Capri Holdings Q3 Earnings Miss Estimates, Gross Margin Declines Y/Y
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Capri Holdings reported fiscal third-quarter results with revenues and earnings declining year-over-year due to weaker global demand for luxury fashion. The company's gross margin also contracted compared to the previous year.
February 05, 2025 | 7:15 pm
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Capri Holdings' Q3 earnings missed estimates, with a decline in both revenues and earnings year-over-year, attributed to weaker global demand for luxury fashion. The gross margin also contracted.
The decline in revenues and earnings, along with a contraction in gross margin, indicates financial challenges for Capri Holdings. This is likely to negatively impact the stock price in the short term as investors react to the weaker-than-expected performance.
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