secwatch.observer — SEC 8-K summary
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Issuer:     Capri Holdings Ltd (CPRI)
CIK:        0001530721
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001530721-24-000095
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Capri Holdings Q1 FY2025 revenue falls 13.2% to $1.07B; adjusted EPS $0.04 vs $0.74 last year
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- Adjusted operating margin of 1.5% vs 9.0% prior year; GAAP net loss of $14M (($0.11)/diluted share).
- Versace revenue down 15.4% to $219M with an operating loss of $17M; Jimmy Choo down 5.5% to $173M; Michael Kors down 14.2% to $675M.
- Net inventory decreased 23% to $902M; free cash flow inflow of $40M vs outflow of $10M last year.
- CEO cites softening global demand for fashion luxury goods; Merger with Tapestry pending FTC litigation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530721/000153072124000095/0001530721-24-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530721/000153072124000095/cpri-20240808.htm
  HTML page:      https://secwatch.observer/filing/0001530721-24-000095

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