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

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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.

Capri Holdings Ltd. CPRI, +8.84% , which store brands include Michael Kors, Versace and Jimmy Choo, said Thursday that it expects to have most of its 455 retail stores in the Americas, as well as in the 318 stores in the Europe, Middle East and Africa region, to be open by early July.

Michael Kors, Versace stores parent Capri to have most stores in Americas reopened by early July

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Michael Kors parent Capri Holdings Ltd. CPRI, +11.73% disclosed Tuesday that it will delay the filing of its annual report, as a result of the COVID-19 pandemic, as it takes advantage of Securities and Exchange Commission rules that are allowing for filing delays of up to 45 days.

Michael Kors parent Capri to delay filing of audited annual report

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Bear of the Day: Capri Holdings Limited (CPRI)

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Shares of the parent of the Michael Kors and Versace brands were crushed by the coronavirus.

Why Shares of Capri Holdings Were Roughed Up in March

Capri Holdings NYSE: CPRI Weekly Chart This morning Capri Holdings (CPRI), the parent company of Michael Kors, released a business update regarding their response to the COVID-19 outbreak. The company announced they are furloughing 7,000 store employees, reducing CAPEX, suspending their share buyback, cutting executive compensation among other actions.

Capri Holdings (CPRI) Adds Financial Protection but Cycle Point Lower

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Capri Holdings (CPRI) decides to cut down on expenses to stay financially strong during the COVID-19 crisis. Also, it intends to restructure the organization by minimizing workforce.

Capri Holdings Announces More Plans to Fight Coronavirus Scare

Michael Kors owner Capri Holdings Ltd  said on Monday it would furlough all its 7,000 employees in North America amid the coronavirus pandemic, as it expects to reopen its stores only after June 1.

Capri furloughs all North America store staff, sees stores reopening only after June 1

Michael Kors owner Capri Holdings Ltd  said on Monday it would furlough all its 7,000 employees in North America amid the coronavirus pandemic, as it expects to open its stores only after June 1.

Michael Kors owner Capri furloughs all North America store staff

Capri Holdings Ltd. CPRI, +14.42% said Monday that it will furlough all 7,000 of its North American retail store workers, effective April 11.

Michael Kors parent will furlough all 7,000 North American retail workers as stores remain shuttered until June 1

With its Versace, Jimmy Choo, and Michael Kors stores closed, the luxury fashion house is hoarding cash.

Capri Holdings' Shares Fall Again After Its Bond Rating Gets Cut to Junk Status

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Macy's Inc. M, -7.74% , Coach-parent Tapestry Inc. TPR, -8.26% and Michael Kors-parent Capri Holdings Ltd.

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News for Capri Holdings Ltd Stock (CPRI)