What is Tapestry, Inc.'s letters of credit outstanding, amount?

Tapestry, Inc. (TPR) reported letters of credit outstanding, amount of $36.30M in Q1 2026.

How has Tapestry, Inc.'s letters of credit outstanding, amount changed year-over-year?

Tapestry, Inc.'s letters of credit outstanding, amount increased by 40.2% year-over-year, from $25.90M to $36.30M.

What is the long-term trend for Tapestry, Inc.'s letters of credit outstanding, amount?

Over 4 years (2021 to 2025), Tapestry, Inc.'s letters of credit outstanding, amount has grown at a -10.1% compound annual growth rate (CAGR), from $40.50M to $26.50M.

What does letters of credit outstanding, amount mean?

The total amount of bank-guaranteed payments the company has committed to.

Other

Letters of Credit Outstanding, Amount

Tapestry, Inc. Letters of Credit Outstanding, Amount increased by 28.7% to $36.30M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 40.2%, from $25.90M to $36.30M. Over 4 years (FY 2021 to FY 2025), Letters of Credit Outstanding, Amount shows a downward trend with a -10.1% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementBalance Sheet Statement

SectionOther

CategoryLiquidity

SignalLower is better

VolatilityStable

First reportedQ4 2015

Last reportedQ1 2026

How to read this metric

An increase suggests higher reliance on external credit facilities to support operational or contractual obligations.

Detailed definition

This represents the total face value of letters of credit issued by the company to guarantee performance or payment to t...

Peer comparison

Common in capital-intensive industries; reflects the company's ability to secure credit and manage counterparty risk.

Metric ID: other_letters_of_credit_outstanding_amount

Historical Data

20 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Value	$40.50M	$39.20M	$39.00M	$35.90M	$37.80M	$37.30M	$34.90M	$36.30M	$37.10M	$37.30M	$37.80M	$28.60M	$28.40M	$28.40M	$25.90M	$25.90M	$26.50M	$28.30M	$28.20M	$36.30M
QoQ Change	—	-3.2%	-0.5%	-7.9%	+5.3%	-1.3%	-6.4%	+4.0%	+2.2%	+0.5%	+1.3%	-24.3%	-0.7%	+0.0%	-8.8%	+0.0%	+2.3%	+6.8%	-0.4%	+28.7%
YoY Change	—	—	—	—	-6.7%	-4.8%	-10.5%	+1.1%	-1.9%	+0.0%	+8.3%	-21.2%	-23.5%	-23.9%	-31.5%	-9.4%	-6.7%	-0.4%	+8.9%	+40.2%

Range$25.90M – $40.50M

CAGR-2.3%

Avg YoY Growth-5.1%

Median YoY Growth-5.8%

Frequently Asked Questions

What is Tapestry, Inc.'s letters of credit outstanding, amount?: Tapestry, Inc. (TPR) reported letters of credit outstanding, amount of $36.30M in Q1 2026.
How has Tapestry, Inc.'s letters of credit outstanding, amount changed year-over-year?: Tapestry, Inc.'s letters of credit outstanding, amount increased by 40.2% year-over-year, from $25.90M to $36.30M.
What is the long-term trend for Tapestry, Inc.'s letters of credit outstanding, amount?: Over 4 years (2021 to 2025), Tapestry, Inc.'s letters of credit outstanding, amount has grown at a -10.1% compound annual growth rate (CAGR), from $40.50M to $26.50M.
What does letters of credit outstanding, amount mean?: The total amount of bank-guaranteed payments the company has committed to.