secwatch.observer — SEC 8-K summary
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Issuer:     Capri Holdings Ltd (CPRI)
CIK:        0001530721
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001530721-22-000150
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Capri Q2 revenue up 8.6%, adj EPS $1.79; authorizes new $1B buyback
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- Revenue $1.41B (+8.6% reported, +17.5% constant currency); adj operating margin 19.8%.
- Adj EPS $1.79 vs $1.53 a year ago, record Q2 EPS; revenue guided ~$5.7B for FY2023.
- Michael Kors revenue $962M (+9.2%); Versace $308M (+9.2%); Jimmy Choo $142M (+3.6%).
- New $1B two-year share repurchase program replaces existing program with $250M remaining.
- Net inventory $1.18B, up 36% YoY; management expects moderation through year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530721/000153072122000150/0001530721-22-000150-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530721/000153072122000150/cpri-20221109.htm
  HTML page:      https://secwatch.observer/filing/0001530721-22-000150

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer