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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 CAPRI HOLDINGS LTD FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 29, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-35368 (Exact Name of Registrant as Specified in Its Charter) British Virgin Islands N/A (State or other jurisdiction of ...

Exhibit 99.1 Capri Holdings Limited Announces First Quarter Fiscal 2025 Results London — August 8, 2024 — Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced its financial results for the first quarter of Fiscal 2025 ended June 29, 2024. First Quarter Fiscal 2025 Highlights • Revenue decreased 13.2% on a reported basis and 12.1% in constant currency • Adjusted operating margin of 1.5% • Adjusted earnings per share of $0.04 John D. Idol, the Company's Chairman and Chief Executi ...

Analysts on Wall Street project that Capri Holdings (CPRI) will announce quarterly earnings of $0.59 per share in its forthcoming report, representing a decline of 20.3% year over year. Revenues are projected to reach $1.15 billion, declining 6.5% from the same quarter last year. The current level reflects a downward revision of 4.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projectio ...

Mariakray/iStock via Getty Images Overview Capri Holdings (NYSE:CPRI), which owns the Michael Kors, Jimmy Choo, and Versace brands, represents a great investment at today's price of $33.55 per share. In August 2023, Tapestry (TPR), which owns the Coach, Kate Spade, and Stuart Weitzman brands, made an offer to acquire CPRI for $57 per share, or a 70% premium to Capri's current share price. While the FTC has sued to block this merger (more on this later), even if the deal does not go through, Capri's current ...

Total revenues of $1,223 million slightly fell short of the Zacks Consensus Estimate of $1,295 million and decreased 8.4% year over year. On a constant-currency basis, total revenues declined 7.9%. The retail sales experienced a mid-single-digit decline owing to soft demand for luxury fashion items. In the wholesale sector, revenues fall by a high-teen percentage primarily due to muted demand in the Americas and EMEA regions. Adjusted gross profit decreased approximately 11.1% year over year to $767 million ...