secwatch.observer — SEC 8-K summary
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Issuer:     Capri Holdings Ltd (CPRI)
CIK:        0001530721
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001530721-24-000124
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Capri Q2 revenue $1.08B, -16.4% YoY; adj. EPS $0.65 vs $1.13; Versace down 28%
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- Revenue $1.08B, down 16.4% reported and constant currency; adjusted operating margin 3.0%.
- Adjusted EPS $0.65 vs $1.13; GAAP net income $24M ($0.20 per share).
- Versace rev $201M (-28.2%), op loss $3M; Jimmy Choo rev $140M (+6.1%), op loss $5M; Michael Kors rev $738M (-16.0%), op inc $87M.
- Cash from ops $50M; free cash flow $23M; net debt $1.53B vs $1.86B last year.
- Merger appeal with Tapestry ongoing after FTC preliminary injunction; no guidance provided.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530721/000153072124000124/0001530721-24-000124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530721/000153072124000124/cpri-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001530721-24-000124

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