Capri Holdings Limited Stock Price, News & Analysis

Capri Holdings (NYSE:CPRI) announced the appointment of Mahesh Madhavan to its Board of Directors, effective March 30, 2023. Madhavan, the CEO of Bacardi Limited with over 25 years of experience, will serve on the Compensation and Talent Committee and the Governance, Nominating and Corporate Social Responsibility Committee. His global leadership background is expected to enhance the Board's strategic vision. Capri Holdings aims to leverage his expertise in driving growth and delivering shareholder value. The Board will now consist of eight directors.

Capri Holdings Limited (NYSE:CPRI) reported its financial results for the third quarter of Fiscal 2023, ending December 31, 2022. The company experienced a 6.0% decrease in total revenue, totaling $1.51 billion, while adjusted earnings per share reached $1.84. The adjusted operating margin stood at 16.9%, a decline from the previous year. Notably, Versace revenue fell 0.8%, and Michael Kors saw a 7.2% drop. Looking ahead, Capri anticipates mid-single-digit revenue and earnings growth for fiscal 2024, with projected total revenue of approximately $5.8 billion.

Capri Holdings Limited (NYSE:CPRI) announced the appointment of Cedric Wilmotte as Chief Executive Officer of the Michael Kors brand, effective April 3, 2023. Wilmotte previously served as interim CEO for Versace and has extensive experience with Michael Kors, leading its EMEA business from 2008 to 2021. Chairman John D. Idol expressed confidence in Wilmotte's leadership to enhance the brand's growth and strategic initiatives. Wilmotte himself emphasized his deep connection to the Michael Kors brand and his commitment to driving future growth.

Capri Holdings Limited (NYSE: CPRI) has announced the scheduling of its third quarter fiscal 2023 financial results, set to be reported on February 8, 2023, at approximately 6:45 a.m. ET. The company will also hold a conference call to discuss these results at 8:30 a.m. ET on the same day. Interested participants can join by dialing (877) 704-4453 or (201) 389-0920 for international calls. A live webcast will also be available on the company’s website, www.capriholdings.com. A replay of the call will be accessible shortly after its conclusion until February 15, 2023.

Capri Holdings Limited (NYSE:CPRI) released its 2022 Corporate Social Responsibility (CSR) report, detailing progress in environmental sustainability, diversity, and philanthropy during Fiscal 2022. Key accomplishments include a 38% reduction in Scope 1 and 2 greenhouse gas emissions since 2019 and alignment of emissions reduction targets with the 1.5°C pathway. The company also achieved a 90/100 score on the Human Rights Campaign's Corporate Equality Index and committed $10 million to the Versace Foundation supporting the LGBTQIA+ community. Capri emphasizes accountability with ESG goals tied to leadership compensation from 2023.

Capri Holdings Limited (NYSE:CPRI) will participate in a fireside chat at the Morgan Stanley Global Consumer and Retail Conference on December 6, 2022, at 11:00 AM Eastern Time. The event will take place at the InterContinental New York Barclay Hotel and will feature Chairman and CEO John D. Idol and CFO Thomas J. Edwards. The session will be webcast live on the company's Investor Relations website, with an archived replay available post-event.

Capri Holdings Limited (NYSE:CPRI) reported strong second-quarter results for Fiscal 2023, with revenue of $1.41 billion, an 8.6% increase year-over-year. Adjusted earnings per share (EPS) reached a record $1.79. The results were driven by robust performance across its luxury brands: Versace, Jimmy Choo, and Michael Kors, bolstered by strategic initiatives. However, the company has adopted a cautious revenue outlook for the remainder of the fiscal year due to macroeconomic uncertainties and impacts from COVID-19 restrictions in China. A new $1 billion share repurchase program was also announced.

Capri Holdings Limited (NYSE: CPRI) announced it will report its second quarter fiscal 2023 financial results on November 9, 2022, at 6:45 a.m. ET. A conference call will follow at 8:30 a.m. ET for discussion of the results. Interested participants can dial (877) 704-4453 or (201) 389-0920 (international). A live webcast will be accessible on www.capriholdings.com. A replay of the call will be available until November 16, 2022, via telephone and webcast.

Capri Holdings Limited (NYSE:CPRI) will have its CEO John D. Idol and CFO Thomas J. Edwards participate in a fireside chat at the Goldman Sachs 29th Annual Global Retailing Conference on September 8, 2022, at 10:30 AM ET in New York City. The event will be available via live webcast on the company's Investor Relations website, with a replay accessible afterward. Capri Holdings is a global luxury fashion group known for brands like Versace, Jimmy Choo, and Michael Kors.