Capri Holdings

Capri Holdings reported net income of USD 27 million (USD 0.25 per share) in the second quarter, after a loss of USD 28 million a year earlier. Adjusted earnings per share were USD 0.42, about twice analysts' expectations. Revenue fell 5.5% to USD 809 million. Management lowered its sales forecast, citing developments at Michael Kors. » Mere på finanzen.net

At the Goldman Sachs conference, Capri Holdings outlined an accelerated turnaround driven by stronger product resonance, fewer promotions and declining inventories, particularly at Michael Kors. Management expects about 40% EPS growth for the current fiscal year, higher full-price sell-through rates, increased marketing spending and roughly $400 million in SG&A savings over three years. North America is holding up well, Europe remains weak, Asia/China are recovering, and Capri plans extensive store refurbishments as well as margin improvements from a better product mix and operational efficiencies. » Mere på de.investing.com

Capri Holdings' stock fell to a 52-week low of $12.56, about 48% below the year‑start price; the 52‑week high was $28.27. Despite the decline, the company shows solid metrics, including a gross profit margin of 62.71% and a Piotroski Score of 9. InvestingPro rates the stock as substantially undervalued at current levels. In the first quarter of fiscal 2026, Capri beat earnings expectations with adjusted earnings of $0.67 per share and revenue of $769 million, but it lowered its full‑year revenue guidance and emphasized cost management to protect profitability. » Mere på de.investing.com