Capri Group’s Latest Quarterly Performance Fell Short of Expectations, and Its Stock Price Fell by More Than 20%

2月 12, 2023

On February 8, U.S.A. time, Capri Holdings Ltd., an American luxury goods group (hereinafter referred to as Capri), announced its financial results for the third quarter of the 2023 fiscal year ending December 31, 2022. Sales revenue decreased by 6% to $1.51 billion, a decrease of 0.5% on a constant currency basis, slightly below expectations; net profit was $225 million, compared to $322 million in the same period of the 2022 fiscal year. In addition, net inventory was $1.188 billion as of December 31, an increase of 21% year-over-year, and the group is expected to improve its invent …