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Capri (CPRI)

Capri Holdings Limited is a global fashion luxury group, consisting of iconic brands that are industry leaders in design, style and craftsmanship. Its brands cover the full spectrum of fashion luxury categories including women's and men's accessories, footwear and ready-to-wear as well as wearable technology, watches, jewelry, eyewear and a full line of fragrance products. The Company's goal is to continue to extend the global reach of its brands while ensuring that they maintain their independence and exclusive DNA.

Company profile

Ticker
CPRI
Exchange
CEO
John Idol
Employees
Incorporated
Location
Fiscal year end
Former names
Michael Kors Holdings Ltd
SEC CIK
Subsidiaries
Alberto Gozzi S.r.l. • Aruba MK Retail N.V. • Capri (Australia) Pty Ltd • Capri Finance • Capri Finance Malta Limited • Capri (Hungary) Holdings Kft • Capri Insurance Guernsey Limited • Capri Operations Limited • Capri (Switzerland) GmbH • Capri (Switzerland) Holdings GmbH ...

CPRI stock data

Calendar

1 Jun 22
10 Aug 22
1 Apr 23
Quarter (USD) Apr 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Apr 22 Mar 21 Mar 20 Mar 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 172M 172M 172M 172M 172M 172M
Cash burn (monthly) 30.67M 5.17M (no burn) (no burn) 3M (no burn)
Cash used (since last report) 131.6M 22.17M n/a n/a 12.87M n/a
Cash remaining 40.4M 149.83M n/a n/a 159.13M n/a
Runway (months of cash) 1.3 29.0 n/a n/a 53.0 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
3 Aug 22 Marilyn C Crouther Restricted share units Ordinary shares, no par value Grant Acquire A No No 0 3,036 0 3,036
3 Aug 22 Robin Anthony David Freestone Restricted share units Ordinary shares, no par value Grant Acquire A No No 0 3,036 0 3,036
3 Aug 22 Judy Gibbons Restricted share units Ordinary shares, no par value Option exercise Acquire M No No 0 3,036 0 3,036
3 Aug 22 Korologos Ann Mclaughlin Restricted share units Ordinary shares, no par value Grant Acquire A No No 0 3,036 0 3,036
3 Aug 22 Stephen F Reitman Restricted share units Ordinary shares, no par value Grant Acquire A No No 0 3,036 0 3,036
13F holders Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Largest transactions Shares Bought/sold Change

Financial report summary

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Risks
  • The COVID-19 pandemic may continue to have a material adverse effect on our business and results of operations.
  • The accessories, footwear and apparel industries are heavily influenced by general macroeconomic cycles that affect consumer spending and a prolonged period of depressed consumer spending could have a material adverse effect on our business, results of operations and financial condition.
  • We face risks associated with operating globally and our strategy to continue to expand internationally.
  • Our business is subject to risks inherent in global sourcing activities, including disruptions or delays in manufacturing or shipments.
  • Our retail stores are heavily dependent on the ability and desire of consumers to travel and shop and a decline in consumer traffic could have a negative effect on our comparable store sales and store profitability resulting in impairment charges, which could have a material adverse effect on our business, results of operations and financial condition.
  • Recent changes in our executive management team, the departure of key employees or our failure to attract and retain qualified personnel could have a material adverse effect on our business.
  • The long-term growth of our business depends on the successful execution of our strategic initiatives.
  • If we are unable to effectively execute our e-commerce business and provide a reliable digital experience for our customers, our reputation and operating results may be harmed.
  • We may not be able to respond to changing fashion and retail trends in a timely manner, which could have a material adverse effect on our brands, business, results of operations and financial condition.
  • Increased scrutiny from investors and others regarding our corporate social responsibility initiatives, including environmental, social and other matters of significance relating to sustainability, could result in additional costs or risks and adversely impact our reputation.
  • Our wholesale business could suffer as a result of consolidations, liquidations, restructurings and other ownership changes.
  • Acquisitions may not achieve intended benefits and may not be successfully integrated.
  • The markets in which we operate are highly competitive, both within North America and internationally, and increased competition based on a number of factors could cause our profitability and/or gross margins to decline.
  • Our business is subject to risks associated with importing products, and the imposition of additional duties, tariffs or trade restrictions could have a material adverse effect on our business, results of operations and financial condition.
  • We are subject to risks associated with leasing retail space subject to long-term and non-cancelable leases. We may be unable to renew leases at the end of their terms. If we close a leased retail space, we remain obligated under the applicable lease.
  • We are dependent on a limited number of distribution facilities. If one or more of our distribution facilities experience operational difficulties or becomes inoperable, it could have a material adverse effect on our business, results of operations and financial condition.
  • Fluctuations in our tax obligations and changes in tax laws, treaties and regulations may have a material adverse impact on our future effective tax rates and results of operations.
  • Our business is exposed to foreign currency exchange rate fluctuations.
  • Our current and future licensing and joint venture arrangements may not be successful and may make us susceptible to the actions of third parties over whom we have limited control.
  • Increases in the cost of raw materials could increase our production costs and cause our operating results and financial condition to suffer.
  • We primarily use foreign manufacturing contractors and independent third-party agents to source our finished goods.
  • As we outsource functions, we will become more dependent on the third parties performing these functions.
  • Our business is susceptible to the risks associated with climate change and other environmental impacts which could negatively affect our business and operations.
  • Our industry is subject to significant pricing pressure caused by many factors which may cause our profitability and gross margins in the future to be materially lower than our expectations.
  • Privacy breaches and other cyber security risks related to our business could negatively affect our reputation, credibility and business.
  • A material delay or disruption in our information technology systems or e-commerce websites or our failure or inability to upgrade our information technology systems precisely and efficiently could have a material adverse effect on our business, results of operations and financial condition.
  • If we fail to comply with labor laws or collective bargaining agreements, or if our independent manufacturing contractors fail to use acceptable, ethical business practices, our business and reputation could suffer.
  • We may be unable to protect our trademarks, copyrights and other intellectual property rights, and others may allege that we infringe upon their intellectual property rights.
  • We self-insure certain risks and may be impacted by unfavorable claims experience.
  • We are subject to various proceedings, lawsuits, disputes and claims in the ordinary course of business which could have an adverse impact on our business, financial condition and results of operations.
  • We have incurred a substantial amount of indebtedness, which could adversely affect our financial condition and restrict our ability to incur additional indebtedness or engage in additional transactions.
  • We may be unable to meet financial covenants in our indebtedness agreements which could result in an event of default and restrictive covenants in such agreements may restrict our ability to pursue our business strategies.
  • Our share price may periodically fluctuate based on the accuracy of our earnings guidance or other forward-looking statements regarding our financial performance.
  • Failure to maintain adequate financial and management processes and controls could lead to errors in our financial reporting, which could harm our business and cause a decline in the price of our ordinary shares.
  • Provisions in our organizational documents may delay or prevent our acquisition by a third party.
  • Rights of shareholders under British Virgin Islands law differ from those under United States law, and, accordingly, our shareholders may have fewer protections.
  • The laws of the British Virgin Islands provide limited protection for minority shareholders, so minority shareholders will have limited or no recourse if they are dissatisfied with the conduct of our affairs.
  • It may be difficult to enforce judgments against us or our executive officers and directors in jurisdictions outside the United States.
  • British Virgin Islands companies may not be able to initiate shareholder derivative actions, thereby depriving shareholders of one avenue to protect their interests.
Management Discussion
  • ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • Capri Holdings Limited is a global fashion luxury group, consisting of iconic brands that are industry leaders in design, style and craftsmanship, led by a world-class management team and renowned designers. Our brands cover the full spectrum of fashion luxury categories, including women’s and men’s accessories, footwear and ready-to-wear, as well as wearable technology, watches, jewelry, eyewear and a full line of fragrance products. Our goal is to continue to extend the global reach of our brands while ensuring that they maintain their independence and exclusive DNA.
  • Our Versace brand has long been recognized as one of the world’s leading international fashion design houses and is synonymous with Italian glamour and style. Founded in 1978 in Milan, Versace is known for its iconic and unmistakable style and unparalleled craftsmanship. Over the past several decades, the House of Versace has grown globally from its roots in haute couture, expanding into the design, manufacturing, distribution and retailing of accessories, ready-to-wear, footwear, eyewear, watches, jewelry, fragrance and home furnishings businesses. Versace’s design team is led by Donatella Versace, who has been the brand’s Artistic Director for over 20 years. Versace distributes its products through a worldwide distribution network, which includes boutiques in some of the world’s most glamorous cities, its e-commerce sites, as well as through the most prestigious department and specialty stores worldwide.

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