CPRI Q2 Earnings & Revenues Miss on Soft Demand, Gross Margin Dips Y/Y
Capri (CPRI) ZACKS·2024-11-08 23:00
Capri Holdings Limited (CPRI) posted drab second-quarter fiscal 2025 results, wherein both top and bottom lines declined year over year and lagged the Zacks Consensus Estimate. The company’s second-quarter results were impacted by a global slowdown in demand for luxury fashion goods. Despite this challenging retail environment, the company remains focused on executing CPRI’s strategic initiatives aimed at delivering long-term, sustainable growth across its three luxury brands. The company also reported a po ...