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Capri Holdings (CPRI) continued to face challenges in the wholesale channel, while the retail outlets performed better in the third quarter of 2024.
Although the revenue and EPS for Capri Holdings (CPRI) give a sense of how its business performed in the quarter ended December 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 $1.20 per share, missing the Zacks Consensus Estimate of $1.74 per share. This compares to earnings of $1.84 per share a year ago.
Beyond analysts' top -and-bottom-line estimates for Capri Holdings (CPRI), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.
Capri Holdings (CPRI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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.