Why Capri Holdings Was Gaining Today
Shares of Capri Holdings (NYSE: CPRI) were climbing after the fashion company turned in better-than-expected results in its fiscal first-quarter earnings report. Capri Holdings, which is the parent of Versace, Jimmy Choo, and Michael Kors, nearly recouped all of its lost sales from the lockdown quarter a year ago and easily beat its own guidance for the period. Profits were strong with its operating margin at 20.8% and adjusted EPS of $1.42, which was well ahead of the consensus at $0.79 and also topped its results from two years ago at $0.95.
