U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 0.3% on Friday.Shares of Capri Holdings Limited CPRI fell sharply in today's pre-market trading following reports that a judge has blocked the company's pending merger with Tapestry.Following an eight-day trial in which the U.S. Federal Trade Commission argued that a merger between Capri and Tapestry would remove competition from the U.S. handbag space, a U.S. judge has moved to block the pending merger, according to Reuters ...

KEY TAKEAWAYS Capri Holdings shares are plummeting nearly 50% in premarket trading Friday after a federal judge blocked Coach owner Tapestry's $8.5 billion acquisition of the Versace and Michael Kors parent. Shares of Tapestry, which also owns the Kate Spade and Stuart Weitzman brands, are surging 15%. Southern District of New York judge Jennifer Rochon granted the FTC's motion for a preliminary injunction to block the proposed merger on the grounds that a combination would hurt competition and lead to high ...

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? We'll need to take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revi ...

Designer Michael Kors poses backstage before the Michael Kors Collection Fall 2017 runway show at Spring Studios on February 15, 2017 in New York City. NEW YORK CITY — In a federal courtroom on Monday, storied fashion designer Michael Kors spoke about the steep challenge of staying relevant in a world where brands can rise and fall based on viral TikTok videos and photos of handbags on the arms of celebrities like Taylor Swift and Beyoncé. Kors kicked off the week of testimony in the antitrust trial in Manh ...

In this article CPRI TPR Pedestrians walk past a Coach store and a Michael Kors store. Scott Olson | Getty Images Just a few miles from the birthplace of Coach in New York City, a federal judge will soon decide whether its owner Tapestry can become a bag behemoth — in a decision that will weigh big questions about how much consumers are paying for goods and the choices they have when they shop. Investors, lawyers and reporters have flocked this week to a courtroom in Manhattan for an antitrust trial over a ...

Retail sector earnings season is about more than the statistics and metrics of your favorite retail brand. It's a window into the evolving dynamics of consumer behavior and the economic forces shaping multiple industries. The interplay between consumer staples and consumer discretionary spending is crucial to understanding these dynamics. Analyzing earnings reports through this lens provides investors with valuable insights into which segments of the economy are thriving and which are facing challenges. Thi ...

Have you evaluated the performance of Capri Holdings' (CPRI) international operations during the quarter that concluded in June 2024? Considering the extensive worldwide presence of this luxury retailer, analyzing the patterns in international revenues is crucial for understanding its financial resilience and potential for growth. In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and growth path. ...

Capri Holdings Limited (CPRI) posted drab first-quarter fiscal 2025 results, wherein both the top and bottom lines declined year over year and lagged the Zacks Consensus Estimate. The company's disappointing results were largely due to a weakening global demand for luxury fashion goods. In response to the challenging conditions in the global retail market, Capri Holdings remains careful about operating expenses and inventory management. CPRI's focus remains on executing strategic initiatives aimed at achiev ...

For the quarter ended June 2024, Capri Holdings (CPRI) reported revenue of $1.07 billion, down 13.2% over the same period last year. EPS came in at $0.04, compared to $0.74 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $1.15 billion, representing a surprise of -7.12%. The company delivered an EPS surprise of -93.22%, with the consensus EPS estimate being $0.59. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Capri Holdings (CPRI) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.74 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -93.22%. A quarter ago, it was expected that this luxury retailer would post earnings of $0.72 per share when it actually produced earnings of $0.42, delivering a surprise of -41.67%. Over the last four quarters, t ...