secwatch.observer — SEC 8-K summary
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Issuer:     Capri Holdings Ltd (CPRI)
CIK:        0001530721
Form:       8-K
Filed at:   2024-05-29T23:59:59+00:00
Accession:  0001530721-24-000040
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Capri Q4 revenue down 8.4%, adjusted EPS $0.42; FTC lawsuit continues
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- Total revenue $1.223B, down 8.4% reported (7.9% constant currency) vs prior year.
- Adjusted EPS $0.42 vs $0.97; GAAP net loss $472M ($4.03 loss per share) on non-cash impairments.
- Versace revenue -3.6%, Jimmy Choo -9.3%, Michael Kors -9.7%; all brands cite softening luxury demand.
- FTC filed lawsuit to block pending Tapestry acquisition; Capri vows to vigorously defend.
- No financial guidance provided due to pending merger; free cash flow outflow $6M in Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530721/000153072124000040/0001530721-24-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530721/000153072124000040/cpri-20240529.htm
  HTML page:      https://secwatch.observer/filing/0001530721-24-000040

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