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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.
Capri Holdings (CPRI) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $1.02 per share a year ago.
Capri Holdings' (CPRI) Q4 results might have been hurt by softness in China, rising operating expenses and foreign exchange headwinds. Strength in retail and e-commerce businesses might have been a tailwind.
Capri Holdings is a luxury fashion company comprising three brands; Versace, Jimmy Choo, and Michael Kors. CPRI capitalizes on the strength of its brands to drive its performance and achieve its set targets.
Capri Holdings Limited Announces Reporting Date For Fourth Quarter and Fiscal 2023 Financial Results
LONDON--(BUSINESS WIRE)--Capri Holdings Limited (NYSE: CPRI) today announced that it plans to report its fourth quarter and fiscal year 2023 financial results on Wednesday, May 31, 2023, at approximately 6:45 a.m. ET. The Company also plans to hold a conference call to discuss its financial results the same day at 8:30 a.m. ET. Those who wish to participate in the call may do so by dialing (877) 704-4453 or (201) 389-0920 for international callers, conference ID 13736113. A live webcast of the.
Once Micheal Kors, Capri is up to its old tricks