Capri Holdings Limited: Cost Structure Optimization As A Pivotal Factor Driving Growth!

Capri Holdings Limited reported mixed financial results for the fourth quarter and the full fiscal year 2023, navigating a challenging economic environment while demonstrating resilience across its luxury brands—Versace, Jimmy Choo, and Michael Kors. The company achieved a high-single-digit increase in revenue and mid-single-digit growth in earnings per share on a constant-currency basis over the fiscal year. However, the results fell short of initial expectations, particularly in the wholesale channel, which experienced significant declines.