Capri Holdings Limited Stock Price, News & Analysis

Capri Holdings Limited (NYSE:CPRI) announced the appointment of Emmanuel Gintzburger as the new Chief Executive Officer of Versace, effective September 12, 2022. Gintzburger previously served as CEO of Alexander McQueen and held senior roles at Saint Laurent and Lanvin. This leadership change aims to accelerate Versace’s growth and enhance its market position. Chairman John D. Idol expressed confidence in Gintzburger's capabilities to drive the brand's success.

Capri Holdings Limited (NYSE:CPRI) announced a participation in the BofA Securities 2022 Consumer and Retail Technology Conference on March 9, 2022, at 12:10 PM ET. The company reiterated guidance for Fiscal Year 2022 and 2023, anticipating approximately $5.56 billion and $6.1 billion in revenue respectively, with stable operating margins around 19%. Expected diluted earnings per share are $6.00 for FY 2022 and $6.60 for FY 2023, showcasing a promising outlook for investors aiming for growth in the luxury fashion segment.

Capri Holdings Limited (NYSE:CPRI) announced the departure of Joshua Schulman, CEO of Michael Kors. John D. Idol will continue as Chairman and CEO, emphasizing a commitment to executing growth initiatives across its luxury brands. Idol noted strong consumer demand and profitability resulting from pre-pandemic strategies. The company expresses optimism about long-term revenue and earnings growth, reinforcing its goal of enhancing shareholder value.

Capri Holdings Limited (NYSE:CPRI) reported strong financial results for Q3 FY2022, with revenue increasing by 24% year-over-year to $1.6 billion, surpassing expectations. Adjusted earnings per share (EPS) rose to $2.22, prompting the company to raise its full-year adjusted EPS outlook to $6.00, the highest in its history. Operating income soared to $331 million, reflecting a 20.6% margin. The firm anticipates continued double-digit growth in revenue and earnings for FY2023, driven by robust performance across Versace, Jimmy Choo, and Michael Kors.

Capri Holdings Limited (NYSE: CPRI) will report its third quarter fiscal 2022 financial results on February 2, 2022, at 6:45 a.m. ET. A conference call to discuss these results is scheduled for the same day at 8:30 a.m. ET. Participants can join the call by dialing (877) 705-6003 or (201) 493-6725 (international). A live webcast will be available on the company’s website, with a replay accessible shortly after the call until February 9, 2022.

Capri Holdings is a global luxury fashion group with a diverse portfolio, aiming to extend brand reach while maintaining exclusive identities.

Capri Holdings Limited (NYSE:CPRI) released its 2021 Corporate Social Responsibility (CSR) report, outlining its progress in environmental sustainability, human rights, diversity, and philanthropy. The report builds on its 2020 sustainability strategy and highlights commitments such as achieving 100% renewable energy by joining RE100, sourcing 95% of leather from certified tanneries, and pledging $20 million for diversity initiatives. CEO John D. Idol emphasized the company’s mission to be a force for good, showcasing significant contributions during the COVID-19 pandemic.

Capri Holdings Limited (NYSE:CPRI) will participate in a virtual fireside chat at the Morgan Stanley Global Consumer & Retail Conference on December 2, 2021, at 10:15 AM Eastern Time. Executives John D. Idol and Thomas J. Edwards will represent the company. The event will be webcast live on Capri's Investor Relations site, with an archived replay available after the event. Capri Holdings is a global fashion luxury group that includes renowned brands known for design, style, and craftsmanship, aiming to expand its global reach while maintaining brand independence.

Capri Holdings Limited (NYSE:CPRI) has appointed Cedric Wilmotte as the Interim Chief Executive Officer of Versace, effective January 17, 2021. Mr. Wilmotte will work alongside Donatella Versace, Chief Creative Officer, to implement the brand's strategic initiatives until December 31, 2022. With extensive luxury retail experience, including a 13-year tenure at Michael Kors, Mr. Wilmotte is expected to drive Versace's growth strategy. The search for a permanent CEO follows the upcoming departure of Jonathan Akeroyd on March 31, 2022.

Capri Holdings Limited (NYSE:CPRI) reported a strong second quarter for Fiscal 2022, achieving a 17% revenue increase to $1.3 billion and adjusted earnings per share of $1.53, exceeding expectations. The company raised its full-year EPS outlook to $5.30. Adjusted gross margin expanded by 440 basis points to 67.6%. Versace led growth with a 45% revenue increase, while Michael Kors and Jimmy Choo also showed positive results. The Board approved a share repurchase program of up to $1 billion.