The Latest Breaking News from CPRI

Capri (NYSE:CPRI) reported a return to profitability in its fiscal fourth quarter as management said strategic efforts at Michael Kors and Jimmy Choo are beginning to gain traction, while the company forecast revenue growth and sharply higher earnings in fiscal 2027. On the company’s earnings call,

Capri Holdings Ltd (NYSE:CPRI), a global fashion luxury group, on Tuesday reported its mixed second-quarter financial results.

Despite macroeconomic headwinds, Capri Holdings (CPRI) is well-positioned to maintain its strong business performance, driven by the power of three luxury brands in its portfolio. Read on….

Despite the stubbornly high inflation, consumer spending remains resilient. Experts anticipate robust holiday spending this year, with holiday sales expected to be well above the 10-year average. Amid this, quality retail stocks Walmart (WMT), The TJX Companies (TJX), Capri Holdings (CPRI), and J. Jill (JILL) look poised to soar higher…

Despite a challenging macro environment, the majority of the S&P 500 companies that have reported earnings have exceeded analysts’ expectations. Moreover, economists believe investors shouldn’t panic about a recession. Given the scenario, here are four fundamentally sound stocks with major upside potential for you to consider buying now, Playtika (PLTK),…

Capri Holdings Ltd (NYSE:CPRI) reported fourth-quarter FY22 sales growth of 24.6% to $1.49 billion, beating the consensus of $1.41 billion. Versace revenue increased 34% Y/Y to $315 million, Jimmy Choo revenue rose 25.8% to $156 million, and Michael Kors revenue expanded 21.8% to $1.021 billion. Gross profit rose 29.5% Y/Y to $956 million, and…

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.

United Parcel Service (UPS), MetLife (MET), Capri Holdings (CPRI), and Ralph Lauren (RL) delivered impressive results in their last reported quarter. And even though these stocks have advanced since their companies’ earnings releases, we think they still look undervalued at their current price levels considering their companies’ immense growth prospects.…

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),…