Capri Holdings reports Q3 loss, revenue drop, future outlook lowered

From StockTwits: 2025-02-06 05:04:23

Capri Holdings Ltd. ($CPRI) reported a third-quarter net loss of $547 million, a sharp contrast to the net income of $105 million in the same period last year. The luxury fashion group’s shares dropped over 10% after missing earnings estimates, with revenues falling by 11.6% to $1.26 billion. The company expects fiscal 2025 revenue to be around $4.4 billion, lower than consensus estimates. Despite the disappointing results, Capri Holdings CEO remains optimistic about the future, citing the strength of their iconic brands. Stock sentiment on Stocktwits was ‘bearish’ following the earnings report, but some investors see an opportunity in the dip.



Read more at StockTwits: Capri Holdings Stock Plummets After Q3 Earnings Miss: Retail Sentiment Sours