Capri Holdings Ltd

CPRI

Equity

ISIN VGG1890L1076 / Valor 45625130

New York Stock Exchange, Inc (2024-12-26)

USD 21.20+0.33%

Capri Holdings Ltd
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About company

Capri Holdings Ltd is a global fashion luxury group that owns and operates iconic brands such as Versace, Jimmy Choo, and Michael Kors. The company is known for its commitment to glamorous style and craftsmanship, offering a wide range of luxury products across various fashion categories. Capri Holdings prides itself on the unique DNA and heritage of each of its brands, as well as the diversity and passion of its employees. With a focus on serving clients and communities, the company has established a strong reputation for designing exceptional and innovative products.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Decline

Capri Holdings Ltd reported a total revenue of $1.223 billion for the fourth quarter of fiscal 2024, which represents an 8.4% decrease compared to the same period last year. On a constant currency basis, the revenue decline was 7.9%. This decrease was primarily driven by softening demand globally for fashion luxury goods.

Operating Margin

The adjusted operating margin for Capri Holdings Ltd in the fourth quarter of fiscal 2024 was 6.4%, down from 9.1% in the prior year. The decline in operating margin was mainly due to lower gross margins and expense deleverage on reduced revenue.

Net Loss

Capri Holdings Ltd reported a net loss of $472 million, or $(4.03) per diluted share, for the fourth quarter of fiscal 2024. This is a significant increase from the net loss of $34 million, or $(0.28) per diluted share, reported in the same quarter of the previous year. The net loss was impacted by non-cash impairments.

Cash Flow

For the fourth quarter of fiscal 2024, Capri Holdings Ltd reported cash flow from operating activities as an inflow of $44 million, while free cash flow was an outflow of $6 million. This result was below expectations due to lower operating results, higher working capital usage, and higher cash taxes.

Brand Performance

In the fourth quarter of fiscal 2024, Versace's revenue decreased by 3.6%, Jimmy Choo's revenue decreased by 9.3%, and Michael Kors' revenue decreased by 9.7%. Despite the revenue declines, the brands added a total of 11.6 million new consumers to their databases, reflecting a 14% growth compared to the previous year.

Summarized from source with an LLMView Source

Key figures

-57.9%1Y

-65.6%3Y

-44.4%5Y

Performance

73.7%1Y

64.0%3Y

71.1%5Y

Volatility