CPRI Stock Recent News
CPRI LATEST HEADLINES
The disruption caused by Houthi attacks on cargo ships in the Red Sea is forcing U.S. retailers to rethink how back-to-school and holiday shipments are handled, according to the National Retail Federation.
Capri Holdings announced fiscal second quarter revenue and earnings below expectations as weakened consumer spending on luxury goods in the Americas and e-commerce implementation challenges weighed on its performance. The luxury fashion group, whose brands include Michael Kors, Versace and Jimmy Choo, reported an 8.6% year-over-year decrease in revenue to $1.29 billion, below Wall Street estimates of $1.33 billion.
Capri Holdings' (CPRI) second-quarter fiscal 2024 results reflect an 8.6% decrease in total revenues, owing to lackluster performance from its Versace, Jimmy Choo and Michael Kors brands.
The headline numbers for Capri Holdings (CPRI) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Rising rates, sticky inflation and the prospect of slowing consumer spending have sparked a flurry of deals in the fashion industry.
Capri Holdings (CPRI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Bill Gross believes investors should avoid stocks right now, which he says are "clearly overvalued." He doesn't think the Fed will be able to engineer a soft landing and so a recession could be ahead.
Tapestry is aiming to acquire Capri Holdings as consolidation in the luxury retail market continues. A merger could help the combined entity compete against much larger fish in this sector.
Although the revenue and EPS for Capri Holdings (CPRI) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Capri Holdings (CPRI) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $1.50 per share a year ago.