The Latest Breaking News from Capri Holdings

According to Benzinga Pro, during Q4, Capri Holdings (NYSE:CPRI) earned $81.00 million, a 74.92% increase from the preceding quarter. Capri Holdings's sales decreased to $1.49 billion, a 7.27% change since Q3.

Over the past 3 months, 8 analysts have published their opinion on Capri Holdings (NYSE:CPRI) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Analysts have provided the following ratings for Capri Holdings (NYSE:CPRI) within the last quarter:

Capri Holdings Ltd (NYSE: CPRI) stated that Joshua Schulman, CEO of Michael Kors, will leave the company. The company did not disclose any reasons for the exit. The company said John D. Idol will remain as the company's Chairman and CEO.

Over the past 3 months, 4 analysts have published their opinion on Capri Holdings (NYSE:CPRI) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

According to Benzinga Pro, during Q3, Capri Holdings (NYSE:CPRI) earned $323.00 million, a 61.5% increase from the preceding quarter. Capri Holdings also posted a total of $1.61 billion in sales, a 23.77% increase since Q2.

  Capri Holdings (NYSE:CPRI) reported its Q3 earnings results on Wednesday, February 2, 2022 at 06:45 AM. Here's what investors need to know about the announcement.

The apparel industry is benefiting from the increasing disposable income of the middle-class and millennials’ shifting preference toward branded apparel and accessories. Moreover, the apparel manufacturers’ increasing focus on providing personalized solutions and consumers’ growing inclination toward online shopping should drive the industry’s growth. Thus, fashion stocks Capri Holdings (CPRI),…