Why Capri Holdings Stock Was Falling Today
Capri (CPRI) The Motley Fool·2024-11-09 04:30
Shares of the Michael Kors parent dropped on a disappointing earnings report.In its first earnings report since its merger with Coach parent Tapestry was blocked, Capri Holdings (CPRI -7.53%) had more disappointing news for investors after it missed estimates in its fiscal second-quarter earnings report.As of 2:39 p.m. ET, the stock was down 10.4% on the news. Capri comes up shortThe parent company of Michael Kors, Jimmy Choo, and Versace said that revenue in the quarter fell 16.4% to $1.08 billion, which m ...