M&A
confidence high
sentiment neutral
materiality 0.60
Tapestry files Capri financials for proposed $8.5B acquisition
TAPESTRY, INC.
- Capri FY2023 revenue $5,619M, net income $616M, diluted EPS $4.60.
- Capri revenue down 0.6% YoY; net income down 25% from $822M in FY2022.
- Capri recorded $142M asset impairment in FY2023, including $82M goodwill and $24M brand impairment.
- Pro forma combined balance sheet and statements as of Sept 30, 2023 filed as Exhibit 99.4 and 99.5.