Welcome to our dedicated page for Capri Holdings news (Ticker: CPRI), a resource for investors and traders seeking the latest updates and insights on Capri Holdings stock.
Capri Holdings Limited (symbol: CPRI) is a global fashion luxury group that designs, markets, and retails branded apparel, footwear, and accessories for both women and men. The company operates through three primary segments: Michael Kors, Versace, and Jimmy Choo. Each brand epitomizes different facets of luxury fashion, offering products from ready-to-wear clothing to high-end footwear and accessories.
Michael Kors is the largest brand under Capri Holdings, widely recognized for its signature handbags, footwear, and apparel. The brand operates over 800 stores globally and also distributes through wholesale and e-commerce channels.
Versace, acquired by Capri in 2018, is renowned for its high-fashion ready-to-wear collections, accessories, and home furnishings. The brand operates through a network of boutiques, department stores, specialty stores, and e-commerce platforms. Versace also licenses its name and trademarks to third parties for products such as jeans, fragrances, watches, and eyewear. As of March 28, 2020, Versace operated 206 retail stores and 824 wholesale doors worldwide.
Jimmy Choo, known primarily for its luxury footwear, was acquired by Capri in 2017. The brand also offers handbags and small leather goods through directly operated stores and its e-commerce site. Similar to Versace, Jimmy Choo licenses its brand name and trademarks to third parties.
Capri Holdings continuously strives to expand its market reach and maintain its stature in the luxury fashion industry. Under the leadership of CEO John Idol since 2003, the company has made significant acquisitions and strategic moves to enhance its portfolio. Financially, Capri Holdings has shown resilience and adaptability in a competitive market landscape.
Capri Holdings (NYSE:CPRI) reported its Q4 and full-year fiscal 2024 results, ending March 30, 2024. Total revenue declined 8.4% YoY to $1.223 billion, with a 7.9% decrease in constant currency. Adjusted EPS was $0.42. The retail channel saw mid-single-digit declines, while wholesale revenue dropped by high teens, influenced by weakened global demand for luxury fashion goods. Gross profit was $767 million at a margin of 62.7%, down from 64.9% last year.
Net loss reached $472 million, or $(4.03) per share, impacted by non-cash impairments. Adjusted net income was $50 million, or $0.42 per share. Cash flow from operations was $44 million, with free cash flow showing a $6 million outflow. For the full year, cash flow from operations totaled $309 million.
The Federal Trade Commission (FTC) has filed a lawsuit to block Capri's acquisition by Tapestry, which Capri plans to contest. No financial guidance was provided due to the pending merger.
Capri Holdings (NYSE: CPRI) announced it will report its fourth quarter and fiscal year 2024 financial results on May 29, 2024, after market close. The company will release the results via press release and will not hold conference calls for future financial results due to its pending acquisition by Tapestry.
FAQ
What is the current stock price of Capri Holdings (CPRI)?
What is the market cap of Capri Holdings (CPRI)?
What does Capri Holdings Limited do?
Which brands are owned by Capri Holdings?
Who is the CEO of Capri Holdings?
When did Capri Holdings acquire Versace?
What products does Versace offer?
How many retail stores does Versace operate?
When did Capri Holdings acquire Jimmy Choo?
What products are sold under the Michael Kors brand?
Through which channels does Michael Kors distribute its products?
How many stores does Michael Kors have worldwide?
