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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) will release its fourth quarter and fiscal year 2021 financial results on May 26, 2021, at 6:45 a.m. ET, followed by a conference call at 8:30 a.m. ET. Interested participants can join via phone or a live webcast on its website. A replay of the call will be available until June 2, 2021. Capri Holdings is recognized for its leading luxury brands across various fashion categories, aiming to enhance global brand reach while preserving their unique identities.
Capri Holdings Limited (NYSE: CPRI) has appointed Alejandro Martinez-Galindo as the new Chief Information Officer, effective March 8, 2021. Reporting to EVP Thomas Edwards, Martinez-Galindo brings extensive experience from his previous role as CIO at Walgreens and various leadership positions at General Motors. His expertise in retail digital transformations and data analytics is expected to enhance Capri's digital and e-commerce strategies. Edwards emphasized Martinez-Galindo's capability to drive significant business results, aligning with Capri's goal of increasing consumer engagement.
Capri Holdings Limited (NYSE:CPRI) reported a 17% decline in third-quarter revenue, totaling $1.3 billion, but noted sequential improvement. The company experienced a 65% increase in e-commerce sales and positive retail sales growth in Asia, particularly in Mainland China. Adjusted gross margin expanded by 520 basis points to 64.7%, with adjusted earnings per share at $1.65. The outlook remains optimistic, with anticipated revenue and EPS growth exceeding pre-pandemic levels by fiscal 2023, alongside a $20 million investment in diversity initiatives.
Capri Holdings Limited (NYSE: CPRI) will announce its Q3 fiscal year 2021 financial results on February 3, 2021, before the market opens. A conference call is scheduled for the same day at 8:30 a.m. ET, allowing investors and analysts to discuss the results. Participants can join the call via phone or through a live webcast on the company’s website. A replay of the call will be available until February 10, 2021.
The company focuses on luxury fashion and aims to expand its brand's global presence.
Capri Holdings Limited (NYSE:CPRI) will feature its Chairman and CEO John D. Idol and CFO Thomas J. Edwards in a virtual fireside chat at the Morgan Stanley Global Consumer & Retail Conference on December 2, 2020, at 10:00 AM ET. The event will be accessible via live webcast on the company’s Investor Relations website. Capri Holdings is a luxury fashion group known for its leading brands and aims to enhance its global presence while preserving brand independence.
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.
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