosure requirements, ASU 2023-09 did not have an impact on the Company's consolidated financial statements. Refer to Note 15, "Income Taxes", for additional information.

Recently Issued Accounting Pronouncements

In November 2025, the FASB issued ASU No. 2025-09, "Derivatives and Hedging (Topic 815): Hedge Accounting Improvements," which includes amendments intended to more closely align hedge accounting with the economics of an entity's risk management activities. The amendments will be effective for the Company's annual reporting periods beginning in fiscal year 2028 and for interim periods within fiscal year 2028. Early adoption is permitted and the amendments should be applied prospectively. The Company is currently evaluating the ASU to determine its impact on its consolidated financial statements and notes thereto.

In September 2025, the FASB issued ASU No. 2025-06, "Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software", which modernizes the accounting for the costs of software developed for internal use and clarifies related disclosure requirements. The amendments remove all references to software development stages, requiring companies to start capitalizing software costs when (i) management has authorized and committed to funding the software project and (ii) it is probable that the project will be completed and the software will be used to perform the function intended. The amendments will be effective for the Company's annual reporting periods beginning in fiscal year 2029 and for interim periods within fiscal year 2029. Early adoption is permitted. The amendments may be applied either prospectively or retrospectively. The Company is currently evaluating the ASU to determine its impact on its consolidated financial statements and notes thereto.

In November 2024, the FASB issued ASU No. 2024-03, "Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses", which is intended to improve

the disclosures about expenses and address requests from investors for more detailed information about the types of costs and expenses included in certain expense captions presented on the income statement. The amendments will be effective for the Company's annual reporting periods beginning in fiscal year 2028 and for interim periods beginning in fiscal year 2029, with early adoption permitted. The amendments may be applied retrospectively to all prior periods presented in the financial statements or prospectively upon adoption. The Company is currently evaluating the ASU to determine its impact on the Company's disclosures.

LEASES - Schedule of Cash Flow (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 423.2	$ 414.8
Operating cash flows from finance leases	0.0	0.1
Financing cash flows from finance leases	0.0	1.2
Non-cash transactions:
Right-of-use assets obtained in exchange for operating lease liabilities	$ 413.8	$ 327.7

GOODWILL AND OTHER INTANGIBLE ASSETS - Schedule of Expected Amortization Expense for Intangible Assets (Details) - USD ($) $ in Millions	Jun. 27, 2026	Jun. 28, 2025
Expected Amortization Expense for Intangible Assets
Fiscal 2027	$ 3.0
Fiscal 2028	3.0
Fiscal 2029	3.0
Fiscal 2030	3.0
Fiscal 2031	3.0
Fiscal 2032	2.4
Total	$ 17.4	$ 20.5

INCOME TAXES - Schedule of Effective Income Tax Rate Reconciliation Prospective Adoption of ASU 2023-09 (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
Amount
Tax expense at U.S. statutory rate	$ 390.7	$ 45.3	$ 212.5
State taxes, net of federal benefit	33.4	5.5	18.1
Effect of Cross-Border Tax Laws
GILTI	84.2
U.S. tax on branch income or loss	36.7
Other	(2.2)
Tax credits
Foreign tax credits	(111.3)
Other	(2.0)
Non-taxable or non-deductible items
Share-based compensation	(22.0)
Other	1.5
Effect of rates different than U.S. statutory rate		19.8	20.5
Other adjustments	(11.4)	14.3	7.1
Changes in unrecognized tax benefits	12.1
Taxes at effective worldwide rates	$ 332.9	$ 32.9	$ 195.9
Percentage
Tax expense at U.S. statutory rate	21.00%	21.00%	21.00%
State taxes, net of federal benefit	1.80%	2.50%	1.80%
Effect of Cross-Border Tax Laws
GILTI	4.50%
U.S. tax on branch income or loss	2.00%
Other	(0.10%)
Tax credits
Foreign tax credits	(6.00%)
Other	(0.10%)
Non-taxable or non-deductible items
Share-based compensation	(1.20%)
Other	0.10%
Effect of rates different than U.S. statutory rate		9.20%	2.00%
Other adjustments	(0.60%)	6.60%	0.80%
Changes in unrecognized tax benefits	0.60%
Taxes at effective worldwide rates	17.90%	15.20%	19.40%
Singapore
Non-taxable or non-deductible items
Effect of rates different than U.S. statutory rate	$ (124.6)
Qualified Domestic Minimum Top-up Tax ("QDMTT")	42.4
Other adjustments	$ 7.3
Non-taxable or non-deductible items
Effect of rates different than U.S. statutory rate	(6.70%)
Qualified Domestic Minimum Top-up Tax ("QDMTT")	2.30%
Other adjustments	0.40%
Other Foreign Jurisdictions
Non-taxable or non-deductible items
Effect of rates different than U.S. statutory rate	$ (1.9)
Non-taxable or non-deductible items
Effect of rates different than U.S. statutory rate	(0.10%)

ACQUISITIONS AND DIVESTITURES - Capri Holdings Limited Acquisition (Details)		12 Months Ended
	Nov. 25, 2024	Jun. 27, 2026 USD ($)	Jun. 28, 2025 USD ($)	Nov. 14, 2024 USD ($)	Nov. 27, 2023 USD ($)	Nov. 27, 2023 EUR (€)
Capri Acquisition USD Senior Notes \| Senior Notes
Business Combination [Line Items]
Issuance of debt					$ 4,500,000,000
Capri Acquisition EUR Senior Notes \| Senior Notes
Business Combination [Line Items]
Issuance of debt \| €						€ 1,500,000,000
Capri Acquisition Term Loan Facilities \| Line of Credit \| Unsecured Debt
Business Combination [Line Items]
Maximum borrowing capacity					$ 1,400,000,000
Capri Acquisition Senior Notes \| Senior Notes
Business Combination [Line Items]
Redemption price, percentage	101.00%
Capri Holdings Limited
Business Combination [Line Items]
Termination costs				$ 45,100,000
Acquisition-related expenses		$ 0	$ 268,400,000

LEASES - Schedule of Sublease Income (Details) $ in Millions	Jun. 27, 2026 USD ($)
Leases [Abstract]
Fiscal 2027	$ 14.8
Fiscal 2028	14.8
Fiscal 2029	15.3
Fiscal 2030	16.0
Fiscal 2031	16.0
Fiscal 2032 and thereafter	80.2
Total sublease income	$ 157.1

SHARE-BASED COMPENSATION - Schedule of Total Compensation Cost and Related Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 107.4	$ 91.4	$ 85.9
Income tax benefit related to share-based compensation expense	22.9	18.7	$ 17.5
Workforce Optimization
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	0.4	2.7
Organizational Efficiency Costs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 2.5	$ 1.4

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

SHARE-BASED COMPENSATION - Narrative (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price of stock option as percentage of market price of stock to date of grant	100.00%
Expected term (years)	5 years	4 years 10 months 24 days	5 years
Stock option vesting period	4 years
Weighted-average grant-date fair value of options granted (USD per share)	$ 36.74	$ 12.11	$ 10.35
Total intrinsic value of options exercised	$ 153.5	$ 106.9	$ 11.1
Total cash received from option exercises	51.7	121.3	23.0
Tax benefit from option exercises	17.3	$ 18.4	$ 2.0
Total unrecognized compensation cost related to non-vested awards	$ 15.4
Total unrecognized compensation cost related to non-vested awards, recognized over a weighted-average period	1 year 3 months 18 days
Stock Options \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (years)	10 years
Stock option vesting period	4 years
Stock Options \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option vesting period	1 year
Service-based Restricted Stock Unit Awards (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost related to non-vested awards	$ 105.1
Total unrecognized compensation cost related to non-vested awards, recognized over a weighted-average period	1 year 3 months 18 days
Granted (USD per share)	$ 102.89	$ 42.39	$ 34.19
Total fair value of shares vested	$ 183.4	$ 92.6	$ 95.3
Performance-based Restricted Stock Unit Awards (PRSU)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost related to non-vested awards	$ 31.6
Total unrecognized compensation cost related to non-vested awards, recognized over a weighted-average period	1 year
Granted (USD per share)	$ 112.38	$ 47.73	$ 33.99
Total fair value of shares vested	$ 46.1	$ 13.4	$ 0.0
Performance-based Restricted Stock Unit Awards (PRSU) \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option vesting period	3 years
Performance-based Restricted Stock Unit Awards (PRSU) \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option vesting period	2 years
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Tax benefit from option exercises	$ 35.1	$ 16.7	$ 15.3
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (years)	6 months	6 months	6 months
Granted (USD per share)	$ 24.15	$ 13.48	$ 8.45
Employee stock purchase plan, percentage of market value	85.00%
New common shares sold to employees under the employee stock purchase plan (shares)	0.1	0.1	0.2

Audit Information	12 Months Ended
Audit Information	Jun. 27, 2026
Auditor Information [Abstract]
Auditor Firm ID	34
Auditor Name	Deloitte & Touche LLP
Auditor Location	New York, New York

SHARE-BASED COMPENSATION - Schedule of Service-Based Restricted Stock Unit Activity (Details) - Service-based Restricted Stock Unit Awards (RSUs) - $ / shares shares in Millions	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
Number of Non-vested RSUs
Beginning balance (shares)	4.5
Granted (shares)	0.9
Vested (shares)	(1.8)
Forfeited (shares)	(0.3)
Ending balance (shares)	3.3	4.5
Weighted- Average Grant- Date Fair Value per RSU
Beginning balance (USD per share)	$ 37.62
Granted (USD per share)	102.89	$ 42.39	$ 34.19
Vested (USD per share)	37.59
Forfeited (USD per share)	44.75
Ending balance (USD per share)	$ 54.32	$ 37.62

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Schedule of Derivative Instruments (Details) - USD ($) $ in Millions	Jun. 27, 2026	Jun. 28, 2025
Derivatives, Fair Value [Line Items]
Derivative, Notional Value	$ 3,285.5	$ 2,582.0
Derivative Assets	103.7	22.4
Derivative Liabilities	$ 235.5	$ 271.0
Derivative Assets [Extensible Enumeration]	Other current assets, Other assets	Other current assets, Other assets
Derivative Liabilities [Extensible Enumeration]	Accrued liabilities, Other liabilities	Accrued liabilities, Other liabilities
Foreign exchange contract \| Cash flow hedging \| Designated Derivative Hedging Instruments
Derivatives, Fair Value [Line Items]
Derivative, Notional Value	$ 868.8	$ 735.0
Derivative Assets	31.1	6.5
Derivative Liabilities	8.9	7.9
Foreign exchange contract \| Net investment hedging \| Designated Derivative Hedging Instruments
Derivatives, Fair Value [Line Items]
Derivative, Notional Value	1,819.6	1,690.0
Derivative Assets	71.1	15.6
Derivative Liabilities	221.1	263.0
Foreign exchange contract \| Net investment hedging \| Designated Derivative Hedging Instruments \| Balance Sheet Location [Axis]: us-gaap:AccruedLiabilitiesCurrent
Derivatives, Fair Value [Line Items]
Derivative Liabilities	2.1	6.9
Foreign exchange contract \| Net investment hedging \| Designated Derivative Hedging Instruments \| Balance Sheet Location [Axis]: us-gaap:OtherAssetsCurrent
Derivatives, Fair Value [Line Items]
Derivative Assets	7.1	15.6
Foreign exchange contract \| Net investment hedging \| Designated Derivative Hedging Instruments \| Balance Sheet Location [Axis]: us-gaap:OtherAssetsNoncurrent
Derivatives, Fair Value [Line Items]
Derivative Assets	64.0	0.0
Foreign exchange contract \| Net investment hedging \| Designated Derivative Hedging Instruments \| Balance Sheet Location [Axis]: us-gaap:OtherLiabilitiesNoncurrent
Derivatives, Fair Value [Line Items]
Derivative Liabilities	219.0	256.1
Foreign exchange contract \| Fair value hedging \| Designated Derivative Hedging Instruments
Derivatives, Fair Value [Line Items]
Derivative, Notional Value	103.8	0.0
Derivative Assets	0.0	0.0
Derivative Liabilities	2.4	0.0
Foreign exchange contract \| Fair value hedging \| Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative, Notional Value	118.3	157.0
Derivative Assets	0.1	0.3
Derivative Liabilities	0.0	0.1
Interest rates \| Fair value hedging \| Designated Derivative Hedging Instruments
Derivatives, Fair Value [Line Items]
Derivative, Notional Value	375.0	0.0
Derivative Assets	1.4	0.0
Derivative Liabilities	$ 3.1	$ 0.0

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Jun. 27, 2026	Jun. 28, 2025
Statement of Financial Position [Abstract]
Trade accounts receivable, allowances for credit losses	$ 6.1	$ 5.7
Property and equipment, accumulated depreciation	$ 1,264.2	$ 1,215.0
Preferred stock, authorized (shares)	25,000,000.0	25,000,000.0
Preferred stock, par value (USD per share)	$ 0.01	$ 0.01
Preferred stock, issued (shares)	0	0
Common stock, authorized (shares)	1,000,000,000.00	1,000,000,000.00
Common stock, par value (USD per share)	$ 0.01	$ 0.01
Common stock, issued (shares)	200,400,000	208,100,000
Common stock, outstanding (shares)	200,400,000	208,100,000

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

12 Months Ended

Jun. 27, 2026

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The components of Accumulated other comprehensive income (loss), as of the dates indicated, are as follows:


	Unrealized Gains (Losses) on Cash Flow Hedging Derivatives(1)		Unrealized Gains (Losses) on Available-for-Sale Investments		Cumulative Translation Adjustment(2)		Other(3)		Total
	(millions)
Balances at June 29, 2024	$	57.1	$	(0.2)	$	(202.8)	$	—	$	(145.9)
Other comprehensive income (loss) before reclassifications	(17.6)		2.8		(41.5)		—		(56.3)
Less: amounts reclassified from accumulated other comprehensive income to earnings	39.6		2.6		16.8		—		59.0
Net current-period other comprehensive income (loss)	(57.2)		0.2		(58.3)		—		(115.3)
Balances at June 28, 2025	$	(0.1)	$	—	$	(261.1)	$	—	$	(261.2)
Other comprehensive income (loss) before reclassifications	37.8		—		39.9		(0.1)		77.6
Less: amounts reclassified from accumulated other comprehensive income to earnings	20.0		—		15.0		—		35.0
Net current-period other comprehensive income (loss)	17.8		—		24.9		(0.1)		42.6
Balances at June 27, 2026	$	17.7	$	—	$	(236.2)	$	(0.1)	$	(218.6)

DEBT - Schedule of Debt (Details) - USD ($) $ in Millions	Jun. 27, 2026	Jun. 28, 2025	Dec. 11, 2024	Dec. 31, 2021
Current Debt:
Total Current Debt	$ 0.0	$ 16.7
Long-Term Debt:
Total long-term debt	2,396.6	2,396.6
Less: Unamortized discount and debt issuance costs on senior notes	(15.9)	(18.7)
Less: Fair value basis adjustment	(1.7)	0.0
Total long-term debt, net	2,379.0	2,377.9
China Credit Facility \| Line of Credit
Current Debt:
Total Current Debt	$ 0.0	16.7
4.125% Senior Notes due 2027 \| Senior Notes
Long-Term Debt:
Interest rate, stated percentage	4.125%
Total long-term debt	$ 396.6	396.6
5.100% Senior Notes due 2030 \| Senior Notes
Long-Term Debt:
Interest rate, stated percentage	5.10%		5.10%
Total long-term debt	$ 750.0	750.0
3.050% Senior Notes due 2032 \| Senior Notes
Long-Term Debt:
Interest rate, stated percentage	3.05%			3.05%
Total long-term debt	$ 500.0	500.0
5.500% Senior Notes due 2035 \| Senior Notes
Long-Term Debt:
Interest rate, stated percentage	5.50%		5.50%
Total long-term debt	$ 750.0	$ 750.0

GOODWILL AND OTHER INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Jun. 28, 2025	Jun. 27, 2026	Jun. 28, 2025
Intangible Asset, Finite-Lived [Line Items]
Impairment charges			$ 244.1
Amortization of intangible assets		$ 3.1	5.2
Customer Relationships
Intangible Asset, Finite-Lived [Line Items]
Finite-lived intangible asset, useful life (in years)		6 years
Kate Spade
Intangible Asset, Finite-Lived [Line Items]
Impairment charges	$ 244.1	$ 0.0	244.1
Impairment of intangible assets, indefinite-lived	$ 610.7	$ 610.7	$ 610.7

- Definition

Amount of amortization expense for finite-lived intangible asset. Excludes goodwill and capitalized cost for software to be sold, leased, or marketed.

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+ Details

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+ References + Details

REVENUE

12 Months Ended

Jun. 27, 2026

Revenue from Contract with Customer [Abstract]

REVENUE

The Company recognizes revenue primarily from sales of the products of its brands through our DTC business, which includes our retail stores and e-commerce sites, along with our wholesale business. The Company also generates revenue from royalties related to licensing its trademarks, as well as sales in ancillary business channels. In all cases, revenue is recognized upon the transfer of control of the promised products or services to the customer, which may be at a point in time or over time. Control is transferred when the customer obtains the ability to direct the use of and obtain substantially all of the remaining benefits from the products or services. The amount of revenue recognized is the amount of consideration to which the Company expects to be entitled, including estimation of sale terms that may create variability in the consideration. Revenue subject to variability is constrained to an amount which will not result in a significant reversal in future periods when the contingency that creates variability is resolved.

The Company has elected a practical expedient not to disclose the remaining performance obligations that are unsatisfied as of the end of the period related to contracts with an original duration of one year or less or variable consideration related to sales-based royalty arrangements. There are no other contracts with transaction price allocated to remaining performance obligations other than future minimum royalties as discussed above, which are not material.

Other practical expedients elected by the Company include (i) assuming no significant financing component exists for any contract with a duration of one year or less, (ii) accounting for shipping and handling as a fulfillment activity within SG&A expense regardless of the timing of the shipment in relation to the transfer of control and (iii) excluding sales and value-added taxes from the transaction price.

Direct-to-Consumer

The Company recognizes revenue in its retail stores, including concession shop-in-shops, at the point-of-sale when the customer obtains physical possession of the products. Digital revenue from sales of products ordered through the Company's e-commerce sites is recognized upon delivery and receipt of the shipment by its customers and includes shipping and handling charges paid by customers. Retail and digital revenues are recorded net of estimated returns, which are estimated by developing an expected value based on historical experience. Payment is due at the point of sale.

Gift cards issued by the Company are recorded as a liability until redeemed by the customer, at which point revenue is recognized. The Company also uses historical information to estimate the amount of gift card balances that will never be redeemed and recognizes that amount as revenue over time in proportion to actual customer redemptions if the Company does not have a legal obligation to remit unredeemed gift cards to any jurisdiction as unclaimed property.

Wholesale

The Company recognizes revenue within the wholesale channel at the time title passes and risk of loss is transferred to customers, which is generally at the point of shipment of products but may occur upon receipt of the shipment by the customer in certain cases. Payment is generally due 30 to 90 days after shipment. Wholesale revenue is recorded net of estimates for returns, discounts, end-of-season markdowns, cooperative advertising allowances and other consideration provided to the customer. Discounts are based on contract terms with the customer, while cooperative advertising allowances and other consideration may be based on contract terms or negotiated on a case-by-case basis. Returns and markdowns generally require approval from the Company and are estimated based on historical trends, current season results and inventory positions at the wholesale locations, current market and economic conditions as well as, in select cases, contractual terms. The Company's historical estimates of these variable amounts have not differed materially from actual results.

Licensing

The Company recognizes licensing revenue over time during the contract period in which licensees are granted access to the Company's trademarks. These arrangements require licensees to pay a sales-based royalty and may include a contractually guaranteed minimum royalty amount. Revenue for contractually guaranteed minimum royalty amounts is recognized ratably over the license year and any excess sales-based royalties are recognized as earned once the minimum royalty threshold is achieved. Payments from the customer are generally due quarterly in an amount based on the licensee's sales of goods bearing the licensed trademarks during the period, which may differ from the amount of revenue recorded during the period thereby

generating a contract asset or liability. Contract assets and liabilities and contract costs related to the licensing arrangements are immaterial as the licensing business represents approximately 1% of total net sales in the fiscal year ended June 27, 2026.

Disaggregated Net Sales

The following table disaggregates the Company's net sales into geographies that depict how economic factors may impact the revenues and cash flows for the periods presented. Each geography presented includes net sales related to the Company's directly operated business channels, global travel retail business and to wholesale customers, including distributors, in locations within the specified geographic area.


	North America		Greater China(1)		Other Asia(2)		Other(3)		Total
	(millions)
Fiscal 2026
Coach	$	4,205.4	$	1,359.7	$	790.0	$	559.6	$	6,914.7
Kate Spade	828.7		36.9		117.3		92.0		1,074.9
Stuart Weitzman	9.4		2.1		—		3.1		14.6
Total	$	5,043.5	$	1,398.7	$	907.3	$	654.7	$	8,004.2
Fiscal 2025
Coach	$	3,429.6	$	970.2	$	769.6	$	429.1	$	5,598.5
Kate Spade	933.3		43.7		125.1		95.0		1,197.1
Stuart Weitzman	153.6		45.8		0.4		15.3		215.1
Total	$	4,516.5	$	1,059.7	$	895.1	$	539.4	$	7,010.7
Fiscal 2024
Coach	$	3,078.7	$	902.1	$	771.4	$	343.1	$	5,095.3
Kate Spade	1,074.4		45.3		130.1		84.6		1,334.4
Stuart Weitzman	160.9		65.2		1.4		14.0		241.5
Total	$	4,314.0	$	1,012.6	$	902.9	$	441.7	$	6,671.2

(1) Greater China includes mainland China, Taiwan, Hong Kong SAR, and Macao SAR.

(2) Other Asia includes Japan, Australia, Malaysia, South Korea, Singapore, and other countries primarily within Asia.

(3) Other sales primarily represents sales in Europe and the Middle East as well as royalties earned from the Company's licensing partners.

Deferred Revenue

Deferred revenue results from cash payments received or receivable from customers prior to the transfer of the promised goods or services and is primarily related to unredeemed gift cards, net of breakage, which have been recognized. Additional deferred revenue may result from sales-based royalty payments received or receivable which exceed the revenue recognized during the contractual period. The balance of such amounts as of June 27, 2026 and June 28, 2025 was $35.1 million and $38.0 million, respectively, which were primarily recorded within Accrued liabilities on the Company's Consolidated Balance Sheets and are generally expected to be recognized as revenue within a year. For the fiscal year ended June 27, 2026, net sales of $10.9 million were recognized from amounts recorded as deferred revenue as of June 28, 2025. For the fiscal year ended June 28, 2025, net sales of $24.2 million were recognized from amounts recorded as deferred revenue as of June 29, 2024.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

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+ Details

SEGMENT INFORMATION - Schedule of Segment Operating Profit (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
Segment Reporting [Line Items]
Net sales	$ 8,004.2	$ 7,010.7	$ 6,671.2
Cost of sales	1,775.2	1,721.8	1,781.7
Selling, general and administrative expenses	4,314.6	4,019.1	3,749.4
Total segment operating profit (loss):	1,914.4	415.0	1,140.1
Income (loss) before provision for income taxes	1,860.6	216.1	1,011.9
Coach
Segment Reporting [Line Items]
Net sales	6,914.7	5,598.5	5,095.3
Kate Spade
Segment Reporting [Line Items]
Net sales	1,074.9	1,197.1	1,334.4
Stuart Weitzman
Segment Reporting [Line Items]
Net sales	14.6	215.1	241.5
Operating Segments
Segment Reporting [Line Items]
Net sales	8,004.2	7,010.7	6,671.2
Cost of sales	1,775.2	1,721.8	1,781.7
Selling, general and administrative expenses	3,698.8	4,198.2	3,127.0
Total segment operating profit (loss):	2,530.2	1,090.7	1,762.5
Operating Segments \| Coach
Segment Reporting [Line Items]
Net sales	6,914.7	5,598.5	5,095.3
Cost of sales	1,402.5	1,226.0	1,219.9
Selling, general and administrative expenses	2,971.0	2,497.2	2,224.3
Total segment operating profit (loss):	2,541.2	1,875.3	1,651.1
Operating Segments \| Kate Spade
Segment Reporting [Line Items]
Net sales	1,074.9	1,197.1	1,334.4
Cost of sales	365.8	399.1	463.2
Selling, general and administrative expenses	719.1	1,567.2	738.6
Total segment operating profit (loss):	(10.0)	(769.2)	132.6
Operating Segments \| Stuart Weitzman
Segment Reporting [Line Items]
Net sales	14.6	215.1	241.5
Cost of sales	6.9	96.7	98.6
Selling, general and administrative expenses	8.7	133.8	164.1
Total segment operating profit (loss):	(1.0)	(15.4)	(21.2)
Corporate
Segment Reporting [Line Items]
Unallocated corporate expenses	615.8	675.7	622.4
Unallocated other charges, net	$ 53.8	$ 198.9	$ 128.2

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Jun. 27, 2026
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Letters of Credit The Company had standby letters of credit, surety bonds and bank guarantees totaling $38.1 million and $26.5 million outstanding at June 27, 2026 and June 28, 2025, respectively. The agreements, which expire at various dates through calendar 2039, primarily collateralize the Company’s obligations to third parties for duties, leases, insurance claims and materials used in product manufacturing. The Company pays certain fees with respect to letters of credit that are issued. Other The Company had other contractual cash obligations as of June 27, 2026, including $768.2 million related to inventory purchase obligations, $45.2 million related to capital expenditure and cloud computing implementation commitments, $268.8 million of other purchase obligations, $2.40 billion of debt repayments and $640.4 million of interest payments on outstanding debt. Refer to Note 9, "Leases," for a summary of the Company's future minimum rental payments under non-cancelable leases. The Company is involved in various routine legal proceedings as both plaintiff and defendant incident to the ordinary course of its business, including proceedings to protect Tapestry's intellectual property rights, litigation instituted by persons alleged to have been injured by advertising claims or upon premises within the Company’s control, contract disputes, insurance claims and litigation, including wage and hour litigation, with present or former employees. Although the Company's litigation can result in large monetary awards, such as when a civil jury is allowed to determine compensatory and/or punitive damages, the Company believes that the outcome of all pending legal proceedings, in the aggregate, will not have a material effect on the Company's business or consolidated financial statements. There have been no material developments with respect to any previously reported proceedings. Following the previously disclosed termination of the proposed Merger Agreement, dated August 10, 2023, by and among the Company, Merger Sub and Capri, pursuant to which, among other things, Merger Sub would merge with and into Capri (the "Merger") with Capri surviving the Merger and continuing as a wholly owned subsidiary of the Company ("the Capri Acquisition"), two separate putative securities class actions were filed on December 23, 2024 and January 28, 2025, by plaintiff shareholders in the United States District Court for the District of Delaware against Capri and certain of its officers and against Tapestry and certain of its officers, alleging that during the respective class periods (between August 10, 2023 and October 24, 2024), Capri and Tapestry misrepresented and failed to disclose adverse facts about Capri’s business, operations, market dynamics, and the prospects for approval of the Capri Acquisition, which were known to defendants or recklessly disregarded by them. The complaints, which each allege violations of sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, seek unspecified compensatory damages, costs and expenses, and equitable relief. On July 14, 2025, the Company moved to dismiss the complaint. On March 31, 2026, the United States District Court for the District of Delaware dismissed the complaint and claims without prejudice, and on April 30, 2026, the plaintiff shareholders filed an amendment. On June 15, 2026, the Company moved to dismiss the amended complaint. The Company intends to vigorously defend itself in these matters.

INVESTMENTS - Schedule of Investments (Details) - USD ($) $ in Millions	Jun. 27, 2026	Jun. 28, 2025
Schedule of Investments [Line Items]
Short-term investments	$ 149.4
Long-term investments	0.0
Debt securities, available-for-sale	149.4
Other short-term investments	27.9
Other long-term investments	0.0
Other investments	27.9
Short-term investments	177.3	$ 19.6
Long-term investments	0.0	1.4
Investments	177.3	$ 21.0
Commercial paper
Schedule of Investments [Line Items]
Short-term investments	66.2
Long-term investments	0.0
Debt securities, available-for-sale	66.2
Government securities - U.S.
Schedule of Investments [Line Items]
Short-term investments	18.2
Long-term investments	0.0
Debt securities, available-for-sale	18.2
Corporate debt securities - U.S.
Schedule of Investments [Line Items]
Short-term investments	65.0
Long-term investments	0.0
Debt securities, available-for-sale	$ 65.0

INVESTMENTS (Tables)

12 Months Ended

Jun. 27, 2026

Investments, Debt and Equity Securities [Abstract]

Schedule of Investments

The following table summarizes the Company’s primarily U.S. dollar-denominated investments, recorded within the Consolidated Balance Sheets as of June 27, 2026 and June 28, 2025:


	June 27, 2026						June 28, 2025
	Short-term		Long-term(2)		Total		Short-term		Long-term(2)		Total
	(millions)
Available-for-sale investments:
Commercial paper(1)	$	66.2	$	—	$	66.2	$	—	$	—	$	—
Government securities – U.S.(1)	18.2		—		18.2		—		—		—
Corporate debt securities – U.S.(1)	65.0		—		65.0		—		—		—


Total Available-for-sale investments	$	149.4	$	—	$	149.4	$	—	$	—	$	—





Other:

Other	27.9		—		27.9		19.6		1.4		21.0
Total Investments	$	177.3	$	—	$	177.3	$	19.6	$	1.4	$	21.0

(1)These securities, as of period end, have maturity dates during their respective following fiscal years and are recorded at fair value.

(2)Long-term investments are presented within Other assets on the Consolidated Balance Sheets.

SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 27, 2026

Accounting Policies [Abstract]

Schedule of Supplier Finance Program

A rollforward of the outstanding obligations confirmed as valid under the SCF program, which are presented within Accounts payable on the Consolidated Balance Sheets, is presented below:


	June 27, 2026		June 28, 2025
	(millions)
Obligations outstanding, beginning of year	$	272.8	$	294.9
Invoices added during the year	1,412.9		1,455.2
Invoices settled during the year	(1,367.3)		(1,477.3)
Obligations outstanding, end of year	$	318.4	$	272.8

DEBT - Narrative (Details)						3 Months Ended	12 Months Ended
DEBT - Narrative (Details)	Dec. 11, 2024 USD ($)	Dec. 11, 2024 USD ($) tranche	Dec. 05, 2024 USD ($)	Nov. 26, 2024 USD ($)	Nov. 25, 2024	Dec. 28, 2024 USD ($)	Jun. 27, 2026 USD ($)	Jun. 28, 2025 USD ($)	Jun. 29, 2024 USD ($)	Jul. 24, 2025 USD ($)	May 22, 2025 USD ($)	Apr. 01, 2025 USD ($)	May 20, 2024 USD ($)	May 20, 2024 CNY (¥)	Nov. 27, 2023 USD ($)	Nov. 27, 2023 EUR (€)	Dec. 31, 2021 USD ($)	Jun. 30, 2017 USD ($)	Mar. 31, 2015 USD ($)
Debt Instrument [Line Items]
Interest expense							$ 119,300,000	$ 271,200,000	$ 369,600,000
Loss on extinguishment of debt							0	120,100,000	0
Proceeds from revolving credit facility							0	1,016,500,000	0
Proceeds from issuance of debt, net of discount							0	2,248,100,000	6,089,500,000
Long-term debt							2,379,000,000	2,377,900,000
Repayments of debt							0	7,163,300,000	$ 468,800,000
Current debt							$ 0	16,700,000
From and including the closing date of the Capri Acquisition to but excluding June 28, 2025
Debt Instrument [Line Items]
Covenant maximum net leverage ratio							4.00
From and including June 28, 2025 to but excluding June 27, 2026
Debt Instrument [Line Items]
Covenant maximum net leverage ratio							4.50
Senior Notes 5.100% Due 2030 and Senior Notes 5.500% Due 2035 \| Senior Notes
Debt Instrument [Line Items]
Proceeds from issuance of debt, net of discount	$ 1,500,000,000
Issuance of debt	1,500,000,000	$ 1,500,000,000
5.100% Senior Notes due 2030 \| Senior Notes
Debt Instrument [Line Items]
Issuance of debt	$ 750,000,000.0	$ 750,000,000.0
Interest rate, stated percentage	5.10%	5.10%					5.10%
Debt instrument, issuance amount, percent of par	99.876%	99.876%
5.500% Senior Notes due 2035 \| Senior Notes
Debt Instrument [Line Items]
Issuance of debt	$ 750,000,000.0	$ 750,000,000.0
Interest rate, stated percentage	5.50%	5.50%					5.50%
Debt instrument, issuance amount, percent of par	99.864%	99.864%
Senior Note 4.250% Due 2025 \| Senior Notes
Debt Instrument [Line Items]
Interest rate, stated percentage																			4.25%
Current debt												$ 303,400,000
Senior Note 4.250% Due 2025 \| Senior Notes
Debt Instrument [Line Items]
Issuance of debt																			$ 600,000,000.0
Interest rate, stated percentage												4.25%
Debt instrument, issuance amount, percent of par																			99.445%
Tender offer, outstanding debt																	$ 296,600,000
Senior Note 4% Due 2027 \| Senior Notes
Debt Instrument [Line Items]
Issuance of debt																		$ 600,000,000.0
Interest rate, stated percentage																		4.125%
Debt instrument, issuance amount, percent of par																		99.858%
Tender offer, outstanding debt																	203,400,000
3.050% Senior Notes due 2032 \| Senior Notes
Debt Instrument [Line Items]
Issuance of debt																	$ 500,000,000.0
Interest rate, stated percentage							3.05%										3.05%
Debt instrument, issuance amount, percent of par																	99.705%
Commercial paper \| Line of Credit
Debt Instrument [Line Items]
Current debt							$ 0
China Credit Facility \| Line of Credit
Debt Instrument [Line Items]
Current debt							0	16,700,000
Line of credit outstanding							0
Capri Acquisition USD Senior Notes \| Senior Notes
Debt Instrument [Line Items]
Issuance of debt															$ 4,500,000,000
Capri Acquisition EUR Senior Notes \| Senior Notes
Debt Instrument [Line Items]
Issuance of debt \| €																€ 1,500,000,000
Capri Acquisition Senior Notes
Debt Instrument [Line Items]
Loss on extinguishment of debt								$ 120,100,000
Capri Acquisition Senior Notes \| Senior Notes
Debt Instrument [Line Items]
Redemption price, percentage					101.00%
Capri Acquisition Senior Notes \| Senior Notes
Debt Instrument [Line Items]
Unamortized premium						$ 61,200,000
Debt issuance costs						55,000,000.0
Revolving Credit Facility \| $2.00 Billion Revolving Credit Facility \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity											$ 2,000,000,000.00
Proceeds from revolving credit facility						1,000,000,000.00
Long-term debt							$ 0
Revolving Credit Facility \| China Credit Facility \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity													$ 37,000,000	¥ 250,000,000.0
Revolving Credit Facility \| China Credit Facility, Loan \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity													13,000,000	85,000,000.0
Revolving Credit Facility \| China Credit Facility, Bank Guarantee Facility \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity													2,000,000	15,000,000.0
Revolving Credit Facility \| China Credit Facility, Accounts Payable Financing \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity													$ 22,000,000	¥ 150,000,000.0
Unsecured Debt \| $2.00 Billion Revolving Credit Facility \| Letter of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity											$ 2,000,000,000.00
Unsecured Debt \| Capri Acquisition Term Loan Facilities \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity															$ 1,400,000,000
Unsecured Debt \| Senior Unsecured Term Loan Facility \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity						$ 750,000,000.0
Proceeds from issuance of notes				$ 750,000,000.0
Term (in years)				6 months
Number of tranches paid \| tranche		2
Repayments of debt	$ 500,000,000.0		$ 250,000,000.0
Commercial paper \| Commercial paper
Debt Instrument [Line Items]
Maximum borrowing capacity										$ 2,000,000,000.00

SHARE-BASED COMPENSATION - Schedule of Employee Purchase Rights Weighted Average Assumptions (Details) - Employee Stock Purchase Plan	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (years)	6 months	6 months	6 months
Expected volatility	37.00%	35.70%	32.50%
Risk-free interest rate	4.00%	4.90%	5.40%
Dividend yield	1.60%	2.70%	3.90%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

GOODWILL AND OTHER INTANGIBLE ASSETS - Schedule of Change in Carrying Value of Goodwill (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Jun. 28, 2025	Jun. 27, 2026	Jun. 28, 2025
Goodwill [Roll Forward]
Beginning balance		$ 983.3	$ 1,204.1
Impairment charges			(244.1)
Foreign exchange impact		(25.6)	23.3
Ending balance	$ 983.3	957.7	983.3
Coach
Goodwill [Roll Forward]
Beginning balance		597.5	578.0
Impairment charges			0.0
Foreign exchange impact		(21.7)	19.5
Ending balance	597.5	575.8	597.5
Kate Spade
Goodwill [Roll Forward]
Beginning balance		385.8	626.1
Impairment charges	(244.1)	0.0	(244.1)
Foreign exchange impact		(3.9)	3.8
Ending balance	$ 385.8	$ 381.9	$ 385.8

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References

+ Details

- Definition

+ References + Details

BASIS OF PRESENTATION AND ORGANIZATION	12 Months Ended
BASIS OF PRESENTATION AND ORGANIZATION	Jun. 27, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION AND ORGANIZATION	BASIS OF PRESENTATION AND ORGANIZATION Fiscal Year The Company utilizes a 52-53 week fiscal year ending on the Saturday closest to June 30. Unless otherwise stated, references to years in the financial statements relate to fiscal years. The fiscal year ended June 27, 2026 (“fiscal 2026”) was a 52-week period. The fiscal year ended June 28, 2025 (“fiscal 2025”) was a 52-week period and the fiscal year ended June 29, 2024 (“fiscal 2024”) was a 52-week period. The fiscal year ending July 3, 2027 (“fiscal 2027”) will be a 53-week period. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and footnotes thereto. Actual results could differ from estimates in amounts that may be material to the financial statements. Significant estimates inherent in the preparation of the consolidated financial statements include reserves for the realizability of inventory; asset retirement obligations; customer returns, end-of-season markdowns and operational chargebacks; useful lives and impairments of long-lived tangible and intangible assets; accounting for income taxes and related uncertain tax positions; accounting for business combinations; the valuation of stock-based compensation awards and related expected forfeiture rates; reserves for restructuring; and reserves for litigation and other contingencies, amongst others. Principles of Consolidation The consolidated financial statements include the accounts of the Company and all 100% owned and controlled subsidiaries. All intercompany transactions and balances are eliminated in consolidation. Additionally, GAAP requires the consolidation of all entities for which a Company has a controlling voting interest and all variable interest entities (“VIEs”) for which a Company is deemed to be the primary beneficiary. An entity is generally a VIE if it meets any of the following criteria: (i) the entity has insufficient equity to finance its activities without additional subordinated financial support from other parties, (ii) the equity investors cannot make significant decisions about the entity’s operations or (iii) the voting rights of some investors are not proportional to their obligations to absorb the expected losses of the entity or receive the expected returns of the entity and substantially all of the entity’s activities involve or are conducted on behalf of the investor with disproportionately few voting rights. Share Repurchases The Company accounts for stock repurchases by allocating the repurchase price to Common stock and Retained earnings (accumulated deficit). Under Maryland law, the Company's state of incorporation, there are no treasury shares. All repurchased shares are authorized but unissued shares; these shares may be issued in the future for general corporate and other purposes. The Company may terminate or limit the stock repurchase program at any time. The Company accounts for the shares purchased under the share repurchase plan based on the trade date. Purchases of the Company's common stock may be executed through open market purchases including through purchase agreements under Rule 10b5-1, in privately negotiated transactions or in other transactions, including accelerated share repurchase programs. Excise tax on net share repurchases is recorded in Retained earnings (accumulated deficit) as part of Stockholders' Equity.

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Additional Paid-in-Capital	Retained Earnings (Accumulated Deficit)	Accumulated Other Comprehensive Income (Loss)
Beginning balance (shares) at Jul. 01, 2023		227.4
Beginning balance at Jul. 01, 2023	$ 2,277.8	$ 2.3	$ 3,682.2	$ (1,216.8)	$ (189.9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	816.0			816.0
Other comprehensive income (loss)	44.0				44.0
Shares issued, pursuant to share-based compensation arrangements, net of shares withheld for taxes (shares)		2.8
Shares issued, pursuant to share-based compensation arrangements, net of shares withheld for taxes	(5.4)		(5.4)
Share-based compensation	85.9		85.9
Repurchase of common stock, including excise tax	0.0
Dividends declared	(321.4)			(321.4)
Ending balance (shares) at Jun. 29, 2024		230.2
Ending balance at Jun. 29, 2024	$ 2,896.9	$ 2.3	3,762.7	(722.2)	(145.9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends declared per common share (USD per share)	$ 1.40
Net income (loss)	$ 183.2			183.2
Other comprehensive income (loss)	(115.3)				(115.3)
Shares issued, pursuant to share-based compensation arrangements, net of shares withheld for taxes (shares)		6.3
Shares issued, pursuant to share-based compensation arrangements, net of shares withheld for taxes	119.6		119.6
Share-based compensation	91.4		91.4
Repurchase of common stock, including excise tax (shares)		(28.4)
Repurchase of common stock, including excise tax	(2,018.7)	$ (0.2)	(300.0)	(1,718.5)
Dividends declared	$ (299.3)			(299.3)
Ending balance (shares) at Jun. 28, 2025	208.1	208.1
Ending balance at Jun. 28, 2025	$ 857.8	$ 2.1	3,673.7	(2,556.8)	(261.2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends declared per common share (USD per share)	$ 1.40
Net income (loss)	$ 1,527.7			1,527.7
Other comprehensive income (loss)	42.6				42.6
Shares issued, pursuant to share-based compensation arrangements, net of shares withheld for taxes (shares)		3.8
Shares issued, pursuant to share-based compensation arrangements, net of shares withheld for taxes	37.3		37.3
Share-based compensation	107.4		107.4
Repurchase of common stock, including excise tax (shares)		(11.5)
Repurchase of common stock, including excise tax	(1,554.6)	$ (0.1)	300.0	(1,854.5)
Dividends declared	$ (326.1)			(326.1)
Ending balance (shares) at Jun. 27, 2026	200.4	200.4
Ending balance at Jun. 27, 2026	$ 692.1	$ 2.0	$ 4,118.4	$ (3,209.7)	$ (218.6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends declared per common share (USD per share)	$ 1.60

DEFINED CONTRIBUTION PLAN (Details) - USD ($) $ in Millions	12 Months Ended
DEFINED CONTRIBUTION PLAN (Details) - USD ($) $ in Millions	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
Retirement Benefits [Abstract]
Defined contribution plan expense	$ 13.6	$ 13.1	$ 12.7

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 1,527.7	$ 183.2	$ 816.0
Other comprehensive income (loss), net of tax:
Unrealized gains (losses) on cash flow hedging derivatives, net	17.8	(57.2)	22.2
Unrealized gains (losses) on available-for-sale investments, net	0.0	0.2	(0.2)
Foreign currency translation adjustments	24.9	(58.3)	22.0
Other	(0.1)	0.0	0.0
Other comprehensive income (loss), net of tax	42.6	(115.3)	44.0
Comprehensive income (loss)	$ 1,570.3	$ 67.9	$ 860.0

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482705/350-40-65-4

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/exampleRef
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Reference 9: http://www.xbrl.org/2003/role/exampleRef
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Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
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Reference 11: http://www.xbrl.org/2003/role/exampleRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

FAIR VALUE MEASUREMENTS - Schedule of Assets and Liabilities (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	$ 103.7	$ 22.4
Derivative liabilities	$ 235.5	271.0
Maturity of time deposits (in months)	3 months
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 106.8	225.9
Level 1 \| Other \| Short-term Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0.0	0.0
Level 1 \| Other \| Long-term Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0.0	0.0
Level 1 \| Inventory-related instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0.0	0.0
Derivative liabilities	0.0	0.0
Level 1 \| Net investment hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0.0	0.0
Derivative liabilities	0.0	0.0
Level 1 \| Intercompany loans and payables
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0.0	0.0
Derivative liabilities	0.0	0.0
Level 1 \| Interest rate hedge instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0.0	0.0
Derivative liabilities	0.0	0.0
Level 1 \| Commercial paper \| Short-term Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0.0	0.0
Level 1 \| Government securities - U.S. \| Short-term Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	18.2	0.0
Level 1 \| Corporate debt securities - U.S. \| Short-term Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0.0	0.0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0.0	0.0
Level 2 \| Other \| Short-term Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	27.9	19.6
Level 2 \| Other \| Long-term Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0.0	1.4
Level 2 \| Inventory-related instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	31.1	6.5
Derivative liabilities	8.9	7.9
Level 2 \| Net investment hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	71.1	15.6
Derivative liabilities	221.1	263.0
Level 2 \| Intercompany loans and payables
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0.1	0.3
Derivative liabilities	2.4	0.1
Level 2 \| Interest rate hedge instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	1.4	0.0
Derivative liabilities	3.1	0.0
Level 2 \| Commercial paper \| Short-term Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	66.2	0.0
Level 2 \| Government securities - U.S. \| Short-term Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0.0	0.0
Level 2 \| Corporate debt securities - U.S. \| Short-term Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	$ 65.0	$ 0.0

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 27, 2026	Jun. 28, 2025
Current Assets:
Cash and cash equivalents	$ 974.7	$ 1,100.0
Short-term investments	177.3	19.6
Trade accounts receivable, less allowances for credit losses of $6.1 and $5.7, respectively	237.1	239.3
Inventories	826.2	860.7
Income tax receivable	269.3	277.3
Prepaid expenses	155.2	133.8
Other current assets	242.5	98.5
Assets held for sale	0.0	176.4
Total current assets	2,882.3	2,905.6
Property and equipment, net of accumulated depreciation of $1,264.2 and $1,215.0, respectively	502.1	489.5
Operating lease right-of-use assets	1,417.2	1,331.0
Goodwill	957.7	983.3
Intangible assets	716.5	719.6
Deferred income taxes	35.7	33.8
Other assets	180.2	117.7
Total assets	6,691.7	6,580.5
Current Liabilities:
Accounts payable	582.3	456.1
Accrued liabilities	754.9	736.9
Current portion of operating lease liabilities	307.8	299.0
Current debt	0.0	16.7
Liabilities held for sale	0.0	48.2
Total current liabilities	1,645.0	1,556.9
Long-term debt	2,379.0	2,377.9
Long-term operating lease liabilities	1,266.2	1,205.6
Deferred income taxes	172.8	79.8
Other liabilities	536.6	502.5
Total liabilities	5,999.6	5,722.7
See Note 13 on commitments and contingencies
Stockholders’ Equity:
Preferred stock: (authorized 25.0 million shares; $0.01 par value) none issued	0.0	0.0
Common stock: (authorized 1.00 billion shares; $0.01 par value) issued and outstanding – 200.4 million and 208.1 million shares, respectively	2.0	2.1
Additional paid-in-capital	4,118.4	3,673.7
Retained earnings (accumulated deficit)	(3,209.7)	(2,556.8)
Accumulated other comprehensive income (loss)	(218.6)	(261.2)
Total stockholders’ equity	692.1	857.8
Total liabilities and stockholders’ equity	$ 6,691.7	$ 6,580.5

SUPPLEMENTAL BALANCE SHEET INFORMATION

12 Months Ended

Jun. 27, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SUPPLEMENTAL BALANCE SHEET INFORMATION

The components of certain balance sheet accounts are as follows:


	June 27, 2026		June 28, 2025
	(millions)




Property and equipment
Land and building	$	8.1	$	8.1
Machinery and equipment	50.6		53.0
Software and computer equipment	542.5		564.1
Furniture and fixtures	302.8		288.1
Leasehold improvements	793.6		750.4
Construction in progress	68.7		40.8
Less: accumulated depreciation	(1,264.2)		(1,215.0)
Total property and equipment, net	$	502.1	$	489.5
Accrued liabilities
Payroll and employee benefits	$	238.1	$	224.4



Accrued freight	85.1		38.3
Accrued marketing	47.9		84.1
Other accrued liabilities	383.8		390.1
Total accrued liabilities	$	754.9	$	736.9
Other liabilities

Gross unrecognized tax benefit	115.7		110.7
Long-term derivative liabilities	224.5		256.1
Other	196.4		135.7
Total other liabilities	$	536.6	$	502.5

SEGMENT INFORMATION

12 Months Ended

Jun. 27, 2026

Segment Reporting [Abstract]

SEGMENT INFORMATION

The Company has two reportable segments:

•Coach - Includes global sales primarily of Coach brand products to customers through our DTC, wholesale and licensing businesses.

•Kate Spade - Includes global sales primarily of kate spade new york brand products to customers through our DTC, wholesale and licensing businesses.

On August 4, 2025, the Company completed the sale of the Stuart Weitzman business and, as a result, determined it had two reportable segments on a prospective basis. Refer to Note 5, "Acquisitions and Divestitures," for further information.

The Company's chief operating decision maker ("CODM"), who is its Chief Executive Officer, regularly evaluates operating profit of these segments compared to management's expectations in deciding how to allocate resources and assess performance. Segment operating profit is the gross profit of the segment less direct expenses of the segment. Total expenditures for additions to long-lived assets and assets by segment are not provided to the CODM as such information is not utilized for purposes of assessing performance or allocating resources, and therefore has not been disclosed.

In addition to these reportable segments, the Company has certain corporate expenses that are not directly attributable to its brands ("Unallocated corporate expenses"); therefore, they are not allocated to its segments. Such costs primarily include certain overhead expenses related to corporate functions as well as certain administration, corporate occupancy, information technology and depreciation costs.


	Coach		Kate Spade		Stuart Weitzman(1)		Total
	(millions)
Fiscal 2026
Net sales	$	6,914.7	$	1,074.9	$	14.6	$	8,004.2
Cost of sales(2)	1,402.5		365.8		6.9		1,775.2
Selling, general and administrative expenses(2)	2,971.0		719.1		8.7		3,698.8
Total segment operating profit (loss):	$	2,541.2	$	(10.0)	$	(1.0)	$	2,530.2
Unallocated corporate expenses(3)							615.8
Unallocated other charges, net(4)							53.8
Income (loss) before provision for income taxes							$	1,860.6
Fiscal 2025
Net sales	$	5,598.5	$	1,197.1	$	215.1	$	7,010.7
Cost of sales(2)	1,226.0		399.1		96.7		1,721.8
Selling, general and administrative expenses(2)	2,497.2		1,567.2		133.8		4,198.2
Total segment operating profit (loss):	$	1,875.3	$	(769.2)	$	(15.4)	$	1,090.7
Unallocated corporate expenses(3)							675.7
Unallocated other charges, net(4)							198.9
Income (loss) before provision for income taxes							$	216.1
Fiscal 2024
Net sales	$	5,095.3	$	1,334.4	$	241.5	$	6,671.2
Cost of sales(2)	1,219.9		463.2		98.6		1,781.7
Selling, general and administrative expenses(2)	2,224.3		738.6		164.1		3,127.0
Total segment operating profit (loss):	$	1,651.1	$	132.6	$	(21.2)	$	1,762.5
Unallocated corporate expenses(3)							622.4
Unallocated other charges, net(4)							128.2
Income (loss) before provision for income taxes							$	1,011.9

(1) During fiscal 2026, Stuart Weitzman Net sales, Cost of sales and Selling, general and administrative expenses represent results for the period prior to the sale on August 4, 2025.

(3) Unallocated corporate expenses represent certain corporate expenses that are not directly attributable to a segment.

(4) Includes Loss on extinguishment of debt, Interest expense, net and Other expense (income).

The following table summarizes depreciation and amortization expense of each of the Company's segments for fiscal 2026, fiscal 2025, and fiscal 2024:


	Fiscal Year Ended
	June 27, 2026(3)		June 28, 2025(3)		June 29, 2024
	(millions)
Depreciation and amortization expense(1):
Coach	$	97.3	$	91.2	$	88.0
Kate Spade	33.4		34.1		41.6
Stuart Weitzman	0.3		6.1		10.6
Total segment depreciation and amortization expense:	131.0		131.4		140.2
Unallocated corporate(2)	41.2		36.0		33.8
Total Depreciation and amortization expense:	$	172.2	$	167.4	$	174.0

(1) Depreciation and amortization expense for the segments includes an allocation of expense related to assets which support multiple segments.

(2) Unallocated corporate, which is not a reportable segment, represents certain depreciation and amortization costs that are not directly attributable to a segment.

There were no impairment charges in fiscal 2026 or fiscal 2024 for brand intangible assets and goodwill. Impairment charges in fiscal 2025 include $854.8 million of brand intangible and goodwill impairment charges for the Kate Spade reportable segment. Refer to Note 14, "Goodwill and Other Intangible Assets," for further information.

The following table disaggregates Net sales for each of the Company's product categories by segment in fiscal 2026, fiscal 2025, and fiscal 2024:


	Fiscal Year Ended
	June 27, 2026				June 28, 2025				June 29, 2024
	Amount		% of Total segment net sales		Amount		% of Total segment net sales		Amount		% of Total segment net sales
	(millions)
Coach
Handbags	$	4,016.3	58.1	%	$	3,223.3	57.6	%	$	2,889.9	56.7	%
Accessories	1,991.8		28.8		1,539.5		27.5		1,407.9		27.6
Footwear	408.5		5.9		342.5		6.1		326.0		6.4
Other	498.1		7.2		493.2		8.8		471.5		9.3
Total Coach	$	6,914.7	100.0	%	$	5,598.5	100.0	%	$	5,095.3	100.0	%

Kate Spade
Handbags	$	594.9	55.3	%	$	623.0	52.1	%	$	721.0	54.0	%
Accessories	241.1		22.4		269.8		22.5		307.0		23.0
Footwear	48.1		4.5		55.2		4.6		57.4		4.3
Other	190.8		17.8		249.1		20.8		249.0		18.7
Total Kate Spade	$	1,074.9	100.0	%	$	1,197.1	100.0	%	$	1,334.4	100.0	%

Stuart Weitzman(1)	$	14.6	100.0	%	$	215.1	100.0	%	$	241.5	100.0	%

Tapestry
Handbags	$	4,611.2	57.6	%	$	3,846.3	54.9	%	$	3,610.9	54.1	%
Accessories	2,232.9		27.9		1,809.3		25.8		1,714.9		25.7
Footwear(1)	471.2		5.9		612.8		8.7		624.9		9.4
Other	688.9		8.6		742.3		10.6		720.5		10.8
Total Tapestry	$	8,004.2	100.0	%	$	7,010.7	100.0	%	$	6,671.2	100.0	%

Geographic Area Information

Geographic revenue information is based on the location of our customer sale. Geographic long-lived asset information is based on the physical location of the assets at the end of each fiscal year and includes property and equipment, net, right-of-use assets and other assets.


	United States		Greater China(2)		Japan		Other(3)		Total
	(millions)
Fiscal 2026
Net sales(1)	$	4,697.4	$	1,398.7	$	465.7	$	1,442.4	$	8,004.2
Long-lived assets	1,525.5		149.1		113.9		310.9		2,099.4
Fiscal 2025
Net sales(1)	$	4,208.1	$	1,059.7	$	514.8	$	1,228.1	$	7,010.7
Long-lived assets	1,431.7		142.3		105.1		257.7		1,936.8
Fiscal 2024
Net sales(1)	$	3,949.7	$	1,012.6	$	554.4	$	1,154.5	$	6,671.2
Long-lived assets	1,533.7		151.8		94.0		210.0		1,989.5

(1)Includes net sales from our global travel retail business in locations within the specified geographic area.

(2)Greater China includes sales in mainland China, Taiwan, Hong Kong SAR, and Macao SAR.

(3)Other includes sales in Europe, Canada, Australia, Malaysia, South Korea, Singapore and other countries primarily in Asia as well as royalties earned from the Company's licensing partners.

- Definition

The entire disclosure for segment reporting.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

LEASES

12 Months Ended

Jun. 27, 2026

Leases [Abstract]

LEASES

The Company leases retail space, office space, warehouse facilities, fulfillment centers, storage space, machinery, equipment and certain other items under operating leases. The Company's leases have initial terms ranging from one to twenty years and may have renewal or early termination options ranging from one to ten years. These leases may also include rent escalation clauses or lease incentives. In determining the lease term used in the lease ROU asset and lease liability calculations, the Company considers various factors such as market conditions and the terms of any renewal or termination options that may exist. When deemed reasonably certain, the renewal and termination options are included in the determination of the lease term and calculation of the lease ROU asset and lease liability. The Company is typically required to make fixed minimum rent payments, variable rent payments primarily based on performance (i.e., percentage-of-sales-based payments), or a combination thereof, directly related to its ROU asset. The Company is also often required, by the lease, to pay for certain other costs including real estate taxes, insurance, common area maintenance fees and/or certain other costs, which may be fixed or variable, depending upon the terms of the respective lease agreement. To the extent these payments are fixed, the Company has included them in calculating the lease ROU assets and lease liabilities.

The Company calculates lease ROU assets and lease liabilities as the present value of fixed lease payments over the reasonably certain lease term beginning at the commencement date. The Company is required to use the implicit rate to determine the present value of lease payments. As the rate implicit in the Company's leases is not readily determinable, the Company uses its incremental borrowing rate based on the information available at the lease commencement date, including the Company's credit rating, credit spread and adjustments for the impact of collateral, lease tenors, economic environment and currency.

The Company acts as sublessor in certain leasing arrangements, primarily related to a sublease of a portion of the Company's leased headquarters space as well as certain retail locations. Fixed sublease payments received are recognized on a straight-line basis over the sublease term.

ROU assets, along with any other related long-lived assets, are periodically evaluated for impairment.


	Fiscal Year Ended
	June 27, 2026		June 28, 2025
	(millions)
Finance lease cost:
Amortization of right-of-use assets	$	—	$	1.2
Interest on lease liabilities(1)	—		0.1
Total finance lease cost	—		1.3
Operating lease cost	378.0		360.6
Short-term lease cost	15.4		22.8
Variable lease cost	232.1		204.8
Operating lease right-of-use impairment	0.8		3.0
Less: sublease income	(14.7)		(16.4)
Total net lease cost	$	611.6	$	576.1

(1) Interest on lease liabilities is recorded within Interest expense, net on the Company's Consolidated Statement of Operations.

The following table summarizes certain cash flow information related to the Company's leases for the fiscal year ended June 27, 2026 and June 28, 2025:


	Fiscal Year Ended
	June 27, 2026		June 28, 2025
	(millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	423.2	$	414.8
Operating cash flows from finance leases	—		0.1
Financing cash flows from finance leases	—		1.2
Non-cash transactions:
Right-of-use assets obtained in exchange for operating lease liabilities	413.8		327.7

The following table provides a maturity analysis of the Company's operating lease liabilities recorded on the Consolidated Balance Sheets as of June 27, 2026:


	June 27, 2026

	(millions)
Fiscal 2027	$	365.5
Fiscal 2028	306.8
Fiscal 2029	243.1
Fiscal 2030	197.5
Fiscal 2031	145.9
Fiscal 2032 and thereafter	588.6
Total operating lease payments	1,847.4
Less: imputed interest	(273.4)
Total operating lease liabilities	$	1,574.0

The future minimum fixed sublease receipts under non-cancelable operating lease agreements as of June 27, 2026 are as follows:


	June 27, 2026
	(millions)
Fiscal 2027	$	14.8
Fiscal 2028	14.8
Fiscal 2029	15.3
Fiscal 2030	16.0
Fiscal 2031	16.0
Fiscal 2032 and thereafter	80.2
Total sublease income	$	157.1


	June 27, 2026		June 28, 2025
Operating leases:
Weighted average remaining lease term (years)	7.4		7.4
Weighted average discount rate	4.4	%	4.4	%

Additionally, the Company had approximately $189.8 million of future payment obligations related to executed lease agreements for which the related lease had not yet commenced as of June 27, 2026.

LEASES

The Company leases retail space, office space, warehouse facilities, fulfillment centers, storage space, machinery, equipment and certain other items under operating leases. The Company's leases have initial terms ranging from one to twenty years and may have renewal or early termination options ranging from one to ten years. These leases may also include rent escalation clauses or lease incentives. In determining the lease term used in the lease ROU asset and lease liability calculations, the Company considers various factors such as market conditions and the terms of any renewal or termination options that may exist. When deemed reasonably certain, the renewal and termination options are included in the determination of the lease term and calculation of the lease ROU asset and lease liability. The Company is typically required to make fixed minimum rent payments, variable rent payments primarily based on performance (i.e., percentage-of-sales-based payments), or a combination thereof, directly related to its ROU asset. The Company is also often required, by the lease, to pay for certain other costs including real estate taxes, insurance, common area maintenance fees and/or certain other costs, which may be fixed or variable, depending upon the terms of the respective lease agreement. To the extent these payments are fixed, the Company has included them in calculating the lease ROU assets and lease liabilities.

The Company calculates lease ROU assets and lease liabilities as the present value of fixed lease payments over the reasonably certain lease term beginning at the commencement date. The Company is required to use the implicit rate to determine the present value of lease payments. As the rate implicit in the Company's leases is not readily determinable, the Company uses its incremental borrowing rate based on the information available at the lease commencement date, including the Company's credit rating, credit spread and adjustments for the impact of collateral, lease tenors, economic environment and currency.

ROU assets, along with any other related long-lived assets, are periodically evaluated for impairment.


	Fiscal Year Ended
	June 27, 2026		June 28, 2025
	(millions)
Finance lease cost:
Amortization of right-of-use assets	$	—	$	1.2
Interest on lease liabilities(1)	—		0.1
Total finance lease cost	—		1.3
Operating lease cost	378.0		360.6
Short-term lease cost	15.4		22.8
Variable lease cost	232.1		204.8
Operating lease right-of-use impairment	0.8		3.0
Less: sublease income	(14.7)		(16.4)
Total net lease cost	$	611.6	$	576.1

(1) Interest on lease liabilities is recorded within Interest expense, net on the Company's Consolidated Statement of Operations.

The following table summarizes certain cash flow information related to the Company's leases for the fiscal year ended June 27, 2026 and June 28, 2025:


	Fiscal Year Ended
	June 27, 2026		June 28, 2025
	(millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	423.2	$	414.8
Operating cash flows from finance leases	—		0.1
Financing cash flows from finance leases	—		1.2
Non-cash transactions:
Right-of-use assets obtained in exchange for operating lease liabilities	413.8		327.7

The following table provides a maturity analysis of the Company's operating lease liabilities recorded on the Consolidated Balance Sheets as of June 27, 2026:


	June 27, 2026

	(millions)
Fiscal 2027	$	365.5
Fiscal 2028	306.8
Fiscal 2029	243.1
Fiscal 2030	197.5
Fiscal 2031	145.9
Fiscal 2032 and thereafter	588.6
Total operating lease payments	1,847.4
Less: imputed interest	(273.4)
Total operating lease liabilities	$	1,574.0

The future minimum fixed sublease receipts under non-cancelable operating lease agreements as of June 27, 2026 are as follows:


	June 27, 2026
	(millions)
Fiscal 2027	$	14.8
Fiscal 2028	14.8
Fiscal 2029	15.3
Fiscal 2030	16.0
Fiscal 2031	16.0
Fiscal 2032 and thereafter	80.2
Total sublease income	$	157.1


	June 27, 2026		June 28, 2025
Operating leases:
Weighted average remaining lease term (years)	7.4		7.4
Weighted average discount rate	4.4	%	4.4	%

Additionally, the Company had approximately $189.8 million of future payment obligations related to executed lease agreements for which the related lease had not yet commenced as of June 27, 2026.

EARNINGS PER SHARE

12 Months Ended

Jun. 27, 2026

Earnings Per Share [Abstract]

EARNINGS PER SHARE

Basic net income per share is calculated by dividing net income by the weighted-average number of shares outstanding during the period. Diluted net income per share is calculated similarly but includes potential dilution from the exercise of stock options and restricted stock units and any other potentially dilutive instruments, only in the periods in which such effects are dilutive under the treasury stock method.

The following is a reconciliation of the weighted-average shares outstanding and calculation of basic and diluted earnings per share:


	Fiscal Year Ended
	June 27, 2026		June 28, 2025		June 29, 2024
	(millions, except per share data)
Net income (loss)	$	1,527.7	$	183.2	$	816.0

Weighted-average basic shares	204.0		216.8		229.2
Dilutive securities:
Effect of dilutive securities	6.2		5.7		4.0
Weighted-average diluted shares	210.2		222.5		233.2

Net income (loss) per share:
Basic	$	7.49	$	0.84	$	3.56
Diluted	$	7.27	$	0.82	$	3.50

At June 27, 2026 and June 28, 2025, there were no options to purchase shares of common stock outstanding but not included in the computation of diluted earnings per share with an exercise price greater than the average market price of the common shares.

At June 29, 2024, options to purchase 1.3 million shares of common stock were outstanding but not included in the computation of diluted earnings per share, as these options’ exercise prices, ranging from $41.82 to $51.38, were greater than the average market price of the common shares.

Earnings per share amounts have been calculated based on unrounded numbers. Options to purchase shares of the Company's common stock at an exercise price greater than the average market price of the common stock during the reporting period are anti-dilutive and therefore not included in the computation of diluted net income (loss) per common share. In addition, the Company has outstanding restricted stock unit awards that are issuable only upon the achievement of certain performance goals. Performance-based restricted stock unit awards are included in the computation of diluted shares only to the extent that the underlying performance conditions (and any applicable market condition modifiers) (i) are satisfied as of the end of the reporting period or (ii) would be considered satisfied if the end of the reporting period were the end of the related contingency period and the result would be dilutive under the treasury stock method. As of June 27, 2026, June 28, 2025 and June 29, 2024, there were approximately 0.6 million, 0.7 million and 0.8 million, respectively, of additional shares issuable upon exercise of anti-dilutive options and contingent vesting of performance-based restricted stock unit awards, which were excluded from the diluted share calculations.

SEGMENT INFORMATION - Schedule of Net Sales by Product Category (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Net sales	$ 8,004.2	$ 7,010.7	$ 6,671.2
Net Sales \| Product Concentration Risk
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Percentage of Total segment net sales	100.00%	100.00%	100.00%
Coach
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Net sales	$ 6,914.7	$ 5,598.5	$ 5,095.3
Coach \| Net Sales \| Product Concentration Risk
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Percentage of Total segment net sales	100.00%	100.00%	100.00%
Kate Spade
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Net sales	$ 1,074.9	$ 1,197.1	$ 1,334.4
Kate Spade \| Net Sales \| Product Concentration Risk
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Percentage of Total segment net sales	100.00%	100.00%	100.00%
Stuart Weitzman
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Net sales	$ 14.6	$ 215.1	$ 241.5
Stuart Weitzman \| Net Sales \| Product Concentration Risk
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Percentage of Total segment net sales	100.00%	100.00%	100.00%
Handbags
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Net sales	$ 4,611.2	$ 3,846.3	$ 3,610.9
Handbags \| Net Sales \| Product Concentration Risk
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Percentage of Total segment net sales	57.60%	54.90%	54.10%
Handbags \| Coach
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Net sales	$ 4,016.3	$ 3,223.3	$ 2,889.9
Handbags \| Coach \| Net Sales \| Product Concentration Risk
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Percentage of Total segment net sales	58.10%	57.60%	56.70%
Handbags \| Kate Spade
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Net sales	$ 594.9	$ 623.0	$ 721.0
Handbags \| Kate Spade \| Net Sales \| Product Concentration Risk
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Percentage of Total segment net sales	55.30%	52.10%	54.00%
Accessories
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Net sales	$ 2,232.9	$ 1,809.3	$ 1,714.9
Accessories \| Net Sales \| Product Concentration Risk
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Percentage of Total segment net sales	27.90%	25.80%	25.70%
Accessories \| Coach
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Net sales	$ 1,991.8	$ 1,539.5	$ 1,407.9
Accessories \| Coach \| Net Sales \| Product Concentration Risk
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Percentage of Total segment net sales	28.80%	27.50%	27.60%
Accessories \| Kate Spade
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Net sales	$ 241.1	$ 269.8	$ 307.0
Accessories \| Kate Spade \| Net Sales \| Product Concentration Risk
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Percentage of Total segment net sales	22.40%	22.50%	23.00%
Footwear
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Net sales	$ 471.2	$ 612.8	$ 624.9
Footwear \| Net Sales \| Product Concentration Risk
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Percentage of Total segment net sales	5.90%	8.70%	9.40%
Footwear \| Coach
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Net sales	$ 408.5	$ 342.5	$ 326.0
Footwear \| Coach \| Net Sales \| Product Concentration Risk
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Percentage of Total segment net sales	5.90%	6.10%	6.40%
Footwear \| Kate Spade
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Net sales	$ 48.1	$ 55.2	$ 57.4
Footwear \| Kate Spade \| Net Sales \| Product Concentration Risk
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Percentage of Total segment net sales	4.50%	4.60%	4.30%
Other
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Net sales	$ 688.9	$ 742.3	$ 720.5
Other \| Net Sales \| Product Concentration Risk
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Percentage of Total segment net sales	8.60%	10.60%	10.80%
Other \| Coach
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Net sales	$ 498.1	$ 493.2	$ 471.5
Other \| Coach \| Net Sales \| Product Concentration Risk
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Percentage of Total segment net sales	7.20%	8.80%	9.30%
Other \| Kate Spade
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Net sales	$ 190.8	$ 249.1	$ 249.0
Other \| Kate Spade \| Net Sales \| Product Concentration Risk
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]
Percentage of Total segment net sales	17.80%	20.80%	18.70%

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
Income Statement [Abstract]
Net sales	$ 8,004.2	$ 7,010.7	$ 6,671.2
Cost of sales	1,775.2	1,721.8	1,781.7
Gross profit	6,229.0	5,288.9	4,889.5
Other selling, general and administrative expenses	4,314.6	4,019.1	3,749.4
Impairment of goodwill and intangible assets	0.0	854.8	0.0
Operating income (loss)	1,914.4	415.0	1,140.1
Loss on extinguishment of debt	0.0	120.1	0.0
Interest expense, net	55.2	85.4	125.0
Other expense (income)	(1.4)	(6.6)	3.2
Income (loss) before provision for income taxes	1,860.6	216.1	1,011.9
Provision (benefit) for income taxes	332.9	32.9	195.9
Net income (loss)	$ 1,527.7	$ 183.2	$ 816.0
Net income (loss) per share:
Basic (USD per share)	$ 7.49	$ 0.84	$ 3.56
Diluted (USD per share)	$ 7.27	$ 0.82	$ 3.50
Shares used in computing net income (loss) per share:
Basic (shares)	204.0	216.8	229.2
Diluted (shares)	210.2	222.5	233.2

DEBT - Schedule of Debt Maturities (Details) $ in Millions	Jun. 27, 2026 USD ($)
Debt Disclosure [Abstract]
2027	$ 0.0
2028	396.6
2029	0.0
2030	750.0
2031	0.0
2032 and thereafter	1,250.0
Total	$ 2,396.6

INCOME TAXES - Schedule of Current and Deferred Tax Provision (Benefit) (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
Current
Federal	$ 121.6	$ 60.6	$ 71.0
Foreign	129.8	88.8	103.5
State	30.7	23.3	18.9
Current Income Tax Expense (Benefit), Total	282.1	172.7	193.4
Deferred
Federal	44.2	(144.1)	14.2
Foreign	(2.1)	16.3	(14.6)
State	8.7	(12.0)	2.9
Total deferred tax provision (benefit)	$ 50.8	$ (139.8)	$ 2.5

BASIS OF PRESENTATION AND ORGANIZATION (Policies)	12 Months Ended
BASIS OF PRESENTATION AND ORGANIZATION (Policies)	Jun. 27, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Fiscal Year	Fiscal Year The Company utilizes a 52-53 week fiscal year ending on the Saturday closest to June 30. Unless otherwise stated, references to years in the financial statements relate to fiscal years. The fiscal year ended June 27, 2026 (“fiscal 2026”) was a 52-week period. The fiscal year ended June 28, 2025 (“fiscal 2025”) was a 52-week period and the fiscal year ended June 29, 2024 (“fiscal 2024”) was a 52-week period. The fiscal year ending July 3, 2027 (“fiscal 2027”) will be a 53-week period.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and footnotes thereto. Actual results could differ from estimates in amounts that may be material to the financial statements. Significant estimates inherent in the preparation of the consolidated financial statements include reserves for the realizability of inventory; asset retirement obligations; customer returns, end-of-season markdowns and operational chargebacks; useful lives and impairments of long-lived tangible and intangible assets; accounting for income taxes and related uncertain tax positions; accounting for business combinations; the valuation of stock-based compensation awards and related expected forfeiture rates; reserves for restructuring; and reserves for litigation and other contingencies, amongst others.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and all 100% owned and controlled subsidiaries. All intercompany transactions and balances are eliminated in consolidation. Additionally, GAAP requires the consolidation of all entities for which a Company has a controlling voting interest and all variable interest entities (“VIEs”) for which a Company is deemed to be the primary beneficiary. An entity is generally a VIE if it meets any of the following criteria: (i) the entity has insufficient equity to finance its activities without additional subordinated financial support from other parties, (ii) the equity investors cannot make significant decisions about the entity’s operations or (iii) the voting rights of some investors are not proportional to their obligations to absorb the expected losses of the entity or receive the expected returns of the entity and substantially all of the entity’s activities involve or are conducted on behalf of the investor with disproportionately few voting rights.
Share Repurchases	Share Repurchases The Company accounts for stock repurchases by allocating the repurchase price to Common stock and Retained earnings (accumulated deficit). Under Maryland law, the Company's state of incorporation, there are no treasury shares. All repurchased shares are authorized but unissued shares; these shares may be issued in the future for general corporate and other purposes. The Company may terminate or limit the stock repurchase program at any time. The Company accounts for the shares purchased under the share repurchase plan based on the trade date. Purchases of the Company's common stock may be executed through open market purchases including through purchase agreements under Rule 10b5-1, in privately negotiated transactions or in other transactions, including accelerated share repurchase programs. Excise tax on net share repurchases is recorded in Retained earnings (accumulated deficit) as part of Stockholders' Equity.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consist of cash balances and highly liquid investments with a maturity of three months or less at the date of purchase.
Investments	Investments Short-term investments consist primarily of high-credit quality U.S. and non-U.S. issued corporate debt securities and U.S. Treasuries and government agency securities with original maturities greater than three months and with maturities within one year of balance sheet date, classified as available-for-sale. Long-term investments typically consist of high-credit quality U.S. and non-U.S. issued corporate debt securities, U.S. Treasuries and government agency securities, classified as available-for-sale, and recorded at fair value, with unrealized gains and losses recorded in other comprehensive income. Dividend and interest income are recognized when earned.
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that potentially expose the Company to concentration of credit risk consist primarily of Cash and cash equivalents, investments and accounts receivable. The Company places its cash investments with high-credit quality financial institutions and generally invests primarily in corporate debt securities, money market instruments, U.S. government and agency debt securities, commercial paper and bank deposits placed with major banks and financial institutions. Accounts receivable is generally diversified due to the number of entities comprising the Company's customer base and their dispersion across many geographical regions. The Company believes no significant concentration of credit risk exists with respect to these investments and accounts receivable.
Inventories	Inventories The Company holds inventory that is sold through retail, including e-commerce, and wholesale distribution channels. Substantially all of the Company's inventories are comprised of finished goods and are reported at the lower of cost or net realizable value. Inventory costs include material, conversion costs, freight and duties and are primarily determined on a weighted-average cost basis. The Company reserves for inventory, including slow-moving and aged inventory, based on current product demand, expected future demand and historical experience. A decrease in product demand due to changing customer tastes, buying patterns or increased competition could impact the Company's evaluation of its inventory and additional reserves might be required.
Held for Sale	Held for Sale Assets and liabilities to be disposed of by sale ("disposal groups") are reclassified into assets and liabilities held for sale on the Company's Consolidated Balance Sheets. This reclassification occurs when all the held for sale criteria have been met. Disposal groups are measured at the lower of carrying value or fair value less costs to sell. Assets held for sale are not depreciated or amortized. The Company assesses the recoverability of its disposal groups each reporting period it remains classified as held for sale and if its carrying value exceeds its fair value, less an estimated cost to sell, a loss on the remeasurement is recorded for the excess. Refer to Note 5, "Acquisitions and Divestitures," for further information.
Property and Equipment, Net	Property and Equipment, Net Property and equipment, net is stated at cost less accumulated depreciation including the impact of long-lived asset impairment and disposals. Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets. Buildings are depreciated over forty years and building improvements are depreciated over ten to forty years. Machinery and equipment are depreciated over lives of five to seven years, furniture and fixtures are depreciated over lives of three to ten years and software and computer equipment is generally depreciated over lives of three to seven years. Implementation costs eligible for capitalization related to cloud computing arrangements that are a service contract are recorded within Prepaid expenses and Other assets in the Consolidated Balance Sheets and amortized as Selling, general and administrative ("SG&A") expense in the Consolidated Statement of Operations over the term of the associated hosting arrangement. Leasehold improvements are amortized over the shorter of their estimated useful lives or the related lease terms. Maintenance and repair costs are charged to earnings as incurred while expenditures for major renewals and improvements are capitalized.
Valuation of Long-Lived Assets	Valuation of Long-Lived Assets Long-lived assets, such as Property and equipment and Operating lease right-of-use ("ROU") assets are evaluated for impairment whenever events or circumstances indicate that the carrying value of the assets may not be recoverable. In evaluating long-lived assets for recoverability, the Company uses its best estimate of future cash flows expected to result from the use of the related asset group and its eventual disposition. To the extent that estimated future undiscounted net cash flows attributable to the asset are less than its carrying value, an impairment loss is recognized equal to the difference between the carrying value of such asset and its fair value, considering external market participant assumptions. The Company recorded $7.8 million and $8.8 million of impairment charges within SG&A expense in the Consolidated Statement of Operations in fiscal 2026 and fiscal 2025, respectively. In determining future cash flows, the Company takes various factors into account, including the effects of macroeconomic trends such as consumer spending, in-store capital investments, promotional cadence, the level of advertising and changes in merchandising strategy. Since the determination of future cash flows is an estimate of future performance, there may be future impairments in the event that future cash flows do not meet expectations.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Upon acquisition, the Company estimates and records the fair value of purchased intangible assets, which primarily consists of brands, customer relationships, right-of-use assets and order backlog. Goodwill and certain other intangible assets deemed to have indefinite useful lives, including brand intangible assets, are not amortized, but are assessed for impairment at least annually. Finite-lived intangible assets are amortized over their respective estimated useful lives and, along with other long-lived assets as noted above, are evaluated for impairment periodically whenever events or changes in circumstances indicate that their related carrying values may not be fully recoverable. Estimates of fair value for finite-lived and indefinite-lived intangible assets are primarily determined using discounted cash flows and the multi-period excess earnings method, respectively, with consideration of market comparisons when appropriate. This approach uses significant estimates and assumptions, including projected future cash flows, discount rates and growth rates. The Company generally performs its annual goodwill and indefinite-lived intangible assets impairment analysis using a quantitative approach. The quantitative goodwill impairment test identifies the existence of potential impairment by comparing the fair value of each reporting unit with its carrying value, including goodwill. If the fair value of a reporting unit exceeds its carrying value, the reporting unit's goodwill is considered not to be impaired. If the carrying value of a reporting unit exceeds its fair value, an impairment charge is recognized in an amount equal to that excess. The impairment charge recognized is limited to the amount of goodwill allocated to that reporting unit. Determination of the fair value of a reporting unit and intangible asset is based on management's assessment, considering independent third-party appraisals when necessary. Furthermore, this determination is judgmental in nature and often involves the use of significant estimates and assumptions, which may include projected future cash flows, discount rates, growth rates and determination of appropriate market comparables and recent transactions. These estimates and assumptions could have a significant impact on whether or not an impairment charge is recognized and the amount of any such charge. The Company performs its annual impairment assessment of goodwill as well as brand intangibles during the fourth quarter of each fiscal year or if an event occurs that would more likely than not reduce the fair value below its carrying amount. The Company determined that there was no impairment in fiscal 2026. In fiscal 2025, the Company recorded a goodwill impairment charge of $244.1 million related to the Kate Spade reporting unit and an intangible impairment charge of $610.7 million related to the Kate Spade indefinite-lived brand intangible asset within Impairment of goodwill and intangible assets in the Consolidated Statement of Operations.
Supplier Finance Program	Supplier Finance Program To improve our working capital efficiency, the Company makes available to certain suppliers a voluntary supply chain finance (“SCF”) program that enables our suppliers to sell their receivables from the Company to a global financial institution on a non-recourse basis at a rate that leverages our credit rating. The Company does not have the ability to refinance or modify payment terms to the global financial institution through the SCF program. No guarantees are provided by the Company or any of our subsidiaries under the SCF program. The Company’s payment obligations, including the amounts due and payment terms, which generally do not exceed 90 days, are not impacted by suppliers’ participation in the program.
Operating Leases	Operating Leases The Company leases retail space, office space, warehouse facilities, fulfillment centers, storage space, machinery, equipment and certain other items under operating leases. These leases may also include rent escalation clauses or lease incentives in the form of construction allowances and rent reduction. In determining the lease term used in the lease right-of-use ("ROU") asset and lease liability calculations, the Company considers various factors such as market conditions and the terms of any renewal or termination options that may exist. When deemed reasonably certain, the renewal and termination options are included in the determination of the lease term and calculation of the lease ROU asset and lease liability. The Company is typically required to make fixed minimum rent payments, variable rent payments primarily based on performance (i.e., percentage-of-sales-based payments), or a combination thereof, directly related to its ROU asset. The Company is also often required, by the lease, to pay for certain other costs including real estate taxes, insurance, common area maintenance fees and/or certain other costs, which may be fixed or variable, depending upon the terms of the respective lease agreement. To the extent these payments are fixed, the Company has included them in calculating the lease ROU assets and lease liabilities. The Company calculates lease ROU assets and lease liabilities as the present value of fixed lease payments over the reasonably certain lease term beginning at the commencement date. Per the guidance, the use of the implicit rate to determine the present value of lease payments is required. As the rate implicit in the Company's leases is not readily determinable, the Company uses its incremental borrowing rate based on the information available at the lease commencement date, including the Company's credit rating, credit spread and adjustments for the impact of collateral, lease tenors, economic environment and currency. For operating leases, fixed lease payments are recognized as operating lease cost on a straight-line basis over the lease term. For finance leases and impaired operating leases, the ROU asset is depreciated on a straight-line basis over the remaining lease term, along with recognition of interest expense associated with accretion of the lease liability. For leases with a lease term of 12 months or less ("short-term lease"), any fixed lease payments are recognized on a straight-line basis over such term and are not recognized on the Consolidated Balance Sheets. Variable lease cost for both operating and finance leases, if any, is recognized as incurred. Asset retirement obligations represent legal obligations associated with the retirement of a tangible long-lived asset. The Company’s asset retirement obligations are primarily associated with leasehold improvements in which the Company is contractually obligated to remove at the end of a lease to comply with the lease agreement. When such an obligation exists, the Company recognizes an asset retirement obligation at the inception of a lease at its estimated fair value. The asset retirement obligation is recorded in current liabilities or non-current liabilities (based on the expected timing of payment of the related costs) and is subsequently adjusted for any changes in estimates. The associated estimated asset retirement costs are capitalized as part of the carrying amount of the long-lived asset and depreciated over its useful life.
Revenue Recognition	Revenue Recognition Revenue is recognized when the Company satisfies its performance obligations by transferring control of promised products or services to its customers, which may be at a point in time or over time. Control is transferred when the customer obtains the ability to direct the use of and obtain substantially all of the remaining benefits from the products or services. The amount of revenue recognized is the amount of consideration to which the Company expects to be entitled, including estimation of sale terms that may create variability in the consideration. Revenue subject to variability is constrained to an amount which will not result in a significant reversal in future periods when the contingency that creates variability is resolved. Retail store and concession shop-in-shop revenues are recognized at the point-of-sale, when the customer obtains physical possession of the products. Digital revenue from sales of products ordered through the Company’s e-commerce sites is recognized upon delivery and receipt of the shipment by its customers and includes shipping and handling charges paid by customers. Retail and digital revenues are recorded net of estimated returns, which are estimated by developing an expected value based on historical experience. Payment is due at the point of sale. The Company recognizes revenue within the wholesale business at the time title passes and risk of loss is transferred to customers, which is generally at the point of shipment of products but may occur upon receipt of the shipment by the customer in certain cases. Wholesale revenue is recorded net of estimates for returns, discounts, end-of-season markdowns, cooperative advertising allowances and other consideration provided to the customer. The Company's historical estimates of these variable amounts have not differed materially from actual results. The Company recognizes licensing revenue over time during the contract period in which licensees are granted access to the Company's trademarks. These arrangements require licensees to pay a sales-based royalty and may include a contractually guaranteed minimum royalty amount. Revenue for contractually guaranteed minimum royalty amounts is recognized ratably over the license year and any excess sales-based royalties are recognized as earned once the minimum royalty threshold is achieved. Gift cards issued by the Company are recorded as a liability until they are redeemed, at which point revenue is recognized. The Company also uses historical information to estimate the amount of gift card balances that will never be redeemed and recognizes that amount as revenue over time in proportion to actual customer redemptions if the Company does not have a legal obligation to remit unredeemed gift cards to any jurisdiction as unclaimed property. The Company accounts for sales taxes and other related taxes on a net basis, excluding such taxes from revenue.
Cost of Sales	Cost of Sales Cost of sales consists of inventory costs and other related costs such as reserves for inventory realizability and shrinkage, damages and replacements.
Other Selling, General and Administrative ("SG&A") Expenses	Other Selling, General and Administrative ("SG&A") Expenses Selling expenses include store employee compensation, occupancy costs, depreciation, supply costs, wholesale and retail account administration compensation globally. These expenses are affected by the number of stores open during any fiscal period and store performance, as compensation and rent expenses can vary with sales. Advertising, marketing and design expenses include employee compensation, media space and production, advertising agency fees, new product design costs, public relations and market research expenses. Distribution and customer service expenses include warehousing, order fulfillment, shipping and handling, customer service, employee compensation and bag repair costs. SG&A expenses also include compensation costs for corporate functions, including the executive, finance, human resources, legal and information systems departments, as well as corporate headquarters occupancy costs, consulting fees, loss on remeasurement of the business held for sale and software expenses.
Shipping and Handling	Shipping and Handling Shipping and handling costs for delivery of products to consumers were $209.6 million, $222.0 million and $221.1 million in fiscal 2026, fiscal 2025 and fiscal 2024, respectively, and are included in SG&A expenses. The Company includes inbound product-related transportation costs from manufacturers within Cost of sales. The balance of the Company's transportation-related costs related to its distribution network is included in SG&A expenses rather than in Cost of sales.
Advertising	Advertising Advertising costs include expenses related to direct marketing activities, such as digital and other media and production costs.
Share-Based Compensation	Share-Based Compensation The Company recognizes the cost of equity awards to employees and the non-employee Directors based on the grant-date fair value of those awards. The grant-date fair values of share unit awards are based on the fair value of the Company's common stock on the date of grant. The grant-date fair value of stock option awards is determined using the Black-Scholes option pricing model and involves several assumptions, including the expected term of the option, expected volatility and dividend yield. The expected term of options represents the period of time that the options granted are expected to be outstanding and is based on historical experience. Expected volatility is based on historical volatility of the Company’s stock as well as the implied volatility from publicly traded options on the Company's stock. Dividend yield is based on the current expected annual dividend per share and the Company’s stock price. Changes in the assumptions used to determine the Black-Scholes value could result in significant changes in the Black-Scholes value. The Company recognizes share-based compensation net of estimated forfeitures and revises the estimates in subsequent periods if actual forfeitures differ from the estimates. The Company estimates the forfeiture rate based on historical experience as well as expected future behavior. The Company grants performance-based share awards to key executives, the vesting of which is subject to the executive’s continuing employment and the Company's or individual's achievement of certain performance goals. On a quarterly basis, the Company assesses actual performance versus the predetermined performance goals and adjusts the share-based compensation expense to reflect the relative performance achievement. Actual distributed shares are calculated upon conclusion of the service and performance periods and include dividend equivalent shares. If the performance-based award incorporates a market condition, the grant-date fair value of such award is determined using a pricing model, such as a Monte Carlo Simulation.
Income Taxes	Income Taxes The Company’s effective tax rate is based on pre-tax income, statutory tax rates, tax laws and regulations and tax planning strategies available in the various jurisdictions in which the Company operates. The Company classifies interest and penalties on uncertain tax positions in the Provision for income taxes. The Company records net deferred tax assets to the extent it believes that it is more likely than not that these assets will be realized. In making such determination, the Company considers all available evidence, including scheduled reversals of deferred tax liabilities, projected future taxable income, tax planning strategies and recent and expected future results of operation. The Company reduces deferred tax assets by a valuation allowance if, based upon the weight of available evidence, it is more likely than not that some amount of deferred tax assets is not expected to be realized. The Company is not permanently reinvested with respect to earnings of a limited number of foreign entities and has recorded the tax consequences of remitting earnings from these entities. The Company is permanently reinvested with respect to all other earnings. The Company recognizes the impact of tax positions in the financial statements if those positions will more likely than not be sustained on audit, based on the technical merits of the position. Although the Company believes that the estimates and assumptions used are reasonable and legally supportable, the final determination of tax audits could be different than that which is reflected in historical tax provisions and recorded assets and liabilities. Tax authorities periodically audit the Company’s income tax returns; these tax authorities may take a contrary position that could result in a significant impact on the Company's results of operations. Significant management judgment is required in determining the effective tax rate, in evaluating tax positions and in determining the net realizable value of deferred tax assets.
Derivative Instruments	Derivative Instruments The Company is exposed to foreign currency exchange risk related to its sale of inventory, cross-currency intercompany loans and payables, and the remeasurement and translation of foreign operations. The Company is also exposed to interest rate risk related to changes in the fair value of the Company's fixed-rate debt. The Company uses derivative financial instruments to manage these risks. These derivative transactions are in accordance with the Company’s risk management policies. Each derivative instrument entered into by the Company that qualifies for hedge accounting is expected to be highly effective at reducing the risk associated with the exposure being hedged. The Company does not enter into derivative transactions for speculative or trading purposes. The Company records all derivative contracts at fair value on the Consolidated Balance Sheets on a gross basis. As a result of the use of derivative instruments, the Company may be exposed to the risk that the counterparties to such contracts will fail to meet their contractual obligations. To mitigate this counterparty credit risk, the Company has a policy of only entering into contracts with carefully selected financial institutions based upon an evaluation of their credit ratings, among other factors. The fair values of the Company’s derivative instruments are based on the forward curves of the specific indices upon which settlement is based and include an adjustment for the counterparty's or Company’s credit risk. Judgment is required of management in developing estimates of fair value. The use of different market assumptions or methodologies could affect the estimated fair value. Cash Flow Hedges The Company enters into forward foreign currency exchange contracts primarily to reduce its risks related to exchange rate fluctuations on foreign currency denominated inventory transactions. This primarily includes exposure to exchange rate fluctuations in Chinese Renminbi, Japanese Yen, Canadian Dollar and Euro. The derivative instrument gains (losses) are initially deferred in accumulated other comprehensive income ("AOCI") and subsequently recognized in the Consolidated Statements of Operations within Cost of sales, when the related inventory is sold to a third-party. If it is determined that a derivative instrument has not been highly effective or will continue not to be highly effective in hedging the designated exposure, hedge accounting is discontinued and further gains (losses) are recognized in earnings. Upon discontinuance of hedge accounting, amounts previously recorded in AOCI are recognized in earnings when the related hedged item affects earnings, unless it is probable that the forecasted transaction will not occur, in which case the accumulated amount is immediately recognized in earnings. For cash flow reporting purposes, the Company classifies proceeds received or amounts paid upon the settlement of the cash flow hedging instruments in the same manner as the related item being hedged, primarily within cash from operating activities. Net Investment Hedges The Company enters into cross-currency swaps and forward foreign currency exchange contracts to reduce its risks related to exchange rate fluctuations on net investments in foreign subsidiaries, including our Euro, Japanese Yen and Chinese Renminbi denominated subsidiaries, against future volatility in the exchange rates between the United States dollar and their local currencies. The related gains (losses) are deferred within cumulative translation adjustment (“CTA”) in AOCI until the net investment is sold or liquidated, and current maturity dates range from September 2029 to November 2038. The Company assesses net investment hedges under the spot method, resulting in cross-currency basis spread on swaps and the spot to forward rate difference on forward exchanges being excluded from the assessment of hedge effectiveness. The portion of change in fair value attributable to excluded components is recorded in AOCI and amortized to earnings within Interest expense, net. Upon termination of derivative instruments that are designated as a net investment hedge, the changes in the fair value of the instruments recognized as a component within AOCI remain in CTA until the net investment is sold or liquidated. If it is determined that a derivative instrument has not been highly effective or will continue not to be highly effective in hedging the designated exposure, hedge accounting is discontinued and further gains (losses) are recognized in earnings. For cash flow reporting purposes, proceeds received or amounts paid upon the settlement of a net investment hedge are included within cash from investing activities, unless the derivative instrument includes an other-than-insignificant financing element, for which these cash flows are primarily classified within cash from financing activities. Fair Value Hedges The Company enters into cross-currency swaps to reduce its risks related to foreign exchange rate fluctuations associated with certain cross-currency intercompany loans. Changes in the fair value of the cross-currency swaps designated as fair value hedges are recognized within Other expense (income) on the Company's Consolidated Statement of Operations, which generally offset the adjustment to the carrying amount of the hedged item. The portion of the change in the fair value of designated cross-currency swap contracts attributable to the excluded component is recorded in AOCI and amortized to earnings within Other expense (income). If it is determined that a derivative instrument has not been highly effective or will continue not to be highly effective in hedging the designated exposure, any amounts associated with excluded components in AOCI would be reclassified into earnings immediately. The Company also enters into interest rate contracts to reduce exposure to changes in the fair value of certain fixed‑rate debt resulting from fluctuations in benchmark interest rates. The gains and losses on the interest rate contracts designated as fair value hedges are recognized in the Consolidated Statements of Operations as Interest expense, net and are generally offset by corresponding changes in the fair value of the hedged liabilities. If it is determined that a derivative instrument has not been highly effective or will continue not to be highly effective in hedging the designated exposure, the hedged asset or liability is no longer adjusted for changes in fair value and any basis adjustment is amortized to earnings over the remaining term of the hedged item, unless the hedged item is derecognized, in which case the basis adjustment is recognized in earnings immediately. Additionally, any amounts associated with excluded components in AOCI are reclassified into earnings in the same manner. For cash flow reporting purposes, the Company classifies proceeds received or amounts paid upon the settlement of a derivative instrument in the same manner as the related item being hedged, primarily within cash from operating activities. Undesignated Hedges The Company also enters into forward foreign currency exchange contracts, which are not designated as hedges, to reduce its risks related to exchange rate fluctuations associated with certain cross-currency intercompany loans and payables. The changes in the fair value of these instruments are recorded through earnings within Other expense (income) on the Company's Consolidated Statement of Operations, which offset the revaluation of the hedged underlying assets and liabilities. For cash flow reporting purposes, the Company classifies proceeds received or amounts paid upon the settlement of a derivative instrument in the same manner as the related item being hedged, primarily within cash from operating activities.
Foreign Currency	Foreign Currency The functional currency of the Company's foreign operations is generally the applicable local currency. Assets and liabilities are translated into U.S. dollars using the current exchange rates in effect at the balance sheet date, while revenues and expenses are translated at the weighted-average exchange rates for the period. The resulting translation adjustments are included in the Consolidated Statements of Comprehensive Income as a component of Other comprehensive income (loss) (“OCI”) and in the Consolidated Statements of Stockholders’ Equity within AOCI. The Company recognizes gains and losses on transactions that are denominated in a currency other than the respective entity's functional currency in earnings. Foreign currency transaction gains and losses also include amounts realized on the settlement of certain intercompany loans with foreign subsidiaries.
Recently Adopted Accounting Pronouncements and Recently Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements In December 2023, the FASB issued ASU No. 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures", which includes amendments that further enhance income tax disclosures, primarily through standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. The amendments are effective for the Company's annual periods beginning in fiscal year 2026, with early adoption permitted, and should be applied either prospectively or retrospectively. The Company adopted ASU 2023-09 for fiscal year 2026 and applied its provisions on a prospective basis. Other than the enhanced disclosure requirements, ASU 2023-09 did not have an impact on the Company's consolidated financial statements. Refer to Note 15, "Income Taxes", for additional information. Recently Issued Accounting Pronouncements In November 2025, the FASB issued ASU No. 2025-09, "Derivatives and Hedging (Topic 815): Hedge Accounting Improvements," which includes amendments intended to more closely align hedge accounting with the economics of an entity's risk management activities. The amendments will be effective for the Company's annual reporting periods beginning in fiscal year 2028 and for interim periods within fiscal year 2028. Early adoption is permitted and the amendments should be applied prospectively. The Company is currently evaluating the ASU to determine its impact on its consolidated financial statements and notes thereto. In September 2025, the FASB issued ASU No. 2025-06, "Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software", which modernizes the accounting for the costs of software developed for internal use and clarifies related disclosure requirements. The amendments remove all references to software development stages, requiring companies to start capitalizing software costs when (i) management has authorized and committed to funding the software project and (ii) it is probable that the project will be completed and the software will be used to perform the function intended. The amendments will be effective for the Company's annual reporting periods beginning in fiscal year 2029 and for interim periods within fiscal year 2029. Early adoption is permitted. The amendments may be applied either prospectively or retrospectively. The Company is currently evaluating the ASU to determine its impact on its consolidated financial statements and notes thereto. In November 2024, the FASB issued ASU No. 2024-03, "Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses", which is intended to improve the disclosures about expenses and address requests from investors for more detailed information about the types of costs and expenses included in certain expense captions presented on the income statement. The amendments will be effective for the Company's annual reporting periods beginning in fiscal year 2028 and for interim periods beginning in fiscal year 2029, with early adoption permitted. The amendments may be applied retrospectively to all prior periods presented in the financial statements or prospectively upon adoption. The Company is currently evaluating the ASU to determine its impact on the Company's disclosures.

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Narrative (Details) $ in Millions	12 Months Ended
	Jun. 27, 2026 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative gain in AOCI reclassified into earnings within next 12 months	$ 16.3

SHARE-BASED COMPENSATION - Schedule of Option Activity (Details) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Jun. 27, 2026 USD ($) $ / shares shares
Number of Options Outstanding
Outstanding, beginning balance (shares) \| shares	5.2
Granted (shares) \| shares	0.2
Exercised (shares) \| shares	(1.6)
Forfeited or expired (shares) \| shares	0.0
Outstanding, ending balance (shares) \| shares	3.8
Vested and expected to vest (shares) \| shares	3.8
Exercisable (shares) \| shares	2.1
Weighted- Average Exercise Price per Option
Outstanding, beginning balance (USD per share) \| $ / shares	$ 33.97
Granted (USD per share) \| $ / shares	99.91
Exercised (USD per share) \| $ / shares	32.60
Forfeited or expired (USD per share) \| $ / shares	38.93
Outstanding, ending balance (USD per share) \| $ / shares	38.29
Vested or expected to vest (USD per share) \| $ / shares	38.25
Exercisable (USD per share) \| $ / shares	$ 32.63
Weighted- Average Remaining Contractual Term (in years)
Outstanding	6 years 2 months 12 days
Vested or expected to vest	6 years 2 months 12 days
Exercisable	5 years
Aggregate Intrinsic Value
Outstanding \| $	$ 406.1
Vested or expected to vest \| $	404.1
Exercisable \| $	$ 241.5

LEASES - Schedule of Weighted-Average (Details)	Jun. 27, 2026	Jun. 28, 2025
Operating leases:
Weighted average remaining lease term (years)	7 years 4 months 24 days	7 years 4 months 24 days
Weighted average discount rate	4.40%	4.40%

INCOME TAXES - Schedule of Effective Income Tax Rate Reconciliation Prior to Adoption of ASU 2023-09 (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
Amount
Tax expense at U.S. statutory rate	$ 390.7	$ 45.3	$ 212.5
State taxes, net of federal benefit	33.4	5.5	18.1
Effects of foreign operations		19.8	20.5
Effects of tax credits, acquisition costs and reorganization costs		(95.5)	(64.6)
Effects of impairment		51.3	0.0
Share-based compensation		(7.8)	2.3
Other, net	(11.4)	14.3	7.1
Taxes at effective worldwide rates	$ 332.9	$ 32.9	$ 195.9
Percentage
Tax expense at U.S. statutory rate	21.00%	21.00%	21.00%
State taxes, net of federal benefit	1.80%	2.50%	1.80%
Effects of foreign operations		9.20%	2.00%
Effects of tax credits, acquisition costs and reorganization costs		(44.20%)	(6.40%)
Effects of impairment		23.70%	0.00%
Share-based compensation		(3.60%)	0.20%
Other, net	(0.60%)	6.60%	0.80%
Taxes at effective worldwide rates	17.90%	15.20%	19.40%
Tax Jurisdiction of Domicile [Extensible Enumeration]	United States	United States

SUPPLEMENTAL BALANCE SHEET INFORMATION (Details) - USD ($) $ in Millions	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024	Jul. 01, 2023
Property and equipment
Land and building	$ 8.1	$ 8.1
Machinery and equipment	50.6	53.0
Software and computer equipment	542.5	564.1
Furniture and fixtures	302.8	288.1
Leasehold improvements	793.6	750.4
Construction in progress	68.7	40.8
Less: accumulated depreciation	(1,264.2)	(1,215.0)
Total property and equipment, net	502.1	489.5
Accrued liabilities
Payroll and employee benefits	238.1	224.4
Accrued freight	85.1	38.3
Accrued marketing	47.9	84.1
Other accrued liabilities	383.8	390.1
Total accrued liabilities	754.9	736.9
Other liabilities
Gross unrecognized tax benefit	115.7	110.7	$ 115.8	$ 91.8
Long-term derivative liabilities	224.5	256.1
Other	196.4	135.7
Total other liabilities	$ 536.6	$ 502.5

EARNINGS PER SHARE - Schedule of Calculation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
Earnings Per Share [Abstract]
Net income (loss)	$ 1,527.7	$ 183.2	$ 816.0
Weighted-average basic shares (shares)	204.0	216.8	229.2
Effect of dilutive securities (shares)	6.2	5.7	4.0
Weighted-average diluted shares (shares)	210.2	222.5	233.2
Net income (loss) per share:
Basic (USD per share)	$ 7.49	$ 0.84	$ 3.56
Diluted (USD per share)	$ 7.27	$ 0.82	$ 3.50

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

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+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

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+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

DEBT

12 Months Ended

Jun. 27, 2026

Debt Disclosure [Abstract]

DEBT

The following table summarizes the components of the Company’s outstanding debt:


	June 27, 2026		June 28, 2025
	(millions)
Current Debt:
China Credit Facility(1)	$	—	$	16.7
Total Current Debt	$	—	$	16.7

Long-Term Debt:
4.125% Senior Notes due 2027	396.6		396.6
5.100% Senior Notes due 2030	750.0		750.0
3.050% Senior Notes due 2032	500.0		500.0
5.500% Senior Notes due 2035	750.0		750.0
Total long-term debt	2,396.6		2,396.6
Less: Unamortized discount and debt issuance costs on senior notes	(15.9)		(18.7)
Less: Fair value basis adjustment(2)	(1.7)		—
Total long-term debt, net	$	2,379.0	$	2,377.9

(1)The amount outstanding under the China Credit Facility includes the impact of changes in the exchange rate of the United States Dollar against the Renminbi.

(2)Basis adjustment relates to the fair value hedge on a portion of the 5.500% Senior Notes due 2035. Refer to Note 10, "Derivative Instruments and Hedging Activities," for further information.

During fiscal 2026, 2025 and 2024 the Company recognized interest expense related to outstanding debt of $119.3 million, $271.2 million and $369.6 million, respectively.

During fiscal 2026 and fiscal 2024 there was no Loss on extinguishment of debt recognized by the Company. During fiscal 2025 the Company recognized Loss on extinguishment of debt of $120.1 million, primarily related to redemption premiums, as well as unamortized debt issuance costs and discounts, as a result of the redemption of the Capri Acquisition Senior Notes in the second quarter of fiscal 2025.

$2.00 Billion Revolving Credit Facility

On May 22, 2025, the Company entered into a definitive agreement to refinance and replace the Company's unsecured revolving facility dated May 11, 2022 ( the "Existing Revolving Credit Facility") with a new revolving credit facility (the "Amended Revolving Credit Facility"), among the Company, as borrower, Bank of America, N.A., as administrative agent (the “Administrative Agent”), and a syndicate of banks and financial institutions (collectively, the “Lenders”). Under the Amended Revolving Credit Facility, the Lenders have made available to the Company a $2.00 billion unsecured revolving credit facility, including sub-facilities for letters of credit, with a maturity date of May 22, 2030.

Borrowings under the Amended Revolving Credit Facility bear interest at a rate per annum equal to, at the Company’s option, (i) for borrowings in U.S. Dollars, either (a) an alternate base rate or (b) a term secured overnight financing rate, (ii) for borrowings in Euros, the Euro Interbank Offered Rate, (iii) for borrowings in Pounds Sterling, the Sterling Overnight Index Average Reference Rate and (iv) for borrowings in Japanese Yen, the Tokyo Interbank Offer Rate, plus, in each case, an applicable margin. The applicable margin will be adjusted by reference to a grid (the “Pricing Grid”) based on the ratio of (a) consolidated debt (subject to reduction for certain debt incurred in connection with a pending acquisition or for debt being discharged, satisfied or defeased), to (b) consolidated EBITDAR (the “Gross Leverage Ratio”). Additionally, the Company will pay facility fees, calculated at a rate per annum determined in accordance with the Pricing Grid, on the full amount of the Amended Revolving Credit Facility, payable quarterly in arrears, and certain fees with respect to letters of credit that are issued.

Borrowings under the Amended Revolving Credit Facility may be used to finance the working capital needs, capital expenditures, permitted investments, share purchases, dividends and other general corporate purposes of the Company and its subsidiaries (which may include commercial paper back-up). During the second quarter of fiscal 2025, the Company executed $1.00 billion of borrowings under the Existing Revolving Credit Facility used to partially fund the share repurchases under the ASR Agreements and for general corporate purposes. Subsequently, on December 11, 2024, the Company issued $1.50 billion of senior unsecured notes (as defined below, the 2030 and 2035 Senior Notes) and the net proceeds were used in part to repay the borrowings under the Existing Revolving Credit Facility on December 11, 2024. There were no outstanding borrowings on the Amended Revolving Credit Facility as of June 27, 2026.

Term Loan Credit Agreement

During the second quarter of fiscal 2025, the Company entered into a $750.0 million senior unsecured term loan facility pursuant to the Term Loan Credit Agreement (the “Term Loan Credit Agreement”) with Bank of America, N.A., as administrative agent, and the lenders party thereto, and appointed BofA Securities, Inc. and Morgan Stanley Senior Lending, Inc. as joint lead arrangers and joint bookrunners. Borrowings under the Term Loan Credit Agreement were used to partially fund the share repurchases under the ASR Agreements, and for general corporate purposes. Borrowings under the Term Loan Credit Agreement bear interest at a rate per annum equal to, at the Company's option, (i) an alternate base rate or (ii) a rate based on the forward-looking SOFR term rate administered by CME Group Benchmark Administration Limited (or any successor administrator satisfactory to the administrative agent). On November 26, 2024, the Company drew down in full the $750.0 million loan principal under the Term Loan Credit Agreement. The loan was due to mature six months after the date the loan was funded. Subsequently, the Company repaid the borrowings in two tranches with $250.0 million repaid on December 5, 2024 and $500.0 million repaid on December 11, 2024.

Senior Notes

On December 11, 2024, the Company issued $1.50 billion of senior unsecured notes, consisting of $750.0 million aggregate principal amount of 5.100% senior unsecured notes due March 11, 2030 at 99.876% of par (the “5.100% Senior Notes due 2030”) and $750.0 million aggregate principal amount of 5.500% senior unsecured notes due March 11, 2035 at 99.864% of par (the “5.500% Senior Notes due 2035”, together with the 5.100% Senior Notes due 2030, the "2030 and 2035 Senior Notes"). The Company will pay interest semi-annually on the 2030 and 2035 Senior Notes on March 11 and September 11 of each year, commencing on September 11, 2025.

In March 2015, the Company issued $600.0 million aggregate principal amount of 4.250% senior unsecured notes due April 1, 2025 at 99.445% of par (the "4.250% Senior Notes due 2025"). In June 2017, the Company issued $600.0 million aggregate principal amount of 4.125% senior unsecured notes due July 15, 2027 at 99.858% of par (the "4.125% Senior Notes due 2027"). In December 2021, the Company completed a cash tender offer for $296.6 million and $203.4 million of the outstanding aggregate principal amount under its 4.250% Senior Notes due 2025 and 4.125% Senior Notes due 2027, respectively. In addition, in December 2021, the Company issued $500.0 million aggregate principal amount of 3.050% senior unsecured notes due March 15, 2032 at 99.705% of par (the "3.050% Senior Notes due 2032"). On April 1, 2025, the Company completed the redemption of $303.4 million remaining principal of the 4.250% Senior Notes due 2025.

Commercial Paper Program

On July 24, 2025, the Company entered into a commercial paper borrowing program (the "Commercial Paper Program") that provides for the issuance of up to $2.00 billion of unsecured commercial paper notes with maturities up to 365 days. Borrowings under the Commercial Paper Program are supported by the Amended Revolving Credit Facility and may be used to support the Company's general corporate needs. The aggregate amount of borrowings outstanding under the Commercial Paper Program and Amended Revolving Credit Facility will not exceed $2.00 billion. As of June 27, 2026, the Company had no borrowings outstanding under the Commercial Paper Program.

China Credit Facility

On May 20, 2024, the Company entered into a short-term credit facility (“China Credit Facility”) with Citibank, which may be used to fund general working capital needs, not to exceed 12 months, and is subject to annual renewal. The China Credit Facility provides the Company with a maximum facility amount of up to RMB 250.0 million (approximately $37 million), which includes a loan of up to RMB 85.0 million (approximately $13 million), a bank guarantee facility of up to RMB 15.0 million (approximately $2 million) and accounts payable financing of up to RMB 150.0 million (approximately $22 million). Borrowings under the China Credit Facility bear interest at rates based on the People’s Bank of China Loan Prime Rate plus an applicable margin, as determined at the time of each drawdown. As of June 27, 2026, the Company had no borrowings outstanding under the China Credit Facility.

Capri Holdings Limited Acquisition Related Debt Transactions

On November 27, 2023, in order to finance the Capri Acquisition, the Company issued $4.50 billion of senior unsecured notes and €1.50 billion of Euro-denominated senior unsecured notes (the "Capri Acquisition Senior Notes") which, together with the $1.40 billion of delayed draw unsecured term loan facilities (the "Capri Acquisition Term Loan Facilities") executed on August 30, 2023, completed the expected financing for the Capri Acquisition.

On November 13, 2024, the Parties entered into a Termination Agreement, pursuant to which it was agreed that the Merger Agreement was terminated, effective immediately. On November 25, 2024, due to the termination of the Merger Agreement and pursuant to the terms of the Indenture, the Company redeemed all outstanding Capri Acquisition Senior Notes at a redemption price of 101% of the aggregate principal amount, plus accrued and unpaid interest to, but excluding, the date of redemption. In addition, the Capri Acquisition Term Loan Credit Agreement was terminated concurrently with the execution of the Termination Agreement on November 13, 2024. Refer to Note 5, "Acquisitions and Divestitures," for further information.

As a result of the redemption prior to their scheduled maturities, the Company was subject to redemption premiums of $61.2 million paid on the Capri Acquisition Senior Notes. Additionally, the Company recognized $55.0 million of unamortized debt issuance costs and discounts in connection with the redemption of the Capri Acquisition Senior Notes. These redemption premiums, as well as unamortized debt issuance costs and discounts, were recorded as a Loss on extinguishment of debt during the second quarter of fiscal 2025.

Debt Covenants

Under the terms of our debt facilities, we must comply with certain restrictions limiting the Company’s ability to, among other things: (i) incur certain indebtedness, (ii) create certain liens, (iii) enter into certain sale and leaseback transactions, (iv) make certain investments or payments and (v) merge, or consolidate or transfer, sell or lease all or substantially all of the Company’s assets.

Under the Amended Revolving Credit Facility, we are required to comply on a quarterly basis with a maximum net leverage ratio of 4.00:1.00, which may be increased to 4.50:1.00 following the consummation of a material acquisition, subject to certain limitations set forth in the Amended Revolving Credit Facility. As of June 27, 2026, we were in compliance with these restrictions and covenants, met the required financial ratios and satisfied all debt-payment obligations.

Fair Value Considerations


	June 27, 2026		June 28, 2025
	(millions)
4.125% Senior Notes due 2027	$	394.9	$	393.0
5.100% Senior Notes due 2030	757.4		756.8
3.050% Senior Notes due 2032	454.2		443.2
5.500% Senior Notes due 2035	757.7		748.2

Debt Maturities

As of June 27, 2026, the debt maturities for the next five fiscal years and thereafter are as follows:


	Principal
	(millions)
Fiscal Year
2027	$	—
2028	396.6
2029	—
2030	750.0
2031	—
2032 and thereafter	1,250.0
Total	$	2,396.6

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

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+ Details