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) announced a significant licensing extension with EuroItalia for Versace fragrances, lasting 15 more years. Additionally, Michael Kors will enter a new 15-year agreement with EuroItalia, designating them as the exclusive worldwide fragrance licensee for both men’s and women’s products. This collaboration is expected to enhance the growth potential of the Michael Kors fragrance line. Capri's CEO John D. Idol emphasized the success of the Versace fragrance business and the importance of the partnership with EuroItalia.
Capri Holdings Limited (NYSE:CPRI) announced participation in the Goldman Sachs 28th Annual Global Retailing Conference on September 9, 2021, at 10:50 AM Eastern Time. CEO John D. Idol and CFO Thomas J. Edwards will engage in a fireside chat. The event will be available for live streaming on Capri's Investor Relations website, with an archived replay accessible one hour post-event. Capri Holdings is a global fashion luxury group known for its leading brands across various luxury categories, aiming to expand its global presence while preserving brand independence.
Capri Holdings Limited (NYSE: CPRI) has announced the appointment of Joshua Schulman as the new Chief Executive Officer of the Michael Kors brand, effective immediately. He will succeed John D. Idol as CEO of Capri Holdings in September 2022, when Idol transitions to Executive Chairman. Schulman brings extensive experience from roles at Tapestry, Coach, and Neiman Marcus Group. The leadership change aims to ensure a smooth transition and bolster the company’s strategic direction as it continues to expand in the luxury fashion market.
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.