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Jul 01, 2023
Capri Q1 2024 Earnings Report
Capri Holdings' first quarter performance was slightly ahead of expectations amidst planned acquisition by Tapestry, Inc.
Key Takeaways
Capri Holdings Limited reported a revenue decrease of 9.6% and adjusted earnings per share of $0.74 for the first quarter of fiscal year 2024. The company announced a planned acquisition by Tapestry, Inc., marking a significant milestone.
Revenue decreased by 9.6% on a reported basis and 9.3% in constant currency.
Adjusted operating margin was 9.0%.
Adjusted earnings per share reached $0.74.
Capri Holdings announced planned acquisition by Tapestry, Inc.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Given the planned acquisition of Capri Holdings Limited by Tapestry, Inc., the Company does not intend to provide financial guidance at this time and has withdrawn its previously issued guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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