Capri Holdings Ltd
Company & Industry Overviews
Last week, the S&P 500 (SPY) fell 2.6% due to a drastic fall in the energy, retail, consumer staples, and financial sectors.
Unlike its outlook for Versace and Jimmy Choo brands, Capri Holdings expects the revenue of its Michael Kors brand to decline to $4.45 billion in fiscal 2020 from $4.51 billion in fiscal 2019.
Capri Holdings (CPRI) generated a lower gross as well as operating margin in the fourth quarter of fiscal 2019.
Capri Holdings (CPRI) stock fell 9.8% on May 29 even after the company’s results for the fourth quarter of fiscal 2019 exceeded analysts’ expectations.
Tapestry (TPR) stock has fallen 16.6% as of 9:57 AM EST on February 7. The company lagged analysts’ expectations for the second quarter.
On February 6, Capri Holdings (CPRI) announced better-than-expected earnings results for the third quarter of fiscal 2019.
On January 18, VF Corporation (VFC) stock surged 12.4% after it reported its results for the third quarter of fiscal 2019.
For fiscal 2019 (ending in March), analysts expect VF Corporation’s adjusted EPS to grow 17.2% YoY (year-over-year) to $3.68.
On January 7, Hanesbrands’ (HBI) 12-month forward PE ratio was 7.4x.
Analysts expect Tapestry’s adjusted EPS to rise 6.1% to $2.79 in fiscal 2019, which ends on June 29, 2019.
Despite better-than-expected sales and earnings for the first quarter of fiscal 2019, Tapestry stock has declined 17.1% since the results were announced at the end of October.