Capri Holdings (CPRI) Q4 Earnings Lag Estimates, Sales Dip Y/Y
Capri (CPRI) ZACKS·2024-05-30 21:26
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 ...