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Capri Holdings Ltd (CPRI.N)

CPRI.N on New York Stock Exchange

44.49USD
15 Feb 2019
Change (% chg)

$-0.40 (-0.89%)
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Volume
458,132
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Latest Key Developments (Source: Significant Developments)

Capri Holdings Ltd Qtrly Adjusted Earnings Per Share $1.76
Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - Capri Holdings Ltd ::QTRLY ADJUSTED EARNINGS PER SHARE OF $1.76.QTRLY ADJUSTED EARNINGS PER SHARE $1.76.SEES 2019 TOTAL REVENUE TO BE APPROXIMATELY $5.22 BILLION.QTRLY TOTAL REVENUE $1,438.0 MILLION VERSUS $1,440.1 MILLION.SEES 2019 MICHAEL KORS REVENUE IS EXPECTED TO BE APPROXIMATELY $4.51 BILLION.QTRLY EARNINGS PER SHARE $1.33.Q3 EARNINGS PER SHARE VIEW $1.58, REVENUE VIEW $1.46 BILLION -- REFINITIV IBES DATA.SEES 2019 LOW SINGLE DIGIT COMPARABLE STORE SALES DECLINE AT MICHAEL KORS.SEES 2019 OPERATING MARGIN OF APPROXIMATELY 17.3%.SEES 2019 EARNINGS PER SHARE GUIDANCE TO BE IN A RANGE OF $4.90 TO $4.95, INCLUDING $0.15 OF DILUTION FROM VERSACE ACQUISITION.FOR FISCAL 2020, COMPANY EXPECTS TOTAL REVENUE TO BE APPROXIMATELY $6.1 BILLION.SEES 2020 OPERATING MARGIN OF APPROXIMATELY 15.5%.FOR CAPRI HOLDINGS, BEYOND FISCAL 2020, COMPANY EXPECTS TO DELIVER ACCELERATED REVENUE AND EARNINGS PER SHARE GROWTH.CAPRI HOLDINGS - NOW SEES 2019 JIMMY CHOO REVENUE OF ABOUT $580 MILLION, DOWN VERSUS PRIOR GUIDANCE REFLECTING UNFAVORABLE FOREIGN CURRENCY IMPACT.SEES 2019 VERSACE REVENUE TO BE APPROXIMATELY $130 MILLION.Q3 EARNINGS PER SHARE VIEW $1.58, REVENUE VIEW $1.46 BILLION -- REFINITIV IBES DATA.FY2019 EARNINGS PER SHARE VIEW $4.94, REVENUE VIEW $5.30 BILLION -- REFINITIV IBES DATA.FY2020 REVENUE VIEW $6.16 BILLION -- REFINITIV IBES DATA.SEES MID SINGLE DIGIT GROWTH IN REVENUE FOR FY 2021 & FY 2022.SEES ADJUSTED OPERATING MARGIN OF ABOUT 16% FOR FY 2021.  Full Article

Capri Holdings Ltd Completes Acquisition Of Versace
Monday, 31 Dec 2018 

Dec 31 (Reuters) - Capri Holdings Ltd::CAPRI HOLDINGS LIMITED COMPLETES ACQUISITION OF VERSACE.CAPRI HOLDINGS LIMITED - CHANGED NAME FROM MICHAEL KORS HOLDINGS LIMITED & BEGINNING JAN 2, 2019, NYSE TICKER SYMBOL WILL BE CPRI.  Full Article

Michael Kors Qtrly Earnings Per Share $0.91
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Michael Kors Holdings Ltd ::MICHAEL KORS HOLDINGS - RAISED GUIDANCE FOR OPERATING MARGIN TO ABOUT 18.2% FOR 2019.MICHAEL KORS HOLDINGS LIMITED ANNOUNCES SECOND QUARTER FISCAL 2019 RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $1.27.Q2 EARNINGS PER SHARE $0.91.Q2 REVENUE $1.25 BILLION VERSUS I/B/E/S VIEW $1.26 BILLION.Q2 SAME STORE SALES FELL 2.1 PERCENT.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $4.95 TO $5.05.SEES Q3 2019 EARNINGS PER SHARE $1.52 TO $1.57.SEES FY 2019 REVENUE ABOUT $5.125 BILLION.SEES Q3 2019 REVENUE ABOUT $1.46 BILLION.Q2 EARNINGS PER SHARE VIEW $1.10 -- THOMSON REUTERS I/B/E/S.RAISES FULL YEAR ADJUSTED EARNINGS PER SHARE OUTLOOK TO $4.95 TO $5.05 FROM $4.90 TO $5.00.Q3 SAME STORE SALES ON REPORTED BASIS ARE EXPECTED TO DECLINE IN LOW SINGLE DIGITS.Q3 OPERATING MARGIN IS EXPECTED TO BE APPROXIMATELY 20.8%.FY2019 EARNINGS PER SHARE VIEW $5.03, REVENUE VIEW $5.14 BILLION -- THOMSON REUTERS I/B/E/S.EXPECTS Q3 RETAIL REVENUE FOR MICHAEL KORS TO GROW IN LOW SINGLE DIGITS.MICHAEL KORS HOLDINGS - SEES FY REPORTED COMPARABLE STORE SALES FOR MICHAEL KORS DOWN IN LOW SINGLE DIGITS, DRIVEN BY AN UNFAVORABLE CURRENCY IMPACT.Q3 EARNINGS PER SHARE VIEW $1.82, REVENUE VIEW $1.48 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Michael Kors Says Entered Into Debt Financing Commitment Letter With JPmorgan Chase Bank, N.A. And Barclays Bank PLC
Wednesday, 26 Sep 2018 

Sept 25 (Reuters) - Michael Kors Holdings Ltd ::MICHAEL KORS - ENTERED INTO A DEBT FINANCING COMMITMENT LETTER WITH JPMORGAN CHASE BANK, N.A. AND BARCLAYS BANK PLC RELATED TO VERSACE DEAL.MICHAEL KORS - JPMORGAN CHASE BANK, N.A. AND BARCLAYS BANK PLC COMMITTED TO ARRANGE AND PROVIDE WITH A SENIOR UNSECURED TERM LOAN FACILITY OF $1.6 BILLION.  Full Article

Michael Kors to focus on Versace runway collection, accessories to boost profitability
Tuesday, 25 Sep 2018 

Sept 25 (Reuters) - Michael Kors CEO John Idol says: :VERSACE RUNWAY COLLECTION WILL REMAIN FOCUS, PUSH ON ACCESSORIES WILL IMPROVE PROFITABILITY OF GROUP.VERSACE IS CURRENTLY "UNDERDEVELOPED", "THIS IS GOING TO CHANGE" WITH FINANCIAL BACKING OF THE NEWLY-CREATED HOLDING CAPRI.WILL LOOK AT VERSACE PORTFOLIO AND DECIDE IF THERE IS RATIONALISATION TO BE DONE OVER NEXT MONTHS.WHOLESALE WITH LUXURY DEPARTMENT STORES BIG OPPORTUNITY FOR VERSACE.NEWLY-CREATED CAPRI HOLDING WILL NOT LOOK AT FURTHER ACQUISITIONS BUT FOCUS ON ITS THREE BRANDS.  Full Article

Michael Kors targets "high teens" Versace EBITDA Margin in long term
Tuesday, 25 Sep 2018 

Sept 25 (Reuters) - Michael Kors Chief Financial Officer Thomas Edwards says: :SEES LONG-TERM EBITDA MARGIN IN THE "HIGH TEENS" RANGE.  Full Article

Michael Kors sees Versace revenues growing to $1.2 bln in 2022
Tuesday, 25 Sep 2018 

Sept 25 (Reuters) - Michael Kors says in slides posted after Versace deal: :TARGETS VERSACE REVENUES GROWING TO $775 MILLION IN 2018, $850 MILLION IN 2019, $1.2 BILLION IN 2022 .TARGETS VERSACE STORES GROWING TO 250 UNITS IN 2022 FROM 220 IN 2018 .DEAL ENVISAGES REVENUE MULTIPLE OF 2.5, EBITDA MULTIPLE OF 22 .  Full Article

Interparfums and Jimmy Choo Extend Partnership To 2031‍​
Tuesday, 5 Dec 2017 

Dec 4 (Reuters) - INTERPARFUMS SA ::JIMMY CHOO AND INTERPARFUMS EXTEND PARTNERSHIP TO 2031‍​.  Full Article

Michael Kors neames Francesca Leoni new Chief Brand Officer
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Michael Kors Holdings Ltd ::Michael Kors announces new Chief Brand Officer.Michael Kors Holdings - ‍named Francesca Leoni as new Senior Vice President, Chief Brand Officer for Michael Kors brand​.  Full Article

Michael Kors to have 67 fewer promotional days in Q3 vs last yr
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Michael Kors Holdings Ltd :Michael Kors - Q2 women's footwear global comparable sales saw double-digit growth -conf call.Michael Kors - saw double-digit percent growth in Q2 women's ready-to-wear global comparable sales -conf call.Michael Kors - To launch campaign with Google <<>> to market its Access smart watches in the holiday season -conf call.Michael Kors - saw increases in average unit retail across women's accessories, footwear and ready-to-wear in Q2 -conf call.Michael Kors - Q2 licensing revenue decreased 2.1 percent primarily due to declines in fashion watches and jewelry -conf call.Michael Kors - expects sales decline in fashion watch category through 2H 2018 -conf call.Michael Kors - Jimmy Choo will be incorporated into co's results beginning November 1 -conf call.Michael Kors CFO - "In the third quarter, we will be anniversary-ing the highest level of promotional activity in the prior year" -conf call.Michael Kors CFO - new promotional strategy will result in 66 percent reduction in promotional days in co's digital flagships, stores compared to prior year.Michael Kors CFO - expect to have 67 fewer promotional days than last year in wholesale in Q3.Michael Kors CFO - "We anticipate that sales will decrease more than our full year expectation of a low-teens decline".Michael Kors CFO - "(we expect Q3) wholesale gross margin will decline more than in previous quarters".  Full Article

UPDATE 3-Capri looks beyond Michael Kors, bets on Versace for future growth

Feb 6 Capri Holdings Ltd, formerly Michael Kors, on Wednesday raised its 2019 sales expectations and forecast strong growth in coming years, pinning its hopes on Versace, a brand it bought to forge a stronger luxury identity like its European peers Louis Vuitton and Gucci.