Capri Holdings Limited (CPRI) has surged by 4.32%, with the price reaching $21.75, up by 90 cents from the previous close of $20.85. Trading volume stands at $1.55 million, representing a significant increase of 48.33% compared to the average.
In the latest quarterly earnings report released on Tuesday, May 26th, CPRI reported an earnings per share of 0.22, surpassing the consensus estimate of 0.11.
CPRI's cash flow indicates a net change of -$19 million, with operating cash flow at -$65.52 million. Noteworthy figures include debt repayment of -$123 million and common stock repurchased amounting to -$78.90 million.
The income statement reveals a gross profit of $486 million, operating income at -$7 million, and a net income of -$4 million. CPRI's revenue amounted to $796 million, with operating expenses totaling $493 million.
Key ratios show a gross profit margin of 61.06%, while the net profit margin stands at -0.503%. Return on equity is at -5%, and the price-to-earnings ratio is -128.23, highlighting the company's current valuation.
CPRI's financial position displays total assets of $3.23 billion, with total liabilities at $3.15 billion. Net debt stands at $1.28 billion, indicating the company's debt obligations.
This financial report summarizes CPRI's robust performance, driven by positive earnings and strong market activity.
Capri Holdings Limited designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. It operates through three segments: Versace, Jimmy Choo, and Michael Kors. The company offers ready-to-wear, accessories, footwear, handbags, scarves and belts, small leather goods, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques, department, and specialty stores, as well as through e-commerce sites. It also licenses Versace brand name and trademarks to third parties to retail and/or wholesale its products; and has licensing agreements to the manufacture and sale of jeans, fragrances, watches, eyewear, and home furnishings. The company was formerly known as Michael Kors Holdings Limited and changed its name to Capri Holdings Limited in December 2018. Capri Holdings Limited was founded in 1981 and is headquartered in London, the United Kingdom.