NYSE:CPRILuxury
Why Capri Holdings (CPRI) Is Up 12.1% After a Return to Profitability and Improved 2024 Guidance
Capri Holdings recently reported first quarter earnings, showing sales of US$797 million and net income of US$53 million, a turnaround from a net loss in the same period last year.
The company also released updated guidance, projecting full-year revenues between US$3.38 billion and US$3.45 billion and earnings per share of US$1.20 to US$1.40, suggesting greater clarity on outlook despite recent sales declines.
We'll explore how Capri Holdings' improved profitability and new financial outlook...