Analysts on Wall Street project that Capri Holdings (CPRI) will announce quarterly earnings of $0.74 per share in its forthcoming report, representing a decline of 34.5% year over year. Revenues are projected to reach $1.17 billion, declining 9.6% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 3.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this per ...

Is Capri stock a buy after its share price plunged? In a stunning turn of events, a judge ruled in favor of the U.S. government and blocked the proposed merger between handbag and fashion rivals Capri Holdings (CPRI -4.25%) and Tapestry (TPR -2.85%). The Federal Trade Commission (FTC) sued to block the merger in April after Tapestry agreed to buy Capri last year, arguing that the combination would hurt consumers and leave less affordable handbag options. The FTC lawsuit was widely viewed as a long shot, as ...

Tapestry's acquisition of Capri has been blocked. In today's video, I will discuss the Tapestry and Capri Holdings (CPRI -48.89%) merger that is currently being blocked. Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of Oct. 25, 2024. The video was published on Oct. 26, 2024. ...

Capri, the parent company of fashion brands Michael Kors and Jimmy Choo, saw its stock tank by more than 50% in pre-market trading on Friday after a federal judge blocked its pending $8.5 billion merger with Coach owner Tapestry.US District Judge Jennifer Rochon struck down the merger that would have seen the two American luxury giants combine to bring Coach, Kate Spade, Versace, Jimmy Choo and Michael Kors under one roof. 4 Michael Kors parent company Capri was blocked from going ahead with an $8.5 billi ...

25 years+ in the financial/investment industry. Former Senior Managing Editor here at Seeking Alpha; the tail end of an ~11 year stint working for SA. Prior to this, I worked as a Treasury Manager for a large commodities firm, where I managed financial liquidity, currency risk hedge portfolios, and investment arbitrage trades. I've also worked in financial performance analytics, trading, and banking. I have a healthy interest in behavioral finance and love a good investment "story" at least as much as a fin ...

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 ...