secwatch.observer — SEC 8-K summary
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Issuer:     Capri Holdings Ltd (CPRI)
CIK:        0001530721
Form:       8-K
Filed at:   2025-11-04T23:59:59+00:00
Accession:  0001530721-25-000140
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Capri Q2 revenue $856M beats expectations; announces $1B buyback program
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- Revenue $856M, down 2.5% YoY; adjusted operating income $20M vs $37M last year.
- Net loss $34M ($0.28/share); adjusted loss $4M ($0.03/share) hurt by $24M tax valuation allowance.
- Versace sale to Prada for $1.375B expected to close in Q3 fiscal 2026; proceeds to repay debt.
- Board authorizes $1B share repurchase program over three years, beginning fiscal 2027.
- FY2026 guidance: revenue $3.375-3.45B, diluted EPS $1.20-1.40; Q3 EPS guidance $0.70-0.80.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530721/000153072125000140/0001530721-25-000140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530721/000153072125000140/cpri-20251104.htm
  HTML page:      https://secwatch.observer/filing/0001530721-25-000140

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