Capri Holdings (CPRI) Q1 Earnings & Revenues Miss on Soft Demand

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 ...