NYSE:CPRILuxury
Why Capri Holdings (CPRI) Is Up 7.8% After Returning to Profit and Issuing New Guidance
Capri Holdings Limited recently reported its first quarter results for fiscal 2026, posting net income of US$53 million on sales of US$797 million, a return to profitability compared to a loss a year ago, and issued new revenue and earnings guidance for the next quarter and full year.
Shortly after, Capri Holdings also filed a US$52.1 million shelf registration for 2.5 million ordinary shares in an ESOP-related offering, suggesting a focus on employee engagement and potential changes to its...