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The Latest Breaking News from CPRI

Capri Stock Craters After Judge Blocks Tapestry Merger: What to Know

Capri Holdings stock has been nearly cut in half Friday after a U.S. judge blocked the retailer's proposed merger with Kate Spade parent Tapestry.

Kiplinger

Michael Kors Parent Spikes 58%. But Are Versace, Jimmy Choo Worth $8.5 Billion?

Coach parent Tapestry is buying Michael Kors and Versace owner Capri Holdings for $8.5 billion. CPRI stock soars 58%, TPR stock retreats.

Investors Business Daily

3 Consumer Stocks Investors Shouldn’t Write Off in 2023

As inflation shows signs of cooling, it indicates that the Fed’s rate hikes have their intended effect. Moreover, consumer confidence seems to be robust. Therefore, quality consumer stocks AutoZone (AZO), Capri Holdings Limited (CPRI), and Dillard’s (DDS) could be worth holding in 2023. Read on….

StockNews.com

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It's Not Too Late to Buy This Luxury Stock

Despite macroeconomic headwinds, Capri Holdings (CPRI) is well-positioned to maintain its strong business performance, driven by the power of three luxury brands in its portfolio. Read on….

StockNews.com

4 Retail Stocks That Will Skyrocket From Holiday Shopping

Despite the stubbornly high inflation, consumer spending remains resilient. Experts anticipate robust holiday spending this year, with holiday sales expected to be well above the 10-year average. Amid this, quality retail stocks Walmart (WMT), The TJX Companies (TJX), Capri Holdings (CPRI), and J. Jill (JILL) look poised to soar higher…

StockNews.com

4 Stocks With Major Upside Potential Right Now

Despite a challenging macro environment, the majority of the S&P 500 companies that have reported earnings have exceeded analysts’ expectations. Moreover, economists believe investors shouldn’t panic about a recession. Given the scenario, here are four fundamentally sound stocks with major upside potential for you to consider buying now, Playtika (PLTK),…

StockNews.com

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…

Benzinga

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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.

Benzinga

After Reporting Stellar Earnings, Consider Adding These 4 Stocks to Your Portfolio

United Parcel Service (UPS), MetLife (MET), Capri Holdings (CPRI), and Ralph Lauren (RL) delivered impressive results in their last reported quarter. And even though these stocks have advanced since their companies’ earnings releases, we think they still look undervalued at their current price levels considering their companies’ immense growth prospects.…

StockNews.com

3 Fashionable Apparel Manufacturing Stocks to Add to Your Portfolio: Levi Strauss, Capri Holdings, and Ralph Lauren

The apparel industry is benefiting from the increasing disposable income of the middle-class and millennials’ shifting preference toward branded apparel and accessories. Moreover, the apparel manufacturers’ increasing focus on providing personalized solutions and consumers’ growing inclination toward online shopping should drive the industry’s growth. Thus, fashion stocks Capri Holdings (CPRI),…

People

Sristi Suman Jayaswal

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