Capri Holdings Limited Announces Third Quarter Fiscal 2021 Results
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Capri Holdings (CPRI) PT Raised to $60 at Wells Fargo Following EPS Beat
February 3, 2021 1:16 PM ESTWells Fargo analyst Ike Boruchow raised the price target on Capri Holdings (NYSE: CPRI) to $60.00 (from $50.00) while maintaining an Overweight rating following strong results.
The analyst commented, "Valuation remains relatively inexpensive and CPRI remains a top recovery name in our space. All 3... More
Capri Holdings Limited (CPRI) Tops Q3 EPS by 64c
February 3, 2021 6:32 AM ESTCapri Holdings Limited (NYSE: CPRI) reported Q3 EPS of $1.65, $0.64 better than the analyst estimate of $1.01. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.33 billion.
Third Quarter Fiscal 2021 Highlights
Revenue decline of 17%, a sequential improvement relative to the second quarterE-commerce sales improved sequentially, increasing 65%Positive retail sales in Asia across all luxury houses, led by double digit growth in Mainland ChinaDouble-digit global retail sales growth at VersaceAdjusted gross margin expansion of 520 basis points versus prior yearAdjusted operating margin expansion of 290... More