secwatch.observer — SEC 8-K summary
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Issuer:     Capri Holdings Ltd (CPRI)
CIK:        0001530721
Form:       8-K
Filed at:   2025-02-05T23:59:59+00:00
Accession:  0001530721-25-000012
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Capri Holdings Q3 revenue down 11.6%, GAAP net loss of $547M on $675M impairment
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- Revenue $1.26B, down 11.6%; adjusted EPS $0.45 vs $1.20 last year; GAAP net loss $547M ($4.61/share).
- Operating loss $590M includes $675M non-cash impairment charge; adjusted operating margin 6.0% vs 12.1%.
- Versace revenue -15%, Jimmy Choo -4.2%, Michael Kors -12.1% YoY; all segments saw operating margin declines.
- New $700M term loan and amended credit facility maturing July 2027; used to repay existing $450M and €450M debts.
- FY2025 revenue guidance $4.4B with adjusted op income ~$100M; FY2026 revenue ~$4.1B, op income ~$150M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530721/000153072125000012/0001530721-25-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530721/000153072125000012/cpri-20250205.htm
  HTML page:      https://secwatch.observer/filing/0001530721-25-000012

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