0000000000-20-000940.txt : 20200316 0000000000-20-000940.hdr.sgml : 20200316 20200131133036 ACCESSION NUMBER: 0000000000-20-000940 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20200131 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: TAPESTRY, INC. CENTRAL INDEX KEY: 0001116132 STANDARD INDUSTRIAL CLASSIFICATION: LEATHER & LEATHER PRODUCTS [3100] IRS NUMBER: 522242751 STATE OF INCORPORATION: MD FISCAL YEAR END: 0627 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 10 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 2125941850 MAIL ADDRESS: STREET 1: 10 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: COACH INC DATE OF NAME CHANGE: 20000605 PUBLIC REFERENCE ACCESSION NUMBER: 0001116132-19-000016 LETTER 1 filename1.pdf begin 644 filename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Form 10-K for the Fiscal Year Ended June 29, 2019 Filed August 15, 2019 File No. 001-16153 Dear Mr. Satenstein: We have reviewed your filing and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Form 10-K for the Fiscal Year Ended June 29, 2019 Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations, page 29 1. Your narrative of the year-to-year fluctuations, in the summary and segment performance sections, consistently use the phrase "excluding non-GAAP charges" to refer to the expenses incurred for ERP implementation, integration and acquisition, and the impact of the tax legislation that you excluded as adjustments in your GAAP to Non-GAAP reconciliation. It appears to us that your use of this phrase may be confusing to an investor since the items you are excluding are not non-GAAP charges, but rather certain significant items affecting the comparability of your results of operations. Please revise future filings to eliminate the use of the term "non-GAAP charges" where you discuss the results of operations between periods, and characterize the nature of such charges differently. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Brian Satenstein Tapestry, Inc. January 31, 2020 Page 2 You may contact Dale Welcome at 202-551-3865 or John Cash at 202-551-3768 with any questions. FirstName LastNameBrian Satenstein Sincerely, Comapany NameTapestry, Inc. Division of Corporation Finance January 31, 2020 Page 2 Office of Manufacturing FirstName LastName