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) reported a remarkable 178% increase in revenue for Q1 fiscal 2022, totaling $1.25 billion. Adjusted gross margin expanded by 90 basis points, achieving 20.8% operating margin. Adjusted EPS reached $1.42, prompting a raised full-year EPS outlook to $4.50. All three luxury brands—Versace, Jimmy Choo, and Michael Kors—exceeded expectations, driven by heightened consumer engagement. The company anticipates continued growth, although it refrains from providing comparable store sales due to COVID-19 impacts.
Capri Holdings Limited (NYSE: CPRI) will report its first quarter fiscal 2022 financial results on July 30, 2021, at 6:45 a.m. ET. A conference call will follow at 8:30 a.m. ET to discuss the results. Participants can join via phone or listen to a live webcast on the company’s website. Replays of the call will be available until August 6, 2021. Capri Holdings is a global luxury fashion group, featuring renowned brands across various categories, including accessories, footwear, and fragrances.
Capri Holdings Limited (NYSE:CPRI) has raised its Fiscal 2022 revenue guidance to approximately $5.15 billion from $5.10 billion, driven by strong first-quarter sales. Adjusted earnings per share is now projected to be between $3.80 and $3.90, up from the previous range of $3.70 to $3.80. The company expresses confidence in future growth, crediting the reopening of the global economy and positive performance across its luxury brands. These updates were announced ahead of the Company’s Virtual Investor Day.
Capri Holdings Limited (NYSE:CPRI) announced a virtual investor meeting on June 29, 2021, at 9:00 a.m. EDT. The meeting will feature key presentations from executives, including John Idol and Tom Edwards, and will conclude with a Q&A session around 11:30 a.m. EDT. Interested participants can access the live video webcast and accompanying slides on Capri's Investor Relations website. An archived replay will be available after the event's conclusion, allowing investors to catch up on the discussions.
Capri Holdings Limited (NYSE:CPRI) has announced the promotion of Jenna A. Hendricks to Senior Vice President, Chief People Officer, effective June 1, 2021. Hendricks, who joined Michael Kors 17 years ago, will lead the global human resources team across all Capri brands. Her history of supporting brand expansion and diversity initiatives positions her as a key player in shaping the company's human resource strategy. CEO John D. Idol praised her contributions, emphasizing that her vision will be crucial for Capri's growth and employee engagement.
Capri Holdings Limited (NYSE:CPRI) reported its financial results for Q4 and the full fiscal year 2021, ending March 27, 2021. Total revenue stood at $1.2 billion, flat compared to the previous year, with retail sales climbing 13%. Adjusted gross margin increased by 280 basis points, while adjusted earnings per share reached $0.38. Notably, e-commerce sales surged approximately 80%. Despite a net loss of $183 million, the company expressed optimism for fiscal 2022, projecting total revenue of about $5.1 billion and a diluted EPS of $3.70 to $3.80.
Capri Holdings Limited (NYSE:CPRI) announces the appointment of Marilyn Crouther to its Board of Directors effective June 1st. With over 30 years in IT and finance, Crouther brings significant experience from her previous roles at DXC Technology and Hewlett Packard. She aims to support Capri's growth strategy and enhance shareholder value. Additionally, M. William Benedetto will retire at the upcoming annual shareholder meeting, with Robin Freestone stepping in as Lead Director. Capri Holdings, known for its luxury fashion brands, focuses on global market expansion.
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.