Latest news with #CapriHoldings
Yahoo
27-06-2025
- Business
- Yahoo
Why Is Capri Holdings (CPRI) Down 5.3% Since Last Earnings Report?
It has been about a month since the last earnings report for Capri Holdings (CPRI). Shares have lost about 5.3% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Capri Holdings due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. It turns out, fresh estimates flatlined during the past month. The consensus estimate has shifted 48.57% due to these changes. Currently, Capri Holdings has a subpar Growth Score of D, however its Momentum Score is doing a bit better with a C. Charting a somewhat similar path, the stock was allocated a grade of B on the value side, putting it in the top 40% for this investment strategy. Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in. Capri Holdings has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Capri Holdings Limited (CPRI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
26-06-2025
- Business
- Yahoo
Capri CEO John Idol's Pay Slips to $9.1 Million
John Idol, chairman and chief executive officer of Capri Holdings, saw his total pay slip 14 percent to $9.1 million last year, according to a regulatory filing. Idol received a salary of $1.4 million and incentive pay of $540,000. But most of his take came in the form of stock awards, which were valued at $7 million, although they only really pay off if the company performs in the market. More from WWD Michael Kors and Lance Le Pere Named to the American LGBTQ+ Museum Board of Trustees Prada Group Bolsters Vertical Integration With Strategic Stake in Rino Mastrotto Group Michael Kors and Lance Le Pere Honored by LGBT Fashion Centered Dinner And Capri's stock has been in a tough spot. While Tapestry Inc. agreed to buy the company for $57 a share, the stock fell sharply when the government held up the transaction on anti-trust grounds last year. Shares of Capri were trading below $17 on Tuesday, leaving the company with a market capitalization of less than $2 billion. While Idol's pay was more or less routine for a CEO — his incentive pay was the same as it was the year before, but well below the $4.3 million he took home in fiscal 2023 — there were some interesting details on the pay packages taken home by former executives last year. Thomas Edwards, who had been chief financial and operating officer of Capri, logged a pay package of $4.4 million, including $2.4 million in stock awards, an $800,000 salary and a $1.1 million retention bonus, on paper at least. It turns out, that bonus wasn't enough to retain Edwards as he was named chief financial and operating officer at Macy's Inc. in April. Capri said the bonus was to 'recognize the substantial efforts and time that Mr. Edwards devoted to the previously terminated merger with Tapestry Inc., and to ensure Mr. Edwards' continued employment and dedication to the company.' Since he left early, Edwards received only $800,000 of the award. And Cedric Willmotte, former CEO of the Michael Kors brand, logged pay of $5 million, including $2.5 million in stock awards, a $1.5 million bonus under his 'separation and release agreement' and a $1 million salary. After Willmotte left, Idol stepped back in to lead the turnaround of the Michael Kors brand directly. Michael Kors is the biggest part of Capri, which also owns Jimmy Choo and is in the process of selling Versace to Parada for $1.4 billion. Best of WWD Harvey Nichols Sees Sales Dip, Losses Widen in Year Marred by Closures Nike Logs $1.3 Billion Profit, But Supply Chain Issues Persist Zegna Shares Start Trading on New York Stock Exchange Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
15-06-2025
- Business
- Business Insider
Capri Holdings (CPRI) Receives a Hold from TD Cowen
In a report released on June 12, Oliver Chen from TD Cowen maintained a Hold rating on Capri Holdings (CPRI – Research Report), with a price target of $22.00. The company's shares closed last Friday at $16.54. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Chen is a 4-star analyst with an average return of 5.6% and a 51.00% success rate. Chen covers the Consumer Cyclical sector, focusing on stocks such as Kohl's, Capri Holdings, and Ulta Beauty. In addition to TD Cowen, Capri Holdings also received a Hold from Bernstein's Aneesha Sherman in a report issued on May 29. However, on the same day, Wells Fargo maintained a Buy rating on Capri Holdings (NYSE: CPRI).
Yahoo
28-05-2025
- Business
- Yahoo
Abercrombie, GameStop & bitcoin, Capri: Trending Tickers
Abercrombie (ANF) stock is skyrocketing after the retailer reported an earnings beat and lifted its full-year outlook. GameStop (GME) announced that it has purchased bitcoin (BTC-USD) valued at more than $500 million. Coach's parent company, Capri Holdings (CPRI), is in focus after cutting its fiscal 2026 outlook and posting fourth quarter results that highlighted the potential impact of tariffs. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Now time for some of today's trending tickers. We are watching Abercrombie, GameStop and Capri Holdings. First up, Abercrombie surging after raising its full year outlook. The retailer also reporting better than expected first quarter results as it draws in more shoppers. Take a look at shares up 28% on the back of this earnings report here. A couple of things though to call out here, and I don't I don't want to kind of take all of the wind out of their sails here, but thinking through some of the segment revenue here, you actually did see some declines for Abercrombie. Hollister though putting the team on its back with growth there of about 10 and a half ish percent during the quarter. And then same store sales, this was interesting because net higher by about 37%, but Abercrombie was uh pretty big drag at least within the same store sales percentage declines that they had seen. So, uh that is something worth keeping an eye on. Also the inventory growth, uh clearly they were trying to front run some of the impacts of tariffs. I think that number came in at about 214% inventory growth year-over-year. Yeah, well, and it's really important to know that the stock uh at least prior to this print on Tuesday's close was down over 45% year to date, obviously making up a lot of those gains right now. Uh having said that, it's interesting that in their guidance they know a $50 million hit due to tariffs. It seems like investors are happy to at least have that clarity from the company. The forecast including the estimated impact on tariffs uh come of goods coming in from China, um and all other global imports, that 10% baseline tariff, but it did not include the current reciprocal tariffs that the president announced on his so-called liberation day on April 2nd. So, those are obviously being negotiated right now. Abercrombie did not take that into account. They did take into account a 30% tariff on Chinese imports and a 10% baseline tariff. And the street obviously applauding their ability to do that, but it is fascinating that they're getting such a pat on the back when nobody has clarity on those so-called reciprocal tariffs at this point in time. All right, next up, GameStop is announcing a crypto purchase, acquiring 4,710 Bitcoin. This is the first publicly acknowledged Bitcoin purchase by GameStop since the company did announce plans to move into Bitcoin investments back in March. Shares up a little over 1 and a half percent here, but really interesting. And we've talked with sources about this on the show previously, Brad. The idea that GameStop is sort of trying to position itself as a Bitcoin company going forward. And what is that going to look like, especially given that they've gone through so many iterations, obviously a consumer facing company and then a meme stock, and now potentially the next crypto giant. Yeah, hit the strategy button here. And at the end of the day, as you think about all of the companies that are trying to figure out, okay, on our balance sheet, how much of the investor story and the sentiment is also something that in this Venn diagram might cross over with some of those who are also Bitcoin holders too. The the gamers out there are some of the earliest earliest adopters to cryptocurrency. And so it seems right that GameStop would make a move like this, but why not sooner? Why not earlier? Um, but this is another effort to try and make sure that the stock could be tied into some of the moves of something, well, dare I say fundamental, like just the holdings of crypto here. Yeah, absolutely. Also here we're tracking Capri Holdings, cutting its fiscal 2026 outlook due to uncertainty around tariffs. Still, the Michael Kors owner topped fourth quarter revenue estimates as it's focusing on its turnaround plan. You're taking a look at shares here on the back of this down by about 1 and a quarter percent or 1.2% right now. Um, one of the things that actually caught my eye within Capri and the results that we had seen here, the company also is still expecting total revenue of about $3.3 to $3.4 billion. EPS earnings per share for 2026 of approximately $1.20 to $1.40. That's the range that they provided right now. Yeah, lowering that annual forecast seems to be of course the sticking point though. They did uh have quarterly revenue topping estimates on some of their turnaround efforts. They are working to revive some parts of the business. And remember, of course, this comes after the uh attempted merger with uh the coach parent company Tapestry last year that obviously did not go through. Uh having said that, some commentary from Capri's CEO I have up here saying they're confident in their ability to grow Michael Kors to 4 billion in revenue, Jimmy Choo to 800 million over time, while restoring operating margins to the double digit range here. And they did know, this is a really important check on the consumer that buyers in North America have scaled back their spending on high-end goods. So, perhaps seeing a little bit of an impact of that wealth effect there. And I should mention you can scan the QR code below to track the best and worst performing stocks of the session with Yahoo finances trending tickers page.
Asharq Al-Awsat
28-05-2025
- Business
- Asharq Al-Awsat
Michael Kors-Owner Capri Posts Quarterly Revenue Above Estimates
Capri Holdings on Wednesday beat estimates for fourth-quarter revenue as its focus on reviving sales at its Michael Kors brand with new designs helped bring back shoppers. Capri has narrowed down its focus on Michael Kors fashion brand following a failed attempt to merge with rival and Coach-parent Tapestry last year. In April, the company sold its underperforming Versace label to Italian rival Prada in a $1.38 billion deal. "We are confident in our ability to grow Michael Kors to $4 billion in revenue and Jimmy Choo to $800 million over time, while restoring operating margin to the double-digit range," Capri CEO John Idol said. Consumers in North America have scaled back spending on high-end goods amid concerns over looming price hikes on everyday essentials and discretionary items in the coming months due to higher supply chain costs fueled by new tariffs. The company now expects total annual revenue in the range of $3.3 billion to $3.4 billion, accounting for Versace now as part of discontinued operations. The forecast excludes changes in global macroeconomic conditions, tariff rates, higher inflation or weakening consumer confidence, Capri said. It posted a 15.4% drop in revenue to $1.04 billion for the quarter ended March 29, compared with analysts' average estimate of a 19.3% decline to $986.57 million, according to data compiled by LSEG.
