Welcome to our dedicated page for Capri Holdings news (Ticker: $CPRI), a resource for investors and traders seeking the latest updates and insights on Capri Holdings stock.
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Capri Holdings responds to the FTC's challenge to the proposed acquisition by Tapestry, Inc., highlighting market dynamics and commitment to defending the case in court.
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Tapestry, Inc. responds to the FTC's lawsuit regarding the proposed acquisition of Capri Holdings The company asserts the deal is pro-competitive and pro-consumer, emphasizing the intense competition in the luxury fashion industry. Tapestry aims to unite with Capri to access a broader consumer base and drive growth for both iconic brands. The company expresses confidence in the transaction's benefits for customers, employees, partners, and shareholders worldwide.
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Capri Holdings Limited (CPRI) announced its financial results for the third quarter of Fiscal 2024, with a 5.6% decrease in revenue. The company's Chairman and CEO, John D. Idol, highlighted the impact of softening demand for fashion luxury goods, with improved sales trends in the retail channel. Versace, Jimmy Choo, and Michael Kors continued to resonate with consumers, adding 10.7 million new consumers across their databases. However, Versace's operating loss was $14 million, and operating margin was (6.2%). Jimmy Choo's operating income was $4 million, and operating margin was 2.4%, while Michael Kors' operating income was $219 million, and operating margin was 21.2%. The pending merger transaction with Tapestry, Inc. will not provide financial guidance.
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Capri Holdings Limited (CPRI) is set to release its third quarter fiscal 2024 financial results on February 8, 2024. Following the pending acquisition by Tapestry, Inc., the company will no longer hold conference calls to review financial results.
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Capri Holdings Limited (CPRI) announces Q2 Fiscal 2024 financial results with an 8.6% revenue decrease. The company also reports an adjusted operating margin of 12.2% and adjusted earnings per share of $1.13. Challenges related to macro-economic headwinds and Ecommerce implementation affected the results.
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Capri Holdings to report Q2 fiscal 2024 results on November 9, 2023
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Capri Holdings announces first quarter results for Fiscal 2024, with revenue decreasing 9.6% and adjusted earnings per share of $0.74. The planned acquisition of Capri Holdings by Tapestry, Inc. is expected to deliver immediate value to shareholders and provide new opportunities for employees. Versace revenue decreased 5.8%, Jimmy Choo revenue increased 6.4%, and Michael Kors revenue decreased 13.8% compared to the prior year.
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Tapestry, Inc. has announced its acquisition of Capri Holdings, bringing together six iconic brands in a new global luxury house. The combined company generated over $12 billion in revenue and nearly $2 billion in adjusted operating profit in the prior fiscal year. The acquisition is expected to be immediately accretive to Tapestry's EPS and offers a significant cost synergy opportunity of over $200 million. The transaction is anticipated to close in 2024.
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Capri Holdings Limited (NYSE: CPRI) has rescheduled its first quarter fiscal 2024 earnings release and conference call. The new date for the financial results is Thursday, August 10, 2023, at approximately 6:45 a.m. ET, followed by a conference call at 8:30 a.m. ET. The call can be accessed by dialing (877) 704-4453 or (201) 389-0920 for international callers, conference ID 13736114. A live webcast will also be available on the Company's website. A replay of the call will be available until August 17, 2023.
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Capri Holdings Limited (NYSE: CPRI) will report its Q1 fiscal 2024 financial results on August 8, 2023, at 6:45 a.m. ET. A conference call will follow at 8:30 a.m. ET. A live webcast and replay will be available on the company's website.
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4.86%
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Capri Holdings Limited
NYSE:CPRI
CPRI Rankings
CPRI Stock Data
4.28B
113.62M
2.47%
87.39%
5.56%
All Other Miscellaneous Textile Product Mills
Manufacturing
United States of America
LONDON
About CPRI
capri holdings limited designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the united states, canada, latin america, europe, the middle east, africa, and asia. the company's versace segment offers ready-to-wear, accessories, footwear, and home furnishings through a distribution network, including boutiques; and department and specialty stores, as well as through versace e-commerce sites. it also licenses versace brand name and trademarks to third parties to retail and/or wholesale its products; and has licensing agreements to the manufacture and sale of jeans, fragrances, watches, and eyewear. as of march 28, 2020, this segment operated 206 retail stores, including concessions; and 824 wholesale doors. its jimmy choo segment sells luxury footwear, handbags, and small leather goods through directly operated jimmy choo stores; and jimmy choo e-commerce sites. it also licenses jimmy choo brand name and trademarks to third parties to r