---
schema_version: "secwatch.filing_event.v1"
accession: "0001530721-23-000172"
form_type: "8-K"
ticker: "CPRI"
cik: "0001530721"
company_name: "Capri Holdings Ltd"
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T17:21:58.798422+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Capri Holdings Q1 revenue down 9.6%, adjusted EPS $0.74; to be acquired by Tapestry

## Summary
- Revenue $1.23B, down 9.6% YoY; adjusted EPS $0.74 vs $1.50 prior year.
- Versace revenue $259M (-5.8%), Jimmy Choo $183M (+6.4%), Michael Kors $787M (-13.8%).
- Adjusted operating margin 9.0%, down from 18.5% prior year.
- Company announces planned acquisition by Tapestry, Inc.; financial guidance withdrawn.

## SEC filing metadata
- accession: 0001530721-23-000172
- form_type: 8-K
- ticker: CPRI
- cik: 0001530721
- company_name: Capri Holdings Ltd
- filed_at: 2023-08-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1530721/000153072123000172/0001530721-23-000172-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1530721/000153072123000172/cpri-20230810.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001530721-23-000172
- JSON: https://secwatch.observer/filing/0001530721-23-000172.json
- Plain text: https://secwatch.observer/filing/0001530721-23-000172.txt

## Key facts
- Earnings Releases
  Capri Holdings Ltd reported first fiscal quarter ended July 1, 2023 results: revenue $1.23 billion, net income $48 million, or $0.41 per diluted share, EPS $0.74 per diluted share.
  - Period: first fiscal quarter ended July 1, 2023
  - Revenue: $1.23 billion
  - Net income: $48 million, or $0.41 per diluted share
  - EPS: $0.74 per diluted share
  - Result: reported results
  source text: of GAAP to non-GAAP financial information is provided at the end of this press release. Overview of Capri Holdings First Quarter Fiscal 2024 Results • Total revenue of $1.23 billion decreased 9.6% compared to last year. On a constant currency basis, total revenue decreased 9.3%. • Gross profit was $812 million and gross margin was 66.1%, c ompared to $901
  evidence_url: https://www.sec.gov/Archives/edgar/data/1530721/000153072123000172/0001530721-23-000172-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.