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 Limited (NYSE:CPRI) reported record first quarter results for Fiscal 2023, ending July 2, 2022. Revenue reached $1.36 billion, up 8.5% year-over-year, with 15.2% growth in constant currency. Adjusted earnings per share (EPS) were $1.50, exceeding expectations. Although gross margin slightly declined to 66.3%, adjusted operating margin improved to 18.5%. Notably, Versace and Jimmy Choo performed strongly, with revenues increasing 14.6% and 21.1% respectively. The company anticipates full-year revenue of approximately $5.85 billion.
Capri Holdings Limited (NYSE: CPRI) will report its first quarter fiscal 2023 financial results on August 9, 2022, at approximately 6:45 a.m. ET. A conference call is scheduled for 8:30 a.m. ET the same day to discuss these results. Interested participants can join via telephone or through a live webcast available on the Company’s website. A replay of the call will be accessible until August 16, 2022.
Capri Holdings Limited (NYSE: CPRI) will host an Investor Day on July 20, 2022, in New York City. The event will kick off at 10:00 a.m. ET and end around 1:00 p.m. ET, featuring presentations from the executive management team, including John Idol and Tom Edwards, along with leaders from its brands Versace, Jimmy Choo, and Michael Kors. In-person attendance requires invitation and registration, while a live video broadcast will be available on the Company’s Investor Relations website.
Capri Holdings Limited (NYSE:CPRI) reported record financial results for FY 2022, with revenue increasing 24.6% to $1.492 billion and adjusted EPS of $1.02. Strong performance across Versace, Jimmy Choo, and Michael Kors contributed to highest gross margin of 64.1% and an operating margin of 14.2%. The company authorized a new $1 billion share repurchase program. For FY 2023, Capri expects total revenue of approximately $5.95 billion, a 5% increase year-over-year, and aims for continued growth despite ongoing macro challenges.
Capri Holdings Limited (NYSE:CPRI) has launched The Versace Foundation with a $10 million commitment to promote LGBTQIA+ equality, wellness, and safety. Announced during Pride Month 2022, the foundation will collaborate with various organizations to support LGBTQIA+ culture and history. Chief Creative Officer Donatella Versace and CEO John D. Idol emphasized the importance of inclusivity and the mission to help the LGBTQIA+ community. This initiative aligns with Capri Holdings' commitment to diversity and inclusion.
Capri Holdings Limited (NYSE: CPRI) will announce its fourth quarter and fiscal year 2022 financial results on June 1, 2022, at approximately 6:45 a.m. ET. A conference call to discuss these results will take place the same day at 8:30 a.m. ET. Interested participants can join the call by dialing (877) 704-4453 or (201) 389-0920 for international calls, using conference ID 13729782. A live webcast will be available on the Company’s website, with a replay option offered until June 8, 2022.
Capri Holdings Limited (NYSE:CPRI) announced a donation of over €1 million in essential clothing from its brands, Versace, Jimmy Choo, and Michael Kors, to support those displaced by the war in Ukraine. The clothing will be distributed through local initiatives in Poland and Ukraine, utilizing collection points set up by Venlo Helps Ukraine. This initiative also involves logistics support from Rutilli, a transportation company, ensuring the seamless delivery of goods to refugees in need.
Capri Holdings Limited (NYSE:CPRI) announced the appointment of Emmanuel Gintzburger as the new Chief Executive Officer of Versace, effective September 12, 2022. Gintzburger previously served as CEO of Alexander McQueen and held senior roles at Saint Laurent and Lanvin. This leadership change aims to accelerate Versace’s growth and enhance its market position. Chairman John D. Idol expressed confidence in Gintzburger's capabilities to drive the brand's success.
Capri Holdings Limited (NYSE:CPRI) announced a participation in the BofA Securities 2022 Consumer and Retail Technology Conference on March 9, 2022, at 12:10 PM ET. The company reiterated guidance for Fiscal Year 2022 and 2023, anticipating approximately $5.56 billion and $6.1 billion in revenue respectively, with stable operating margins around 19%. Expected diluted earnings per share are $6.00 for FY 2022 and $6.60 for FY 2023, showcasing a promising outlook for investors aiming for growth in the luxury fashion segment.
Capri Holdings Limited (NYSE:CPRI) announced the departure of
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