CPRI Stock Recent News
CPRI LATEST HEADLINES
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.
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.