secwatch.observer — SEC 8-K summary
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Issuer:     Capri Holdings Ltd (CPRI)
CIK:        0001530721
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001530721-23-000172
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Capri Holdings Q1 revenue down 9.6%, adjusted EPS $0.74; to be acquired by Tapestry
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- 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- Company announces planned acquisition by Tapestry, Inc.; financial guidance withdrawn.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530721/000153072123000172/0001530721-23-000172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530721/000153072123000172/cpri-20230810.htm
  HTML page:      https://secwatch.observer/filing/0001530721-23-000172

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