Why does Capri Stock Capri Luxury Company gain today? – Capri Holdings (Nyse: CPRI)

Capri Holding CPRI The shares were traded on Wednesday after the company revealed its long -term growth targets.

The company launched the fiscal year revenue forecast of 25 at $ 4.4 billion for $ 4.465 billion. Revenue is expected to be $ 4.1 billion in the 26 and $ 4.4 billion in the fiscal year 27.

John de Edol“We are optimistic about the long -term growth capabilities of Versace, Jimmy Choo and Michael Kors while implementing our strategic initiatives,” said the president of the company and the executive director.

For 2025, Michael Corses is expected to generate $ 3.0 billion in revenue. Versace 810 million dollars are expected to achieve revenue. Jimmy Zhou revenue is expected to reach $ 600 million.

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For FY25, the company records a 2.3 % average operating margin. The modified operating margin is expected to increase to 3.7 % for the 26th year.

For FY25, Michael Kors is expected to have a low -digit margin of two numbers. Versace is expected to have a highly negative negative running margin of one. The Jimmy Choo rally margin is expected to be in the low negative domain of one.

“Our strong brands have permanent value and proven flexibility, which enhances our confidence in its ability to achieve the growth of revenues and profits over time,” Maaboud added.

In November last year, TAPESTRY, Inc. He ended the integration agreement with Capri, noting the uncertainty in the legal process.

according to Benzinga ProCPRI shares lost more than 53 % last year. Investors can expose the stock via Close Slection Equity ETF CBSE.

Price work: CPRI shares are trading by 2.28 % to $ 22.00 in the last selection on Wednesday.

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Photo: Giorgio Borelli/Shutterstock.com.