secwatch.observer — SEC 8-K summary
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Issuer:     Capri Holdings Ltd (CPRI)
CIK:        0001530721
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0001530721-23-000029
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Capri Holdings Q3 revenue down 6% to $1.51B, adj EPS $1.84; FY2024 guidance $5.8B, $6.40 EPS
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- Total revenue $1.51B, down 6.0% reported, 0.5% constant currency; adjusted operating margin 16.9%.
- Adjusted diluted EPS $1.84 vs $2.22 prior year; net income $225M GAAP.
- Versace CC up 11.2%, Jimmy Choo CC up 3.4%, Michael Kors CC down 3.6% (reported down 7.2%).
- Inventory $1.188B, up 21% YoY; expects below prior year by Q4 end.
- Share repurchases ~5.7M shares for $300M in Q3; FY2024 guidance: revenue ~$5.8B, EPS ~$6.40.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530721/000153072123000029/0001530721-23-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530721/000153072123000029/cpri-20230208.htm
  HTML page:      https://secwatch.observer/filing/0001530721-23-000029

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