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.
Capri Holdings Limited reports developments for a global fashion luxury group built around Michael Kors and Jimmy Choo. Company news centers on quarterly and fiscal results, brand performance, executive appointments, consumer and retail conference participation, and strategic updates following the completed sale of Versace.
Updates also describe product and brand priorities across fashion luxury categories, including handbags, footwear, apparel and accessories, as well as balance-sheet actions, debt reduction and capital-allocation plans tied to the company’s remaining luxury-brand portfolio.
Capri Holdings Limited (NYSE:CPRI) announced its second quarter fiscal 2021 results, reporting a 23.0% decline in revenue to $1.1 billion, an improvement from the prior quarter. E-commerce sales surged by approximately 60%, with positive sales in Mainland China and strong retail sales at Versace. Adjusted earnings per share were $0.90. Operating income increased to $153 million while the adjusted gross margin expanded by 220 basis points. However, the company refrained from providing annual earnings guidance due to ongoing pandemic uncertainties.
Capri Holdings Limited (NYSE: CPRI) will report its Q2 fiscal year 2021 financial results on November 5, 2020, before market open. A conference call to discuss these results is scheduled for the same day at 8:30 a.m. ET, accessible via phone or a live webcast. Participants can dial in at (855) 327-6837 and international callers at (631) 891-4304, using conference ID 10011575. A replay of the call will be available shortly after it concludes until November 12, 2020. Capri Holdings is a leader in luxury fashion, aiming to expand its global brand reach.
Summary not available.