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Capri Holdings (CPRI)
:CPRI
Earnings Data
Report Date
May 28, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
-0.13Last Year’s EPS
0.42Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: -39.58%
|Next Earnings Date:May 28, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected significant challenges faced by Capri Holdings, including substantial revenue declines across brands and geographies, coupled with reduced operating margins. However, there are positive developments in consumer engagement, strategic pricing adjustments, and growth in specific segments like eyewear and fragrance. The company's focus on data-driven strategies and marketing efforts offers potential for recovery, but the current sentiment remains cautious given the near-term challenges.Company Guidance
During the Capri Holdings Limited third quarter fiscal 2025 conference call, the company provided guidance indicating a challenging near-term outlook with expectations of a 20% revenue decline in the fourth quarter, amounting to approximately $975 million. This includes a $25 million foreign currency headwind and a $15 million impact from store closures. Retail sales are forecasted to decline in the mid-teens, while wholesale revenue is anticipated to drop by about 30%, marking the most significant decline before moderating as stabilization efforts take effect. By brand, Versace is expected to generate $200 million in revenue, impacted negatively by $7 million due to currency fluctuations; Jimmy Choo is forecasted at $125 million, with a $5 million currency impact; and Michael Kors is projected to achieve $650 million, with a $13 million currency impact. The company forecasts a flat gross margin compared to the prior year for the fourth quarter and an operating loss of $25 million. For fiscal 2026, Capri Holdings anticipates revenue stabilization and modest gross margin expansion, with a forecast of $4.1 billion in total company revenue, factoring in a $100 million negative impact from foreign exchange rates and a $60 million impact from planned store closures. Versace is projected to achieve $800 million in revenue, Jimmy Choo $550 million, and Michael Kors $2.75 billion, each affected by foreign currency. The company plans to execute new cost reduction initiatives, aiming to reduce expenses by $200 million, resulting in an operating income forecast of $150 million for fiscal 2026. Looking ahead to fiscal 2027, Capri Holdings expects to return to revenue growth and continued operating margin expansion.Versace VIC Consumer Growth
Versace's VIC consumers grew at a double-digit rate, responding positively to sophisticated offerings and indicating successful engagement with high-value customers.
Eyewear and Fragrance Success
Both Versace and Michael Kors experienced growth in their eyewear and fragrance segments, with Michael Kors' latest fragrance launch exceeding expectations.
Data-Driven Strategy Adjustments
The company is implementing data-driven strategy adjustments, especially in pricing and product offerings, to better align with consumer expectations and improve full-price sell-throughs.
Marketing and Brand Awareness Initiatives
All three brands have shown significant increases in their global consumer databases, reflecting successful brand awareness and consumer engagement efforts.
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CPRI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CPRI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | $24.03 | $21.61 | -10.07% |
| Nov 07, 2024 | $21.99 | $20.52 | -6.68% |
| Aug 08, 2024 | $32.10 | $30.54 | -4.86% |
| May 29, 2024 | $34.18 | $33.85 | -0.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Capri Holdings (CPRI) report earnings?
Capri Holdings (CPRI) is schdueled to report earning on May 28, 2025, TBA Not Confirmed.
What is Capri Holdings (CPRI) earnings time?
Capri Holdings (CPRI) earnings time is at May 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CPRI EPS forecast?
CPRI EPS forecast for the fiscal quarter 2025 (Q4) is -0.13.
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