secwatch.observer — SEC 8-K summary
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Issuer:     Capri Holdings Ltd (CPRI)
CIK:        0001530721
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001530721-23-000193
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Capri Holdings Q2 revenue falls 8.6% to $1.29B; adjusted EPS $1.13 vs $1.79 YoY
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- Total revenue $1.29B, down 8.6% reported, 10.1% constant currency; adjusted EPS $1.13 vs $1.79.
- Michael Kors Americas ecommerce transition hurt revenue by ~$50M; issues should resolve by Q4.
- Versace revenue $280M (-9.1%); Jimmy Choo $132M (-7.0%); Michael Kors $879M (-8.6%).
- Adjusted operating margin 12.2% vs 19.8% a year ago; gross margin 64.4% vs 67.1%.
- No guidance provided due to pending merger with Tapestry, expected to close in calendar 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530721/000153072123000193/0001530721-23-000193-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530721/000153072123000193/cpri-20231109.htm
  HTML page:      https://secwatch.observer/filing/0001530721-23-000193

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