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

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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

FTC lawsuit to block Coach parent from buying Michael Kors owner says deal would deprive consumers of competition

US sues to block Tapestry-Capri $8.5bn merger, citing monopoly concerns

LONDON--(BUSINESS WIRE)--Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today issued the following statement in response to the U.S. Federal Trade Commission's (FTC) unprecedented challenge to the proposed acquisition of Capri by Tapestry, Inc. (NYSE: TPR): “Capri Holdings strongly disagrees with the FTC's decision. The market realities, which the government's challenge ignores, overwhelmingly demonstrate that this transaction will not limit, reduce, or constrain competition.

Capri Holdings Limited Issues Statement on FTC Action Seeking to Block Proposed Transaction with Tapestry, Inc.

The Federal Trade Commission on Monday sued to block Tapestry Inc.'s TPR, -0.76% $8.5 billion acquisition of Capri Holdings CPRI, -1.48%, arguing that a deal would reduce competition and allow Tapestry to dominate the so-called “accessible luxury” handbag market. Shares of Capri were down 0.2% after hours, while Tapestry was up 0.3%.

FTC sues to block Tapestry's acquisition of Capri

NEW YORK--(BUSINESS WIRE)--Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, today issued the following statement in response to the Federal Trade Commission's (FTC) attempt to block its proposed acquisition of Capri Holdings Limited (NYSE: CPRI), a global luxury fashion group consisting of Versace, Jimmy Choo, and Michael Kors: “There is no question that this is a pro-competitive, pro-consumer deal and that the.

Tapestry, Inc. Responds to the FTC's Lawsuit

The U.S. Federal Trade Commission on Monday sued to block Coach parent Tapestry's $8.5 billion deal to buy Michael Kors owner Capri , saying it would eliminate "direct head-to-head competition" between the flagship brands of the two luxury handbag makers.

US sues to block merger of Coach and Michael Kors handbag makers

FTC sues to block Coach parent Tapestry's acquisition of Capri Holdings

The $8.5 billion Tapestry acquisition of Capri Holding deal announced last August is on ice, after the NYT Dealbook broke the news the Federal Trade Commission may sue to block the agreement.

FTC Could Scuttle Tapestry-Capri Merger, Killing Its Ability To Compete In The Luxury Market

The FTC is reportedly planning to file suit to block a merger between luxury fashion firms Tapestry and Capri, the parent companies of several prominent brands like Versace and Coach.

FTC may try to block yet another business merger

The Federal Trade Commission is gearing up to block the proposed merger of Tapestry Inc. and Capri Holdings, the New York Times Dealbook reported on Wednesday, citing two people with knowledge of the matter.

FTC is gearing up to block the proposed merger of Coach parent Tapestry and Michael Kors parent Capri: NYT

The U.S. Federal Trade Commission (FTC) is preparing to sue to block Coach parent Tapestry's $8.5 billion deal to buy Michael Kors owner Capri Holdings , NYT Dealbook reported on Wednesday, citing people familiar with the matter.

US FTC preparing to sue to block $8.5 bln takeover of Capri by Tapestry, NYT Dealbook reports

Coach parent Tapestry's $8.5 billion deal to buy Michael Kors owner Capri Holdings has received regulatory clearance from the European Union and Japan, the companies said on Monday.

Tapestry merger with Versace owner Capri gets EU, Japan approval

The apparel business is one that is wrought with difficulties. Not only are the companies required to constantly adjust to the fickle consumers' clothing preferences, but they are also have to efficiently manage the inventories of these shifting options.

Bear of the Day: Capri Holdings (CPRI)

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Tapestry's latest quarterly earnings exceeded expectations, with management raising full-year EPS guidance. The company is making progress toward closing on its acquisition of Capri Holdings, representing a transformative deal and new growth driver. We are bullish on TPR stock and view shares as still attractively valued even following the rally in recent months.

Tapestry Stock: Plenty Of Positives Beyond The Capri Acquisition

Tapestry, Inc. is buying Capri Holdings Limited for $57 per share, but the deal is facing scrutiny and is trading at a wide spread. The merger between the two companies would create the fourth-largest luxury goods company with a combined market share of around 5%. Analysts see a 70% chance that the Tapestry deal will close, but there are concerns about the relevant market size and Capri Holdings Limited's earnings profile.

Capri Holdings: Market (Mistakenly?) Shows Little Confidence In This Luxury Deal

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While the Houthi attacks on cargo ships in the Red Sea have impacted global supply chains, U.S. retailers are better positioned to deal with the disruption than their European counterparts, according to Moody's Investors Service.

This is what the Red Sea attacks means for U.S. retailers, says Moody's

Capri Holdings (CPRI) continued to face challenges in the wholesale channel, while the retail outlets performed better in the third quarter of 2024.

Capri Holdings (CPRI) Q3 Earnings Miss Estimates, Decline Y/Y

Although the revenue and EPS for Capri Holdings (CPRI) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Capri Holdings (CPRI) Reports Q3 Earnings: What Key Metrics Have to Say

Capri Holdings (CPRI) came out with quarterly earnings of $1.20 per share, missing the Zacks Consensus Estimate of $1.74 per share. This compares to earnings of $1.84 per share a year ago.

Capri Holdings (CPRI) Q3 Earnings and Revenues Lag Estimates

LONDON--(BUSINESS WIRE)--Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced its financial results for the third quarter of Fiscal 2024 ended December 30, 2023. Third Quarter Fiscal 2024 Highlights Revenue decreased 5.6% on a reported basis and 6.6% in constant currency Adjusted operating margin of 12.1% Adjusted earnings per share of $1.20 John D. Idol, the Company's Chairman and Chief Executive Officer, said, "Overall, our performance in the third quarter contin.

Capri Holdings Limited Announces Third Quarter Fiscal 2024 Results

Beyond analysts' top -and-bottom-line estimates for Capri Holdings (CPRI), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.

Ahead of Capri Holdings (CPRI) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Capri Holdings (CPRI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Capri Holdings (CPRI) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

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The disruption caused by Houthi attacks on cargo ships in the Red Sea is forcing U.S. retailers to rethink how back-to-school and holiday shipments are handled, according to the National Retail Federation.

News for Capri Holdings Ltd Stock (CPRI)