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The Latest Breaking News from Capri Holdings Ltd

2 Off-Price Retail Titans: Which Stock Has More Upside in 2025?

Explore TJX Companies and Ross Stores to see which off-price retail stock offers greater upside in 2025. Analyze their performance and growth potential.

Stocks Give Up Morning Gains After a Benign U.S. CPI Report Released

Stocks Give Up Morning Gains After a Benign U.S. CPI Report Released

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.18%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.01%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.16%. Today’s benign U.S. July CPI report bolstered the outlook...

Stocks Climb on a Benign U.S. CPI Report

Stocks Climb on a Benign U.S. CPI Report

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.93%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.90%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.22%. Stocks this morning are moderately higher, with the Dow...

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Markets Today: Stocks Climb and Bond Yields Fall on Supportive U.S. Inflation News

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are up +0.54%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are up +0.80%. Stock indexes this morning are moderately higher after the weaker-than-expected U.S. Jul CPI report bolstered the outlook for the Fed to pause its interest rate...

Michael Kors-owner Beats Revenue Estimates on Resilient Luxury Demand

Michael Kors-owner Capri Holdings Ltd beat quarterly revenue estimates on Tuesday, helped by unwavering demand for luxury goods from higher-income consumers who remain largely unaffected by rising prices. The effects of 40-year-high inflation has shown little, if any, impact on middle- and high-income households who have been spending on designer…

Asharq Al-Awsat

Solid Earnings, $1B Buyback, Detailed FY23 Outlook - Michael Kors Parent's Q4 Highlights

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…

Why Capri Holdings Stock Is Trading Higher

Capri Holdings Ltd (NYSE: CPRI) shares are trading higher Wednesday after the company reported better-than-expected financial results, issued earnings guidance above analyst estimates and announced a buyback.

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Michael Kors Owner Capri Raises Full-year Profit Forecast

Michael Kors Owner Capri Raises Full-year Profit Forecast

Michael Kors owner Capri Holdings Ltd raised its full-year profit forecast on Wednesday, signaling robust demand for its luxury goods as higher-income consumers return to their old shopping routines. Shares of the company, which owns Versace and Jimmy Choo, rose about 6% to $51.51 in premarket trading, Reuters said.

Asharq Al-Awsat

Capri Holdings Appoints Emmanuel Gintzburger As Versace CEO

Capri Holdings Appoints Emmanuel Gintzburger As Versace CEO

Capri Holdings Ltd (NYSE:CPRI) has appointed Emmanuel Gintzburger as Chief Executive Officer (CEO) of Versace, effective September 12, 2022. Gintzburger will report to John D. Idol, Chairman, and CEO of Capri Holdings. Gintzburger joins Versace from Alexander McQueen, where he served as CEO since May 2016. Late last year, Capri Holdings selected Cedric Wilmotte as…

Michael Kors Parent's CEO Candidate Joshua Schulman To leave Company

Michael Kors Parent's CEO Candidate Joshua Schulman To leave Company

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.

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