Federal antitrust regulators are planning to file a lawsuit to block Coach parent Tapestry's $8.5 billion bid to buy Michael Kors owner Capri, according to a report by New York Times Dealbook. The Federal Trade Commission (FTC) is expected to hold a meeting next week to discuss the case, which could lead the commissioners to hold a vote on filing the lawsuit — though the report noted that the agency may decide not to sue.The proposed merger would bring together top luxury brands including Tapestry's Kate Sp ...

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.Capri Holdings (CPRI) , formerly known as Michael Kors Holdings Limited, is a multinational fashion luxury group known for its portfolio of apparel brands, which include Michael Kors, Versace, and Jimmy Choo.Capri Holdings has not been a very good stock to o ...

tupungato Tapestry, Inc. (NYSE:TPR) has captured a new wave of operating and financial momentum, quietly pushing shares to a near 3-year high. The company's latest quarterly report beat expectations, highlighted by expanding margins, turning the page on a challenging last couple of years between the pandemic disruptions and the more recent wave of inflationary cost pressures. It's been a few years since we last covered Tapestry, and while a lot has changed, we sense that the outlook is stronger than ever co ...

For the quarter ended December 2023, Capri Holdings (CPRI) reported revenue of $1.43 billion, down 5.6% over the same period last year. EPS came in at $1.20, compared to $1.84 in the year-ago quarter.The reported revenue represents a surprise of -3.20% over the Zacks Consensus Estimate of $1.47 billion. With the consensus EPS estimate being $1.74, the EPS surprise was -31.03%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -31.03%. A quarter ago, it was expected that this luxury retailer would post earnings of $1.49 per share when it actually produced earnings of $1.13, delivering a surprise of -24.16%.Over the last four quarters, the ...

CAPRI HOLDINGS LTD For the transition period from to Commission file number: 001-35368 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒ Yes ☐ No Indicate by check mark whether the registrant has submitted electroni ...

Wall Street analysts forecast that Capri Holdings (CPRI) will report quarterly earnings of $1.74 per share in its upcoming release, pointing to a year-over-year decline of 5.4%. It is anticipated that revenues will amount to $1.47 billion, exhibiting a decline of 2.5% compared to the year-ago quarter.The current level reflects a downward revision of 9.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised th ...

Capri Holdings (CPRI) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on February 8, 2024, might help the stock move higher if these key numbers are better th ...

A number of retail stocks could be exposed to the fallout from the Houthi attacks on cargo ships in the Red Sea, say analysts. Investor anxiety is “brewing” over ocean shipping rates, according to Wells Fargo. “Concerns around freight costs are rising as Red Sea instability bleeds into the broader shipping complex,” wrote Wells Fargo analyst Edward Kelly, in a note released Friday. “While the situation is fluid, we currently expect a small impact for most, with freight still a tailwind in ’24 overall.”Howev ...

3 PART I - FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS CAPRI HOLDINGS LIMITED AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (In millions, except share and per share data) (Unaudited) During the first quarter of Fiscal 2024, the Company entered into a fixed-to-fixed cross-currency swap agreement with an aggregate notional amount of €150 million to hedge its net investment in British Pound ("GBP") denominated subsidiaries (the "GBP/EUR Net Investment Hedges"). As of Se ...