The U.S. Federal Trade Commission on Monday sued to block the $8.5 billion acquisition of Capri Holdings by Coach and Kate Spade's parent company, Tapestry.The move by regulators brings at least a temporary halt to a deal that would marry two major names in American luxury retail and put six fashion brands under a single company: Tapestry's Coach, Kate Spade and Stuart Weitzman and Capri's Versace, Jimmy Choo and Michael Kors. With the transaction, the luxury brands could be poised to better compete with Eu ...

Tapestry's Coach brand (Photo by Eduardo MunozAlvarez / VIEWpress via Getty Images)Corbis via Getty ImagesThe $8.5 billion Tapestry acquisition of Capri Holding deal announced last August is on ice, after the NYT Dealbook broke the news the Federal Trade Commission may sue to block the agreement.FTC commissioners will meet next week to take up the case, as they consider whether the acquisition could be in violation of anti-trust regulations. On a side note, the European Union and Japan have approved the acq ...

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 ...

公司背景 - Capri Holdings是一个跨国时尚奢侈品集团，旗下拥有Michael Kors、Versace和Jimmy Choo等服装品牌[2] 股价表现 - 过去10年来，Capri Holdings的股价表现不佳，下跌了一半，明显低于市场表现，零售服装子行业的表现也同样糟糕[3] 财务表现 - Capri Holdings的销售额、收益和盈利预期呈下降趋势，自去年初以来持续下滑[4] - 根据Zacks Investment Research的数据，Capri Holdings的盈利预期下调幅度较大，当前季度盈利预期下调了-27.3%，预计同比下降-26%，FY24盈利预期下调了-20.3%，预计同比下降-38%[5] 估值和投资建议 - Capri Holdings目前的一年前瞻盈利倍数为11.9倍，低于市场平均水平，但对于销售和盈利下滑的公司来说并不便宜，10年中位数估值为10.4倍，今年销售预计下降-6.7%[6] - 虽然Capri Holdings拥有一些知名品牌，有可能扭转业务和股票走势，但目前应避免购买该股票，直到看到销售增长或盈利预期趋势出现实质性改善，投资者应寻找其他机会[7]

公司业绩 - Tapestry, Inc.最近发布的季度报告超出预期，收入和非GAAP每股收益均表现良好[3] - Coach品牌销售增长7%，而Kate Spade品牌销售下降6%，Stuart Weitzman品牌表现一般[4] - 公司通过战略调整销售组合，特别是手袋种类的重点，提高了盈利能力[5] - 毛利率达到71.6%，较去年同期提高300个基点，非GAAP运营利润率为22.8%[6] - 公司将全年每股收益指导提高至$4.20至$4.25，预计年增长率约为8.5%[7] - 预计销售增长1%，运营利润率将扩大100个基点，管理层对今年余下时间表示乐观[8] 公司发展 - 公司计划收购Capri Holdings Limited，预计将为公司带来更多增长机会[2] - 收购Capri Holdings将使公司规模扩大，全球影响力增强，预计将带来每年2亿美元的成本协同效应[10] - 公司当前的估值被认为是低估的，可能即将迎来新的增长时代[16] - 公司被评为买入，目标股价为$59.00，对2024年每股收益的14倍估值[17] - 若Capri交易未能完成，公司仍有积极的独立前景，强大的现金流可以支持估值倍数的扩张[17] 风险与挑战 - 风险包括交易被阻止可能带来的波动，以及宏观背景恶化可能影响销售趋势和盈利前景[18]

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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 30, 2023 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 CAPRI HOLDINGS LTD (Exact Name of Registrant as Specified in Its Charter) British Virgin Islands N/A (State or other jurisdiction ...

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 ...