CPRI Stock Recent News
CPRI LATEST HEADLINES
The company's profits weren't as good as expected.
Revenue fell across the company's luxury brands — Michael Kors, Jimmy Choo and Versace — dragged lower by slowing traffic in China.
Capri Holdings (CPRI) delivered earnings and revenue surprises of -16.74% and 1.77%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Capri Holdings Ltd. stock CPRI, +0.38% slid 19% in premarket trade Wednesday, after the parent of Michael Kors, Jimmy Choo and Versace.
The fashion group, which also owns Jimmy Choo and Michael Kors, posted guidance that missed expectations.
Capri Holdings (CPRI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Capri operates in a large and growing personal luxury market that is relatively resilient to adverse macro headwinds. The company may become a beneficiary of industry consolidation.
LONDON--( BUSINESS WIRE )--Capri Holdings Limited (NYSE: CPRI) today announced that it plans to report its third quarter fiscal 2023 financial results on Wednesday, February 8, 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.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.