Capri Holdings Q2 Adj EPS $1.13 Misses $1.52 Estimate, Sales $1.29B Miss $1.34B Estimate
Portfolio Pulse from Benzinga Newsdesk
Capri Holdings (NYSE:CPRI) reported Q2 adjusted earnings of $1.13 per share, missing the analyst consensus estimate of $1.52 by 25.66%. This is a 36.87% decrease from the same period last year. The company also reported quarterly sales of $1.29 billion, missing the analyst consensus estimate of $1.34 billion by 3.51%, a decrease of 8.57% from the same period last year.
November 09, 2023 | 9:07 pm
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NEGATIVE IMPACT
Capri Holdings reported lower than expected Q2 earnings and sales, which could negatively impact its stock price in the short term.
Capri Holdings reported a significant decrease in earnings and sales compared to the same period last year, and also missed analyst estimates. This could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100