Capri Holdings Ltd

$19.00

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SKU: CPRI-1 Category:

Description

Capri Holdings delivered a strong result, surpassing Wall Street expectations in terms of both, revenues & earnings. With the increase in vaccine rate and opening of regions, Michal Kors viewed a strong domestic consumer demand and the company saw progress in all three luxury houses, namely Michael Kors, Jimmy, and Versace. There has been a growth of margin expansion and revenue growth, reflecting the successful execution of its strategic growth initiatives. E-commerce has seen double-digit growth and gross margin expanded over all three luxury houses in the quarter. In terms of key developments, Michal Kors launched its first-ever childrenswear in partnership with Children Worldwide Fashion, a French Luxury Group. The inventory constraints decreased the revenue growth. Three powerful iconic pillars were created by Versace, namely La Medusa, Virtus, and La Greca Signature pattern, which have received a good response. To broaden the reach of Versace and increase its sales, the company expanded its core lines that incorporate iconic house codes. The line feature of MKGO has attracted younger and new customers with the new product augmented by a strong communication strategy of 360 degrees. During the fashion week of New York, the company’s Michael Kors brand was among the best-engaged brands on social media. We give the company a ‘Hold’ rating with a revision in target price. 

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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