This story was originally published on CFO.com. To receive daily news and insights, subscribe to our free daily CFO.com newsletter. Stephanie Lewis | Forbes Stephanie Lewis was promoted to the finance chief of Forbes. Lewis joined the media company in 2008 as a financial analyst and has held several leadership roles throughout her tenure, including director of financial reporting and controller. She has been in her most recent role of senior vice president of finance since 2023. Before that, she worked at ...

What happened According to an SEC filing dated February 17, 2026, DME Capital Management, LP increased its position in Capri Holdings (NYSE:CPRI) by 2,080,410 shares during the fourth quarter. The fund's estimated transaction value, based on the quarter's average closing price, was $48.12 million. The total quarter-end position value for Capri rose by $62.80 million, which includes both new share purchases and stock price changes during the period. What else to know DME's move was a buy; Capri now acco ...

Capri Holdings Ltd. has named Tyler Reddien chief financial officer and chief operating officer, effective March 30. Last June, Thomas J. Edwards Jr., executive vice president, chief financial officer and chief operating officer, left the company for a CFO and COO role at Macy’s, and Rajal Mehta, CFO of Michael Kors, assumed the role of interim CFO for Capri during the search. More from WWD Most recently, Reddien was CFO of The Body Shop, before which he held senior leadership posts at Natura &Co. Holdi ...

奢侈品企业如今就像被车灯照到的兔子，手足无措。奢侈品二手市场正迎来临界点，但许多品牌仍不知 该何去何从。 二手交易是奢侈品市场增长最快的领域之一，但品牌尚未找到有效参与方式 作者：卡罗尔・瑞安 根据贝恩公司的预估，去年奢侈品二手市场规模首次突破 500 亿欧元（按当前汇率约合 590 亿美元）。 二手业务增速远超一手新品市场，规模已与奢侈品品牌通过折扣店实现的总交易额相当 —— 而折扣店 是其第三大销售渠道。 为避免卷入法律纠纷，二手商必须尽量少使用品牌商标，仅可在描述商品时使用品牌标识，不得在广告 或社交媒体内容中大面积展示，且在营销中不能营造出与奢侈品品牌存在合作关系的假象。 真正的问题在于每年涌现的数千家小型二手卖家。奢侈品通过社交媒体直播、Shopify 店铺、Vestiaire Collective 等 C2C 平台转售，注重品牌形象的大牌根本无法控制商品的展示方式。 百货商场也纷纷入局，新品与二手奢侈品开始在同一渠道销售。Fashionphile 与尼曼・马库斯达成合 作，顾客可用二手奢侈品置换店内积分，用于购买新品。 波士顿咨询集团数据显示，自 2020 年以来，消费者衣橱中二手商品占比上升 7 ...

Group 1: Company Performance and Ratings - Capri Holdings Limited (NYSE:CPRI) received a rating update from TD Cowen, lowering the price target to $26 from $32 while maintaining a Buy rating, citing better-than-expected fiscal Q3 results but higher expectations holding the stock back [1] - Goldman Sachs cut the price target to $24 from $27 while maintaining a Neutral rating, noting sequential improvement in Michael Kors full-price sales and stronger-than-expected Jimmy Choo performance, but highlighted ongoing wholesale reset and outlet pressure affecting near-term results [2] - UBS also updated its rating, cutting the price target to $22 from $25 and maintaining a Neutral rating, stating that the company is executing self-help initiatives to restore brand momentum, with the fiscal Q3 report indicating that the turnaround is broadly on track, though recovery may take longer than anticipated [3] Group 2: Brand Overview - Capri Holdings Limited manages luxury brands including Jimmy Choo, Versace, and Michael Kors, with the Versace segment covering luxury apparel, accessories, and footwear, while Jimmy Choo focuses on luxury footwear and handbags, and Michael Kors operates through various retail formats including lifestyle stores and e-commerce [4]

Core Viewpoint - Capri Holdings Limited (NYSE:CPRI) is recognized as one of the best consumer stocks to buy according to Wall Street, despite recent price target reductions by analysts [1]. Group 1: Analyst Ratings and Price Targets - TD Cowen analyst Oliver Chen lowered the price target for Capri Holdings to $26 from $32 while maintaining a Buy rating, citing better-than-expected third-quarter results but noting that elevated expectations are limiting stock performance [2]. - Goldman Sachs reduced its price target to $24 from $27 and kept a Neutral rating, highlighting sequential improvement in Michael Kors full-price sales and strong results at Jimmy Choo, but also mentioning ongoing outlet pressure and a wholesale reset affecting near-term performance [3]. - UBS analyst Jay Sole cut the price target to $22 from $25 while maintaining a Neutral rating, indicating that the company's self-help initiatives are on track but the recovery may take longer than previously expected [3]. Group 2: Financial Performance - Capri Holdings reported third-quarter revenue of $1.025 billion, exceeding the $1 billion consensus estimate, with CEO John Idol emphasizing ongoing strategic initiatives at Michael Kors and Jimmy Choo aimed at long-term growth [4]. - The completed sale of Versace has significantly reduced the company's debt, leaving it with $80 million of net debt at the end of the quarter [4]. Group 3: Company Overview - Capri Holdings Limited is involved in the design, marketing, distribution, and retail of branded women's and men's apparel, footwear, and accessories across various global markets including the United States, Canada, Latin America, Europe, the Middle East, Africa, Asia, and Oceania [5].

中新社北京2月14日电 题：马，何以成为东西同赏的"美丽传说"？ 如果说有一匹马，仅听其名便能跨越东西、美丽同赏，那便是——天马(Pegasus)。 作者 李嘉茵 在中国，"天马"的称呼，由汉武帝刘彻叫响。他获得西域大宛的宝马后，作歌咏之，称其为"天马"。家 喻户晓的"马踏飞燕"，便是天马的化身。 西方关于天马的"美丽传说"，也由来已久。希腊神话中的天马珀伽索斯，舒展雪白双翼，成为诗人灵感 的翅膀、英雄征程的伴侣。 除了天马，还有中国神话中背负河图献给伏羲的龙马，北欧神话中穿越生死的八足神驹……传说的原野 上，马是人类文明共享的"神性投影"。 械"龙马"在北京鸟巢外试运行，吸引众多市民观看。中新社记者 杜洋 摄 马成为东西同赏的"美丽传说"，源于它平衡了"现实"与"超现实"。 若把"现实"和"超现实"，比作仪表的两端，马可谓处于表盘中间的存在。它不像鸡犬那般，形象过于具 体；又不像龙凤那般，难免虚无缥缈。 马之美是兼收并蓄的。现实里，马脚踏实地，支撑农耕、游牧与古代军事；想象中，天马行空、马超龙 雀，寄托人类对自由、速度与神性的终极追求。 马的现实形态，是力与美的天然雕塑。 殷墟甲骨文中，就已存在马的象形文字 ...

Group 1 - Several brands reported stable growth or exceeded market expectations, with DTC channels becoming the core growth engine, particularly in North America and China [2] - Under Armour's third-quarter performance exceeded expectations, with adjusted diluted earnings per share of $0.09, significantly better than the expected loss of $0.02 per share [3][4] - Canada Goose's third-quarter revenue grew by 14.2%, driven by strong performance in the Chinese market, which has become a key growth driver [7] Group 2 - Estée Lauder reported a net sales increase of 6% to $4.2 billion, returning to profitability with a net profit of $162 million, attributed to its transformation strategy [8] - Ralph Lauren's third-quarter net profit increased by 21.6% to $361.6 million, with net sales rising by 12% to $2.4 billion, driven by a significant increase in average unit retail price [9][10] - Tapestry's Coach brand saw a 25% increase in sales to $2.1 billion, contributing to record overall performance for the group [15][16] Group 3 - Capri Holdings reported a quarterly revenue of $1.025 billion, exceeding expectations, with a significant reduction in net debt to $80 million [19][20] - The luxury sector is witnessing strategic shifts, with brands like Pandora entering the platinum jewelry market to mitigate silver price volatility [17][18] - Bottega Veneta appointed Emilie Leblanc as the new global marketing and communications director, indicating a focus on stabilizing brand messaging during leadership transitions [22][23] Group 4 - The luxury watch sector is facing challenges, with Richemont considering the sale of Jaeger-LeCoultre due to ongoing performance issues in its watch division [11][12] - Zegna Group reported a slight revenue decline of 1.5% for the fiscal year, with DTC channels showing strong growth while wholesale channels contracted [23][24]

Core Viewpoint - Capri Holdings, owner of Jimmy Choo, reported lower third-quarter sales but exceeded earnings and free cash flow expectations due to a significant reduction in net debt [1][6] Financial Performance - Revenue from continuing operations decreased by 4% year on year to $1.025 billion, or 5.9% at constant currency [1] - Gross profit fell to $623 million, with a margin of 60.8%, down from $674 million and 63.1% previously [2] - Operating margin improved to 4.5% from 2.4%, and net income from continuing activities rose to $57 million from $6 million a year earlier [1][2] - Diluted earnings per share from continuing operations increased to $0.47 from $0.05, with adjusted diluted EPS rising to $0.81 from $0.63 [2] Cash Flow and Debt - Operating cash flow reached $271 million, generating $252 million in free cash flow after $19 million of capital expenditure [2] - Cash and cash equivalents totaled $154 million, with borrowings of $234 million, resulting in net debt of $80 million, down from $1.17 billion a year earlier [3] Brand Performance - Michael Kors reported revenue of $858 million, down 5.6% on a reported basis and 7.3% in constant currency, with an operating income of $119 million and a margin of 13.9% [3] - Jimmy Choo generated revenue of $167 million, up 5% reported and 1.9% in constant currency, with an operating profit of $3 million, recovering from a $6 million loss [3] Regional Sales - Americas sales declined to $646 million from $696 million, EMEA sales increased to $268 million from $256 million, and Asia sales slipped to $111 million from $116 million [4] Year-to-Date Performance - For the nine months ending December 27, 2025, Capri reported revenue of $2.67 billion, down from $2.79 billion in the prior year, with net income attributable to the group reaching $141 million after a $537 million loss previously [4] Future Guidance - Capri issued adjusted guidance for fiscal 2026, projecting revenue of approximately $3.45 billion to $3.475 billion from continuing operations [5] - For Michael Kors, anticipated revenue is around $2.86 billion to $2.87 billion with an operating margin in the high single digits, while Jimmy Choo is forecasted to generate $590 million to $600 million in sales with a negative low single-digit operating margin [5] Management Outlook - The company remains exposed to global macroeconomic conditions, potential tariff increases, inflation, weaker consumer sentiment, and currency fluctuations [6] - Capri Holdings' chairman and CEO expressed confidence in the third-quarter performance and the strategies in place to support a return to growth in fiscal 2027 [6]

Core Insights - The company reported a strong third quarter performance, exceeding expectations, with a focus on strategic initiatives for long-term brand success [1][4][20] - The sale of Versace was completed to strengthen financial foundations and reduce debt, ending the quarter with $80 million in net debt [4][25] - Total company revenue decreased by 4% year-over-year to $1.025 billion, with underlying gross margins expanding by 70 basis points due to improved full-price sell-throughs [4][21][23] Financial Performance - Total revenue for the third quarter was $1.025 billion, a decrease of 4% compared to the previous year [4][21] - Earnings per share increased approximately 30% to 81 cents [4] - Gross margin was reported at 60.8%, a decline of 230 basis points, but underlying gross margin expanded by 70 basis points [23][24] Brand Performance - Michael Kors revenue decreased by 5.6% year-over-year, with a modest sequential improvement in retail sales trends [5][22] - Jimmy Choo revenue increased by 5% year-over-year, driven by strong brand momentum and improved retail sales [14][22] - Retail sales for Michael Kors in Europe increased mid-single digits, while The Americas and Asia saw declines [6][22] Strategic Initiatives - The company is focused on enhancing brand desirability through storytelling and luxury product offerings [1][14] - A significant reduction in promotional activity has led to healthier sales mixes and higher average unit retail prices (AURs) [6][11] - The store renovation plan aims to redefine the luxury retail experience, with plans to renovate approximately 50% of the store fleet over the next three years [13] Consumer Engagement - The company has leveraged advanced data analytics to strengthen consumer engagement, resulting in an 8% year-over-year increase in the Michael Kors global consumer database [10] - Influencer-driven content has significantly increased, contributing to a nearly 300% rise in impressions and engagement [10][17] - Jimmy Choo's holiday campaign reached approximately 150 million consumers across social media platforms, enhancing brand awareness [16] Future Outlook - The company anticipates a return to growth in fiscal 2027, supported by strategic initiatives and improved retail trends [20][27] - Revenue guidance for fiscal 2026 is set between $3.45 billion and $3.475 billion, with expectations for gross margin expansion [26][27] - The focus remains on disciplined expense management and leveraging brand strengths to drive sustainable growth [27][79]