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0 -0.000544365813826977 -0.000544365813826977 0.00244964616222091 0.000272182906913392 -0.000272182906913392 0.00340228633641807 0.00244964616222091
Stock impact report

Up 6% Year To Date, What Lies Ahead For Tapestry Stock Post Q3 Results? [Forbes]

Capri Holdings Limited Ordinary Shares (CPRI) 
Last capri holdings limited ordinary shares earnings: 2/5 06:30 am Check Earnings Report
Company Research Source: Forbes
Note: Tapestry's FY'23 ended July 1, 2023. , a luxury goods retailer of handbags, shoes, and accessories, is scheduled to report its fiscal third-quarter results on Thursday, May 9. We expect the apparel retailer's stock to trade higher post the fiscal Q3 release with revenues and earnings beating expectations. Tapestry plans to acquire Capri Holdings, formerly known as Michael Kors, by financing the $8.5 billion deal in debt, with its own net debt reported at around $900 million, for a $9.4 billion pro forma net debt load. The deal is expected to close before the end of the 2024 calendar year. That said, the Tapestry- Capri deal will create a huge portfolio of luxury brands as Tapestry's Coach, Kate Spade, and Stuart Weitzman brands will be combined with Capri's Versace, Jimmy Choo, and Michael Kors brands. In Q2, the Coach nameplate had a strong quarter, with sales up 6% year-over-year (y-o-y). But sales at Kate Spade were down 6% y-o-y and Stuart Weitzman sales fell 4%. The Co Show less Read more
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