Capri Holdings Ltd

Capri Holdings Ltd. operates as a global fashion luxury group. It engages in the design and distribution of sportswear, accessories, footwear and apparel of branded women's apparel and accessories and men's apparel. The firm operates through the following segments: Versace, Jimmy Choo, and Michael Kors. The Versace segment sells Versace luxury ready-to-wear, accessories, footwear and home furnishings through directly operated Versace boutiques. The Jimmy Choo segment sells Jimmy Choo luxury goods to end clients through directly operated Jimmy Choo stores. The Michael Kors segment sells Michael Kors products through four primary Michael Kors retail store formats such as Collection, Lifestyle, outlet stores, and e-commerce. The company was founded by Michael David Kors on December 13, 2002, and is headquartered in London, the United Kingdom.

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q4 2023

Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Earnings data Q3 2025

CPRI reports strong Q1 earnings but anticipates challenges ahead

CPRI reported strong revenue and earnings growth, but anticipates challenges in the first half of fiscal '24. The company aims to return Versace to growth, stabilize the wholesale business, and focus on direct-to-consumer business for future growth.

Capri Holdings reports Q3 challenges, pivots to retail growth

Capri Holdings faced challenges in Q3 with revenue decline but saw growth in own retail channels. The company is pivoting towards a lower wholesale sales mix and focusing on brand elevation.
Despite wholesale revenue declines and macroeconomic uncertainties, Capri Holdings remains confident in the strength of their luxury brands. They are adjusting strategies to address challenges and capitalize on opportunities.
Gross margin held up well, and the company plans to leverage database growth for marketing efficiencies. With a cautious outlook for Q4, Capri Holdings aims for revenue growth and improved operating margins in fiscal '24.
Strong cash flow performance and plans for continued investment in the business. Anticipate benefits in gross margin next year and outsized growth in China, while addressing challenges in the wholesale business.

Capri Holdings reports record revenue growth, faces wholesale challenges

Capri Holdings' luxury brands, including Versace and Jimmy Choo, drove revenue growth in fiscal '23.
The company faces challenges in wholesale declines and revenue adjustments due to FX changes.
Opportunities lie in future growth prospects for all brands, with a focus on e-commerce and store enhancements.
Strategic initiatives aim to stabilize profitability, align cost structures, and drive long-term growth.

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Capri Holdings Ltd. operates as a global fashion luxury group. It engages in the design and distribution of sportswear, accessories, footwear and apparel of branded women's apparel, and accessories and men's apparel. The firm operates through the following segments: Versace, Jimmy Choo, and Michael Kors. The Versace segment sells Versace luxury ready-to-wear, accessories, footwear, and home furnishings through directly operated Versace boutiques. The Jimmy Choo segment sells Jimmy Choo luxury goods to end clients through directly operated Jimmy Choo stores. The Michael Kors segment sells Michael Kors products through four primary Michael Kors retail store formats such as Collection, Lifestyle, outlet stores, and e-commerce. The company was founded by Michael David Kors on December 13, 2002 and is headquartered in London, the United Kingdom.

Tapestry

The U.S. District Court in the Southern District of New York just blocked the acquisition of Capri Holdings by Tapestry in a suit brought by the Federal Trade Commission (FTC) against the $8.5 billion deal.

FTC Blocks Tapestry-Capri Merger As Tapestry Vows To Fight Saying It's ‘Pro-Consumer'

Viking Therapeutics

US benchmark equity averages rose on Friday as the market ended a three-day losing streak.  At the time of writing, the Dow Jones Industrial Average was up 0.3%, while S&P 500 rose 0.8% from the previous close.

S&P 500, Nasdaq rise sharply ending 3-day losing streak; Viking Therapeutics surge, while Capri's shares slump

Capri Holdings stock has been nearly cut in half Friday after a U.S. judge blocked the retailer's proposed merger with Kate Spade parent Tapestry.

Capri Holdings Stock Craters After Judge Blocks Tapestry Merger: What to Know

A federal court sides with the FTC, which argued that a Tapestry-Capri merger would raise prices for handbags.

Coach-Michael Kors Deal Blocked by Judge

FTC sued to block the deal in April, saying it would eliminate "direct head-to-head competition" between the top two US handbag makers.

Michael Kors owner's stock craters after judge blocks $8.5B merger of top US handbag makers

Capri Holdings' stock has plummeted nearly 50% in post-market trading after Tapestry's proposed acquisition with Tapestry was blocked. Capri has struggled for the past 2 years, largely due to management's inability to integrate brands like Versace and Jimmy Choo, in my belief. Despite operational struggles, Capri's high gross margins suggest that the brands are not damaged, and that improved management could lift shareholder value substantially.

A Refocused Capri Holdings Looks Like A Steal Under $25

Capri Holdings (CPRI) shares are plummeting nearly 50% in premarket trading Friday after a federal judge blocked Coach owner Tapestry's (TPR) $8.5 billion acquisition of the Versace and Michael Kors parent.

Versace Parent Capri Stock Tumbles as Judge Blocks Merger With Coach Owner

Shares of Michael Kors parent Capri unraveled early Friday after a judge blocked its $8.5 billion merger with Coach owner Tapestry.

Michael Kors Parent Craters On Blocked Merger With Tapestry

Shares of Michael Kors owner Capri slumped nearly 46% in premarket trading on Friday after a U.S. judge blocked its pending $8.5 billion merger with handbag maker Tapestry.

Capri shares tumble 46% after US court blocks $8.5 bln merger with Tapestry

A US judge has temporarily halted an $8.5 billion merger betweenTapestry Inc (NYSE:TPR) and Capri, blocking the combination of major fashion brands such as Michael Kors, Kate Spade, and Coach. Judge Jennifer Rochon's decision, issued on Thursday, pauses the deal while the Federal Trade Commission (FTC) completes its review.

Shares in Michael Kors owner Capri tank after $8.5bn Tapestry deal is blocked

LONDON--(BUSINESS WIRE)--Headline of release should read: Capri Holdings Intends to File Notice of Appeal (instead of Capri Holdings Files Notice of Appeal). The updated release reads: CAPRI HOLDINGS INTENDS TO FILE NOTICE OF APPEAL Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today reported that, consistent with the requirements of the merger agreement, it intends to jointly file with Tapestry, Inc. a notice of appeal to the U.S. Court of Appeals for the Second Circuit re.

CORRECTING and REPLACING Capri Holdings Intends to File Notice of Appeal

LONDON--(BUSINESS WIRE)--Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today reported that, consistent with the requirements of the merger agreement, it intends to jointly file with Tapestry, Inc. a notice of appeal to the U.S. Court of Appeals for the Second Circuit regarding the U.S. District Court for the Southern District of New York's decision to grant the U.S. Federal Trade Commission's motion for a preliminary injunction to block Tapestry, Inc.'s pending acquisition.

Capri Holdings Files Notice of Appeal

NEW YORK--(BUSINESS WIRE)--Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands consisting of Coach, kate spade new york, and Stuart Weitzman, today issued the following statement in response to the ruling made by the U.S. District Court in the Southern District of New York regarding Tapestry's proposed acquisition of Capri Holdings Limited (NYSE: CPRI): “Today's decision granting the FTC's request for a preliminary injunction is disappointing and, we believe, incorrec.

Tapestry, Inc. Issues Statement on District Court Ruling

A federal judge on Thursday blocked Tapestry Inc.'s planned $8.5 billion acquisition of Capri Holdings, agreeing with regulators that the deal would hurt competition in the handbag industry.

Stock of Michael Kors owner Capri dives after judge blocks merger with Tapestry

A U.S. judge blocked the pending $8.5 billion merger of U.S. handbag and accessories maker Tapestry and Capri on Thursday, a victory for the U.S. Federal Trade Commission in an industry where merger challenges are rare.

US court blocks Tapestry's $8.5 billion acquisition of rival Capri

A federal court sides with FTC, which argued that merger would raise prices for shoppers of luxury handbags

Judge Blocks Tapestry Deal With Capri

Judge blocks Coach owner Tapestry's proposed acquisition of Michael Kors owner Capri

LONDON--(BUSINESS WIRE)--Capri Holdings Limited (NYSE: CPRI) today announced that it plans to report its second quarter fiscal 2025 financial results on Thursday, November 7, 2024, after the market closes via press release. Given the pending acquisition of Capri Holdings Limited by Tapestry, Inc., the Company does not intend to hold conference calls to review its financial results. About Capri Holdings Limited Capri Holdings is a global fashion luxury group consisting of iconic, founder-led bra.

Capri Holdings Limited Announces Reporting Date For Second Quarter Fiscal 2025 Financial Results

Peloton

Noted short-seller David Einhorn rose to prominence betting against Allied Capital, a private equity firm that offered debt and equity capital to finance leveraged buyouts, acquisitions, and corporate restructurings.

David Einhorn's #1 New Buy That Is Paying Off Big: PTON vs. CPRI

Gap Inc

Investors looking for stocks in the Retail - Apparel and Shoes sector might want to consider either Gap (GAP) or Capri Holdings (CPRI). But which of these two stocks offers value investors a better bang for their buck right now?

GAP vs. CPRI: Which Stock Is the Better Value Option?

The U.S. anti-trust trial over the $8.5 billion bid by luxury goods maker Tapestry to buy Capri concluded on Monday, with Tapestry lawyers citing an "intensely competitive" handbag market in defending against claims that consumers would face higher prices.

US anti-trust trial in Tapestry bid for Capri ends, judge's decision awaited

Fashion designer Michael Kors testified Monday about competition in the handbag industry. The Federal Trade Commission is seeking to block Tapestry's $8.5 billion acquisition of Capri, which would put six brands including Michael Kors and Coach under a single company.

In federal trial, Michael Kors says it's harder to sell handbags in TikTok and Taylor Swift era

Coach's owner Tapestry and Michael Kors' owner Capri are in the courtroom this week for a federal antitrust challenge. The companies are trying to combine into a single company, after announcing the $8.5 million acquisition last year.

Three key questions that will shape whether Coach and Michael Kors owners will merge

Fashion holding company Tapestry has room to raise prices and lower discounts on rival Capri's Michael Kors brand if the companies merged, a top Tapestry executive testified on Tuesday as regulators sought to block the $8.5 billion deal.

Room to hike Kors prices seen in Tapestry-Capri merger, executive testifies

The U.S. Federal Trade Commission will urge a federal judge in New York to block Tapestry's $8.5 billion merger with rival handbag maker Capri Holdings at a trial beginning on Monday, arguing it will eliminate fierce competition in the market for "accessible luxury."

News for Capri Holdings Ltd Stock (CPRI)