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 strong financial results for Q3 FY2022, with revenue increasing by 24% year-over-year to $1.6 billion, surpassing expectations. Adjusted earnings per share (EPS) rose to $2.22, prompting the company to raise its full-year adjusted EPS outlook to $6.00, the highest in its history. Operating income soared to $331 million, reflecting a 20.6% margin. The firm anticipates continued double-digit growth in revenue and earnings for FY2023, driven by robust performance across Versace, Jimmy Choo, and Michael Kors.
Capri Holdings Limited (NYSE: CPRI) will report its third quarter fiscal 2022 financial results on February 2, 2022, at 6:45 a.m. ET. A conference call to discuss these results is scheduled for the same day at 8:30 a.m. ET. Participants can join the call by dialing (877) 705-6003 or (201) 493-6725 (international). A live webcast will be available on the company’s website, with a replay accessible shortly after the call until February 9, 2022.
Capri Holdings is a global luxury fashion group with a diverse portfolio, aiming to extend brand reach while maintaining exclusive identities.
Capri Holdings Limited (NYSE:CPRI) released its 2021 Corporate Social Responsibility (CSR) report, outlining its progress in environmental sustainability, human rights, diversity, and philanthropy. The report builds on its 2020 sustainability strategy and highlights commitments such as achieving 100% renewable energy by joining RE100, sourcing 95% of leather from certified tanneries, and pledging $20 million for diversity initiatives. CEO John D. Idol emphasized the company’s mission to be a force for good, showcasing significant contributions during the COVID-19 pandemic.
Capri Holdings Limited (NYSE:CPRI) will participate in a virtual fireside chat at the Morgan Stanley Global Consumer & Retail Conference on December 2, 2021, at 10:15 AM Eastern Time. Executives John D. Idol and Thomas J. Edwards will represent the company. The event will be webcast live on Capri's Investor Relations site, with an archived replay available after the event. Capri Holdings is a global fashion luxury group that includes renowned brands known for design, style, and craftsmanship, aiming to expand its global reach while maintaining brand independence.
Capri Holdings Limited (NYSE:CPRI) has appointed Cedric Wilmotte as the Interim Chief Executive Officer of Versace, effective January 17, 2021. Mr. Wilmotte will work alongside Donatella Versace, Chief Creative Officer, to implement the brand's strategic initiatives until December 31, 2022. With extensive luxury retail experience, including a 13-year tenure at Michael Kors, Mr. Wilmotte is expected to drive Versace's growth strategy. The search for a permanent CEO follows the upcoming departure of Jonathan Akeroyd on March 31, 2022.
Capri Holdings Limited (NYSE:CPRI) reported a strong second quarter for Fiscal 2022, achieving a 17% revenue increase to $1.3 billion and adjusted earnings per share of $1.53, exceeding expectations. The company raised its full-year EPS outlook to $5.30. Adjusted gross margin expanded by 440 basis points to 67.6%. Versace led growth with a 45% revenue increase, while Michael Kors and Jimmy Choo also showed positive results. The Board approved a share repurchase program of up to $1 billion.
Capri Holdings Limited (NYSE: CPRI) announced the resignation of Jonathan Akeroyd as CEO of Versace, effective March 31, 2022, to pursue opportunities in the UK. Akeroyd will support the management team during the transition. John D. Idol, Chairman and CEO of Capri Holdings, expressed gratitude for Akeroyd's contributions and noted Versace's strong momentum and strategic initiatives. The company will begin the search for a new CEO to ensure continued success under the leadership of Donatella Versace and the existing management team.
Capri Holdings Limited (NYSE: CPRI) will announce its Q2 fiscal 2022 financial results on November 3, 2021, at 6:45 a.m. ET. A conference call will follow at 8:30 a.m. ET to discuss these results. Participants can join via phone or through a live webcast available on the company’s website. A playback of the call will be accessible until November 10, 2021. Capri Holdings is a global luxury fashion group known for its renowned brands in the luxury market.
Capri Holdings Limited (NYSE:CPRI) announced a significant licensing extension with EuroItalia for Versace fragrances, lasting 15 more years. Additionally, Michael Kors will enter a new 15-year agreement with EuroItalia, designating them as the exclusive worldwide fragrance licensee for both men’s and women’s products. This collaboration is expected to enhance the growth potential of the Michael Kors fragrance line. Capri's CEO John D. Idol emphasized the success of the Versace fragrance business and the importance of the partnership with EuroItalia.
Capri Holdings Limited (NYSE:CPRI) announced participation in the Goldman Sachs 28th Annual Global Retailing Conference on September 9, 2021, at 10:50 AM Eastern Time. CEO John D. Idol and CFO Thomas J. Edwards will engage in a fireside chat. The event will be available for live streaming on Capri's Investor Relations website, with an archived replay accessible one hour post-event. Capri Holdings is a global fashion luxury group known for its leading brands across various luxury categories, aiming to expand its global presence while preserving brand independence.
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