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

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

Deal brings brands Kate Spade, Stuart Weitzman, Jimmy Choo and Versace all under one roof

Coach parent Tapestry to buy Michael Kors owner in $8.5bn deal

Coach, Kate Spade, Stuart Weitzman, Versace, Jimmy Choo and Michael Kors will now all be owned by fashion conglomerate Tapestry.

Coach And Michael Kors Owners Merge In $8.5 Billion Deal To Create New U.S. Luxury Fashion Empire

Coach parent Tapestry is buying Michael Kors, Versace owner Capri Holdings for $8.5 billion. CPRI stock soars 58%, TPR stock retreats.

Michael Kors Parent Spikes 58%. But Are Versace, Jimmy Choo Worth $8.5 Billion?

Michael Kors and Kate Spade are about to become siblings.

Coach and Versace's parent companies are combining in an $8.5 billion deal

An $8.5bn deal is bringing the Jimmy Choo and Kate Spade brands under one roof. Tapestry Inc (NYSE:TPR), the parent company of Kate Spade and Coach, has announced its intention to acquire Capri Holdings.

Tapestry's $8.5bn Capri deal places Jimmy Choo and Kate Spade under the same roof

Capri (NYSE: CPRI ) stock is rocketing higher on Thursday following reports that Tapestry (NYSE: TPR ) may be planning to acquire the luxury goods company. According to these reports, insiders close to the deal claim it could be announced as early as today.

Why Is Capri (CPRI) Stock Up 58% Today?

Tapestry, the fashion house behind Coach and Kate Spade, announced plans to acquire Michael Kors' parent company Capri Holdings in a $8.5 billion deal.

Coach owner Tapestry to acquire Michael Kors, Jimmy Choo parent Capri Holdings for $8.5 billion

The theory is that more brands makes a company more efficient, powerful and profitable. But it doesn't always work out that way and history offers some cautionary tales.

Coach Owner's Takeover Of Michael Kors And Versace Won't Create Another LVMH Or Kering

Fashion company Tapestry Inc. TPR, -0.87%, parent to Coach and Kate Space, said Thursday it has reached an agreement to acquire Capri Holdings Ltd. CPRI, -1.70%, the parent company of Michael Kors, Jimmy Choo and Versace, in an all-cash deal valued at $8.5 billion.

Coach parent Tapestry to acquire Michael Kors parent Capri in cash deal valued at $8.5 billion

NEW YORK--(BUSINESS WIRE)--Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, and Capri Holdings Limited (NYSE: CPRI), a global fashion luxury group consisting of Versace, Jimmy Choo, and Michael Kors, today announced that they have entered into a definitive agreement under which Tapestry will acquire Capri Holdings. Under the terms of the transaction Capri Holdings shareholders will receive $57.00 per share in ca.

Tapestry, Inc. Announces Definitive Agreement to Acquire Capri Holdings Limited, Establishing a Powerful Global House of Iconic Luxury and Fashion Brands

Disney

Walt Disney Co. shares DIS, -0.73% rose 2% after the media giant reported a mixed third-quarter and said it will raise prices on almost all of its streaming packages in an aggressive push to boost profit.

Walt Disney and Capri Holdings shares gain, among other movers

The merger would leave the combined company better placed to compete with the likes of LVMH Moët Hennessy Louis Vuitton and Gucci parent Kering.

Capri Stock Soars as Tapestry Nears Deal to Buy Versace Owner

The deal would be one of the biggest fashion tie-ups in recent years.

Coach Owner Near Deal to Take Over Parent of Michael Kors, Versace

Capri Holdings' (CPRI) Q1 results might have been hurt by softness in retail and wholesale units, rising operating expenses and foreign exchange headwinds. Strength in e-commerce businesses might have been a tailwind.

Factors to Note Ahead of Capri Holdings' (CPRI) Q1 Earnings

LONDON--(BUSINESS WIRE)--Capri Holdings Limited (NYSE: CPRI) today announced that it is rescheduling its first quarter fiscal 2024 earnings release and conference call that were previously scheduled for Tuesday, August 8, 2023. The Company now plans to report its financial results on Thursday, August 10, 2023, at approximately 6:45 a.m. ET and hold a conference call at 8:30 a.m. ET. Those who wish to participate in the call may do so by dialing (877) 704-4453 or (201) 389-0920 for international.

Capri Holdings Limited Updates Reporting Date For First Quarter Fiscal 2024 Financial Results

Capri's share price has underperformed due to weak financial results and a lack of commercial development. The company owns three valuable brands but has faced increased competition and a changing market, with a mediocre response. The business has further improvement ahead but is supported by several opportunities for growth and the strong trajectory of Versace.

Capri Holdings: Too Cheap To Ignore With Further Improvement Ahead

LONDON--(BUSINESS WIRE)--Capri Holdings Limited (NYSE: CPRI) today announced that it plans to report its first quarter fiscal 2024 financial results on Tuesday, August 8, 2023, at approximately 6:45 a.m. ET. The Company also plans to hold a conference call to discuss its financial results the same day at 8:30 a.m. ET. Those who wish to participate in the call may do so by dialing (877) 704-4453 or (201) 389-0920 for international callers, conference ID 13736114. A live webcast of the conference.

Capri Holdings Limited Announces Reporting Date For First Quarter Fiscal 2024 Financial Results

Capri Holdings (CPRI) reported earnings 30 days ago. What's next for the stock?

Capri Holdings (CPRI) Up 4.4% Since Last Earnings Report: Can It Continue?

We believe Capri Holdings' strategy to focus on accessories development will pay off. Aside from the APAC upside on Chinese higher expenditure, the company plans to strengthen its North American operation by restyling 100 stores. This was already supportive of Versace. The company's valuation is compelling at the P/E level. Capri Holdings also offers downside protection, given the ongoing buyback.

Capri Holdings Is Still Attractive, Buy Reiterated

Ralph Lauren

Ralph Lauren Corporation (NYSE:RL) and Capri Holdings, owner of iconic brands that include Versace, Jimmy Choo and Michael Kors, are in the top quartile of the clothing and textile industry when it comes to marketing spend, analysts at UBS said in The 2023 Market Spend Report.  Not only that, but their marketing spend as a percentage of sales has increased by an average of 245 basis points since 2019.

Ralph Lauren and Jimmy Choo owner Capri make the grade with marketing spend, says broker

LONDON--(BUSINESS WIRE)--Capri Holdings (NYSE:CPRI), a global fashion luxury group, today announced a new 3-year partnership with the National Fish and Wildlife Foundation (NFWF) to accelerate the adoption of voluntary regenerative management and conservation practices in the United States, a key leather-sourcing region within the company's supply chain. The initiative is expected to generate $3 million in on-the-ground conservation impact through $1.5 million in funding from Capri Holdings and.

Capri Holdings Announces 3-Year Partnership With the National Fish and Wildlife Foundation to Accelerate the Adoption of Regenerative Agriculture Practices in the United States

Capri Holdings' revenue was higher than expected, but profits weren't as good as hoped for on an accounting basis. The company expects meaningful improvements on the top line and the bottom line in the coming year.

Why Capri Holdings Stock Fell Today

Capri Holdings Limited (NYSE:CPRI ) Q4 2023 Earnings Conference Call May 31, 2023 8:30 AM ET Company Participants Jennifer Davis - Vice President of Investor Relations John Idol - Chairman and Chief Executive Officer Tom Edwards - Chief Financial and Chief Operating Officer Conference Call Participants Matthew Boss - JPMorgan Ike Boruchow - Wells Fargo Brooke Roach - Goldman Sachs Rick Patel - Raymond James Simeon Siegel - BMO Capital Markets Alexandra Straton - Morgan Stanley Dana Telsey - Telsey Advisory Group Lorraine Hutchinson - Bank of America Operator Greetings and welcome to the Capri Holdings Limited Fourth Quarter and Full Year Fiscal 2023 Earnings Call. At this time, all participants are in a listen-only mode.

Capri Holdings Limited (CPRI) Q4 2023 Earnings Call Transcript

Capri Holdings' (CPRI) fourth-quarter fiscal 2023 results reflect a 10.5% decrease in total revenues, owing to lackluster performance from its brands Versace and Michael Kors.

Capri Holdings (CPRI) Q4 Earnings Beat Estimates, Fall Y/Y

The headline numbers for Capri Holdings (CPRI) give insight into how the company performed in the quarter ended March 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

News for Capri Holdings Ltd Stock (CPRI)