Capri Holdings Q3 2024 Adj EPS $1.20 Misses $1.71 Estimate, Sales $1.43B Miss $1.48B Estimate
Portfolio Pulse from Benzinga Newsdesk
Capri Holdings (NYSE:CPRI) reported Q3 2024 adjusted EPS of $1.20, missing the $1.71 estimate, and sales of $1.43B, below the $1.48B estimate. This represents a 5.62% decrease in sales compared to the same period last year.
February 08, 2024 | 9:09 pm
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NEGATIVE IMPACT
Capri Holdings reported lower than expected Q3 2024 earnings and sales, missing estimates and showing a decrease in sales compared to last year.
Missing both earnings and sales estimates significantly, especially with a notable decrease in sales compared to the previous year, is likely to negatively impact investor sentiment and the stock price of Capri Holdings in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100