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Marilyn Crouther To Be Appointed M. William Benedetto To Retire Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced that Marilyn Crouther will be appointed to the Board of Directors effective June 1st. Ms. Crouther will join the Audit C...
CPRI’s gross margins have been very resilient despite topline headwinds, although doubts over the GSP program renewal could stall progress here. CPRI’s cash conversion cycle has improved significantly over the last two quarters and it has managed to pay down $800m of net...
Wells Fargo says investor sentiment across the retail space has become much more challenged in recent weeks even with some material beats across the sector.The firm thinks the near-term setup has become more difficult to navigate, but it remains bullish on the U.S. consumer even as it looks t...
Apparel stocks are roaring back to life as the return of employees to the office and increase in social gatherings has consumers refreshing their wardrobe.A survey conducted by Jefferies saw 23% of U.S. respondents name clothing and accessories as a priority for discretionary spending to trai...
Capri Holdings Limited (NYSE: CPRI) today announced that it plans to report its fourth quarter and fiscal year 2021 financial results on Wednesday, May 26, 2021, at approximately 6:45 a.m. ET. The Company also plans to hold a conference call to discuss its financial results the same day...
Economic confidence and inflation expectations are both at multi-decade highs right now. One assumes this has something to do with the fact that the epic nightmare of the Covid-19 pandemic only really impacted about half of the citizens of the developed world in terms of employment prospects,...
Barclays says apparel companies took a step back with inventory in Q4 after sales were negatively impacted by COVID surges in the U.S. and shutdowns in Europe.Analyst Adrienne Yih: "We view this setback as extending what we believe will be at least a four-quarter run for merchandise margin ex...
UBS is positive on select softlines stocks through the summer as the reopening trades plays out and beyond as the retail environment normalizes. "We believe Softline stock prices could increase 7-13% into September, driven by strong upward revisions to sell-side consensus EPS estimates. Our C...
Canada Goose is a globally recognized brand with strong margins. Canada Goose has a long history and is led by the founder's grandson, who owns over 18% of the company. We believe the company to be trading close to fair value. Analysts expect double-digit revenue growth starti...
Wells Fargo adjust estimates on a number of retail and softlines stocks to reflect the positive early reads on the recovery trajectory against near-term headwinds like European lockdowns and L.A./Long Beach port congestion. On Capri (CPRI) rated Overweight: "Raising FY22/FY23 EPS estimat...
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Capri Holdings Limited (NYSE: CPRI) today announced that it plans to report its first quarter fiscal 2025 financial results on Thursday, August 8, 2024, after the market closes via press release. Given the pending acquisition of Capri Holdings Limited by Tapestry, Inc., the Company does not inten...
2024-06-20 17:16:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...