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 ...

Capri Holdings Limited (CPRI) came up with fourth-quarter fiscal 2024 results, wherein both the top and bottom lines missed the Zacks Consensus Estimate and declined on a year-over-year basis. Softness in demand for luxury fashion items hurt the company’s performance. While Capri Holdings continued to face challenges in the wholesale channel, the retail channel performed better.Impressively, Versace, Jimmy Choo and Michael Kors brands continued to resonate well with consumers. Better customer engagement res ...

For the quarter ended March 2024, Capri Holdings (CPRI) reported revenue of $1.22 billion, down 8.4% over the same period last year. EPS came in at $0.42, compared to $0.97 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.3 billion, representing a surprise of -5.57%. The company delivered an EPS surprise of -41.67%, with the consensus EPS estimate being $0.72.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stree ...

Capri Holdings (CPRI) came out with quarterly earnings of $0.42 per share, missing the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.97 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -41.67%. A quarter ago, it was expected that this luxury retailer would post earnings of $1.74 per share when it actually produced earnings of $1.20, delivering a surprise of -31.03%.Over the last four quarters, the ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 30, 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) CAPRI HOLDINGS LTD British Virgin Islands N/A (State or o ...

Exhibit 99.1 Capri Holdings Limited Announces Fourth Quarter and Full Year Fiscal 2024 Results London — May 29, 2024 — Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced its financial results for the fourth quarter and full year fiscal 2024 ended March 30, 2024. Fourth Quarter Fiscal 2024 Highlights • Revenue decreased 8.4% on a reported basis and 7.9% in constant currency • Adjusted operating margin of 6.4% • Adjusted earnings per share of $0.42 John D. Idol, the Company’s C ...

Wall Street analysts forecast that Capri Holdings (CPRI) will report quarterly earnings of $0.72 per share in its upcoming release, pointing to a year-over-year decline of 25.8%. It is anticipated that revenues will amount to $1.3 billion, exhibiting a decline of 3% compared to the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

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The Federal Trade Commission said Monday it was suing to block Coach parent Tapestry’s $8.5 billion deal to buy Michael Kors owner Capri, saying it would eliminate competition.This comes at a time when several US lawmakers have sought increased scrutiny from the FTC of several multi-billion dollar deals that might risk higher prices and affect consumers.US antitrust enforcers had also come out with new merger guidelines in December, in a bid to encourage fair, open and competitive markets. 3 Coach parent ...