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) has announced the appointment of Joshua Schulman as the new Chief Executive Officer of the Michael Kors brand, effective immediately. He will succeed John D. Idol as CEO of Capri Holdings in September 2022, when Idol transitions to Executive Chairman. Schulman brings extensive experience from roles at Tapestry, Coach, and Neiman Marcus Group. The leadership change aims to ensure a smooth transition and bolster the company’s strategic direction as it continues to expand in the luxury fashion market.
Capri Holdings Limited (NYSE:CPRI) reported a remarkable 178% increase in revenue for Q1 fiscal 2022, totaling $1.25 billion. Adjusted gross margin expanded by 90 basis points, achieving 20.8% operating margin. Adjusted EPS reached $1.42, prompting a raised full-year EPS outlook to $4.50. All three luxury brands—Versace, Jimmy Choo, and Michael Kors—exceeded expectations, driven by heightened consumer engagement. The company anticipates continued growth, although it refrains from providing comparable store sales due to COVID-19 impacts.
Capri Holdings Limited (NYSE: CPRI) will report its first quarter fiscal 2022 financial results on July 30, 2021, at 6:45 a.m. ET. A conference call will follow at 8:30 a.m. ET to discuss the results. Participants can join via phone or listen to a live webcast on the company’s website. Replays of the call will be available until August 6, 2021. Capri Holdings is a global luxury fashion group, featuring renowned brands across various categories, including accessories, footwear, and fragrances.
Capri Holdings Limited (NYSE:CPRI) has raised its Fiscal 2022 revenue guidance to approximately $5.15 billion from $5.10 billion, driven by strong first-quarter sales. Adjusted earnings per share is now projected to be between $3.80 and $3.90, up from the previous range of $3.70 to $3.80. The company expresses confidence in future growth, crediting the reopening of the global economy and positive performance across its luxury brands. These updates were announced ahead of the Company’s Virtual Investor Day.
Capri Holdings Limited (NYSE:CPRI) announced a virtual investor meeting on June 29, 2021, at 9:00 a.m. EDT. The meeting will feature key presentations from executives, including John Idol and Tom Edwards, and will conclude with a Q&A session around 11:30 a.m. EDT. Interested participants can access the live video webcast and accompanying slides on Capri's Investor Relations website. An archived replay will be available after the event's conclusion, allowing investors to catch up on the discussions.
Capri Holdings Limited (NYSE:CPRI) has announced the promotion of Jenna A. Hendricks to Senior Vice President, Chief People Officer, effective June 1, 2021. Hendricks, who joined Michael Kors 17 years ago, will lead the global human resources team across all Capri brands. Her history of supporting brand expansion and diversity initiatives positions her as a key player in shaping the company's human resource strategy. CEO John D. Idol praised her contributions, emphasizing that her vision will be crucial for Capri's growth and employee engagement.
Capri Holdings Limited (NYSE:CPRI) reported its financial results for Q4 and the full fiscal year 2021, ending March 27, 2021. Total revenue stood at $1.2 billion, flat compared to the previous year, with retail sales climbing 13%. Adjusted gross margin increased by 280 basis points, while adjusted earnings per share reached $0.38. Notably, e-commerce sales surged approximately 80%. Despite a net loss of $183 million, the company expressed optimism for fiscal 2022, projecting total revenue of about $5.1 billion and a diluted EPS of $3.70 to $3.80.
Capri Holdings Limited (NYSE:CPRI) announces the appointment of Marilyn Crouther to its Board of Directors effective June 1st. With over 30 years in IT and finance, Crouther brings significant experience from her previous roles at DXC Technology and Hewlett Packard. She aims to support Capri's growth strategy and enhance shareholder value. Additionally, M. William Benedetto will retire at the upcoming annual shareholder meeting, with Robin Freestone stepping in as Lead Director. Capri Holdings, known for its luxury fashion brands, focuses on global market expansion.
Capri Holdings Limited (NYSE: CPRI) will release its fourth quarter and fiscal year 2021 financial results on May 26, 2021, at 6:45 a.m. ET, followed by a conference call at 8:30 a.m. ET. Interested participants can join via phone or a live webcast on its website. A replay of the call will be available until June 2, 2021. Capri Holdings is recognized for its leading luxury brands across various fashion categories, aiming to enhance global brand reach while preserving their unique identities.
Capri Holdings Limited (NYSE: CPRI) has appointed Alejandro Martinez-Galindo as the new Chief Information Officer, effective March 8, 2021. Reporting to EVP Thomas Edwards, Martinez-Galindo brings extensive experience from his previous role as CIO at Walgreens and various leadership positions at General Motors. His expertise in retail digital transformations and data analytics is expected to enhance Capri's digital and e-commerce strategies. Edwards emphasized Martinez-Galindo's capability to drive significant business results, aligning with Capri's goal of increasing consumer engagement.
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