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 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.
Capri Holdings Limited (NYSE:CPRI) reported a 17% decline in third-quarter revenue, totaling $1.3 billion, but noted sequential improvement. The company experienced a 65% increase in e-commerce sales and positive retail sales growth in Asia, particularly in Mainland China. Adjusted gross margin expanded by 520 basis points to 64.7%, with adjusted earnings per share at $1.65. The outlook remains optimistic, with anticipated revenue and EPS growth exceeding pre-pandemic levels by fiscal 2023, alongside a $20 million investment in diversity initiatives.
Capri Holdings Limited (NYSE: CPRI) will announce its Q3 fiscal year 2021 financial results on February 3, 2021, before the market opens. A conference call is scheduled for the same day at 8:30 a.m. ET, allowing investors and analysts to discuss the results. Participants can join the call via phone or through a live webcast on the company’s website. A replay of the call will be available until February 10, 2021.
The company focuses on luxury fashion and aims to expand its brand's global presence.
Capri Holdings Limited (NYSE:CPRI) will feature its Chairman and CEO John D. Idol and CFO Thomas J. Edwards in a virtual fireside chat at the Morgan Stanley Global Consumer & Retail Conference on December 2, 2020, at 10:00 AM ET. The event will be accessible via live webcast on the company’s Investor Relations website. Capri Holdings is a luxury fashion group known for its leading brands and aims to enhance its global presence while preserving brand independence.
Capri Holdings Limited (NYSE:CPRI) announced its second quarter fiscal 2021 results, reporting a 23.0% decline in revenue to $1.1 billion, an improvement from the prior quarter. E-commerce sales surged by approximately 60%, with positive sales in Mainland China and strong retail sales at Versace. Adjusted earnings per share were $0.90. Operating income increased to $153 million while the adjusted gross margin expanded by 220 basis points. However, the company refrained from providing annual earnings guidance due to ongoing pandemic uncertainties.
Capri Holdings Limited (NYSE: CPRI) will report its Q2 fiscal year 2021 financial results on November 5, 2020, before market open. A conference call to discuss these results is scheduled for the same day at 8:30 a.m. ET, accessible via phone or a live webcast. Participants can dial in at (855) 327-6837 and international callers at (631) 891-4304, using conference ID 10011575. A replay of the call will be available shortly after it concludes until November 12, 2020. Capri Holdings is a leader in luxury fashion, aiming to expand its global brand reach.
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