Wed, May 28, 8:09 PM (26 days ago)
**Capri Holdings Limited (CPRI) Financial Performance Summary:** **Revenue:** - **Fiscal 2025:** $4,442 million (down 14.1% YoY) - **Versace:** $821 million (down 20.3% YoY) - **Jimmy Choo:** $605 million (down 2.1% YoY) - **Michael Kors:** $3,016 million (down 14.4% YoY) - **Fiscal 2024:** $5,170 million - **Fiscal 2023:** $5,619 million **Gross Profit:** - **Fiscal 2025:** $2,826 million (63.6% of total revenue) - **Fiscal 2024:** $3,339 million (64.6% of total revenue) - **Fiscal 2023:** $3,724 million (66.3% of total revenue) **Operating Expenses:** - **Fiscal 2025:** $3,578 million (80.5% of total revenue) - **Fiscal 2024:** $3,580 million (69.2% of total revenue) - **Fiscal 2023:** $3,045 million **Net Income (Loss):** - **Fiscal 2025:** $(1,182) million - **Fiscal 2024:** $(229) million - **Fiscal 2023:** $616 million **Earnings per Share (EPS):** - **Fiscal 2025:** $(10.00) per share - **Fiscal 2024:** $(1.96) per share - **Fiscal 2023:** $4.65 per share **Strategic Overview:** - **Versace:** Focus on brand desirability, product innovation, and exceptional consumer experiences. - **Jimmy Choo:** Aim to grow revenue to $800 million, reinforcing brand DNA, and expanding women's accessories. - **Michael Kors:** Target $4 billion in revenue, engaging customers with a modern interpretation of the jet set lifestyle, and increasing retail store sales densities. **Future Outlook:** - **Growth Strategy:** Focus on increasing revenue and profits, improving brand engagement, and tailoring merchandise to customer preferences. - **ESG Initiatives:** Commitment to improving environmental and social policies, fostering a future where people and the planet are cared for. **Risk Factors:** - **Macroeconomic Pressures:** Inflation, rising interest rates, and geopolitical conflicts impact consumer spending and retail environment. - **Competition:** Intense competition in the accessories, footwear, and apparel industries. - **Supply Chain Risks:** Disruptions in shipping, distribution, and manufacturing could negatively impact results. - **Cybersecurity:** Potential breaches could harm reputation and business operations. **Financial Condition:** - **Debt:** $1.5 billion in consolidated indebtedness as of March 29, 2025. - **Liquidity:** $166 million in cash and cash equivalents, with sufficient liquidity to meet working capital needs and capital expenditures. **Market Position Changes:** - **Share Price:** Fluctuations based on forward-looking expectations and financial performance. - **Share Repurchases:** No repurchases since June 2023, which could adversely affect share price. **Note:** Amounts are usually in thousands, 000s.