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Michael Kors-owner Capri Holdings cut its revenue forecast for 2026 on Wednesday signaling that tariff-related uncertainty was weighing on an already fragile demand for its leather handbags and accessories in North America and Asia.
LONDON--(BUSINESS WIRE)--Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced its financial results for the fourth quarter and full year fiscal 2025 ended March 29, 2025. Fourth Quarter Fiscal 2025 Highlights Revenue decreased 15.4% on a reported basis and 14.1% in constant currency Operating margin of (11.2)%; adjusted operating margin of (3.2)% Loss per share of $(5.44); adjusted loss per share of $(4.90) primarily due to a non-cash tax valuation allowance charge.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Capri Holdings (CPRI), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2025.
Oliver Chen, TD Cowen senior equity research analyst, joins 'The Exchange' to discuss what Kering's earnings are saying about the broader luxury retail space.
Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on the shares of Capri Holdings Ltd CPRI and lowered the price forecast from $23.00 to $17.
CPRI's sale of Versace marks a strategic shift toward core brand growth and enhanced financial strength.
Prada has agreed to buy Versace for $1.38 billion, in a cash deal aimed at strengthening its position as Italy's largest luxury brand. Tommaso Ebhardt has the latest from Milan.
Capri Holdings may have to let go of its image as a luxury fashion house and bank on mid-tier pricing as well as a partnership with Amazon.com for its Michael Kors brand following its $1.4 billion sale of Versace to Prada.
The merger strengthens Italy's hand in a luxury industry led by French conglomerates, the biggest being Louis Vuitton owner LVMH.
Fashion conglomerate Capri Holdings (CPRI) has agreed to sell Italian luxury brand Versace to Prada for almost $1.4 billion, a deal that had been anticipated but reportedly had been at risk of collapsing because of market turmoil in the wake of President Donald Trump's tariffs.