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 (NYSE: CPRI) operates three iconic luxury brands: Michael Kors, Versace, and Jimmy Choo. This news hub provides investors and industry professionals with official updates across all corporate activities, from financial disclosures to brand-specific developments.
Track key updates including quarterly earnings reports, leadership changes, product innovations, and global retail expansions. Our curated feed combines SEC filings with market analyses relevant to CPRI's position in the competitive luxury sector.
Find detailed coverage of Michael Kors' accessible luxury strategies, Versace's haute couture initiatives, and Jimmy Choo's footwear market leadership. The archive includes material events impacting shareholder value, such as mergers, licensing deals, and sustainability programs.
Bookmark this page for streamlined access to Capri Holdings' evolving corporate narrative. Check regularly for updates on cross-brand synergies, digital commerce developments, and responses to luxury market trends affecting CPRI's multi-brand portfolio.
Capri Holdings (NYSE:CPRI) reported its Q4 and full-year fiscal 2024 results, ending March 30, 2024. Total revenue declined 8.4% YoY to $1.223 billion, with a 7.9% decrease in constant currency. Adjusted EPS was $0.42. The retail channel saw mid-single-digit declines, while wholesale revenue dropped by high teens, influenced by weakened global demand for luxury fashion goods. Gross profit was $767 million at a margin of 62.7%, down from 64.9% last year.
Net loss reached $472 million, or $(4.03) per share, impacted by non-cash impairments. Adjusted net income was $50 million, or $0.42 per share. Cash flow from operations was $44 million, with free cash flow showing a $6 million outflow. For the full year, cash flow from operations totaled $309 million.
The Federal Trade Commission (FTC) has filed a lawsuit to block Capri's acquisition by Tapestry, which Capri plans to contest. No financial guidance was provided due to the pending merger.
Capri Holdings (NYSE: CPRI) announced it will report its fourth quarter and fiscal year 2024 financial results on May 29, 2024, after market close. The company will release the results via press release and will not hold conference calls for future financial results due to its pending acquisition by Tapestry.
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