CPRI Stock Recent News
CPRI LATEST HEADLINES
Coach owner Tapestry is acquiring the Versace owner for $8.5 billion, or $57 per share, in an all-cash deal. The growing luxury goods market is getting more competitive.
U.S. stock index futures early Thursday point to gains at the opening bell. Just as well: the S&P 500 SPX has lost ground in six of the last seven sessions.
Walt Disney Co. shares DIS, -0.73% rose 2% after the media giant reported a mixed third-quarter and said it will raise prices on almost all of its streaming packages in an aggressive push to boost profit.
Capri Holdings' (CPRI) Q1 results might have been hurt by softness in retail and wholesale units, rising operating expenses and foreign exchange headwinds. Strength in e-commerce businesses might have been a tailwind.
Capri's share price has underperformed due to weak financial results and a lack of commercial development. The company owns three valuable brands but has faced increased competition and a changing market, with a mediocre response. The business has further improvement ahead but is supported by several opportunities for growth and the strong trajectory of Versace.
Capri Holdings (CPRI) reported earnings 30 days ago. What's next for the stock?
We believe Capri Holdings' strategy to focus on accessories development will pay off. Aside from the APAC upside on Chinese higher expenditure, the company plans to strengthen its North American operation by restyling 100 stores. This was already supportive of Versace. The company's valuation is compelling at the P/E level. Capri Holdings also offers downside protection, given the ongoing buyback.
Capri Holdings' revenue was higher than expected, but profits weren't as good as hoped for on an accounting basis. The company expects meaningful improvements on the top line and the bottom line in the coming year.
CNBC's ‘Halftime Report' investment committee, Jenny Harrington, Joe Terranova, Jason Snipe, and Anastasia Amoroso, discuss Capri Holdings as the company reported a loss of $34 million in its latest earnings report.
The headline numbers for Capri Holdings (CPRI) give insight into how the company performed in the quarter ended March 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.