Capri Holdings Backs FY22 EPS Outlook, But Trimmed Revenue Forecast

RTTNews | 876日前
Capri Holdings Backs FY22 EPS Outlook, But Trimmed Revenue Forecast

(RTTNews) - While reporting financial results for the second quarter on Wednesday, fashion luxury group Capri Holdings Ltd. (CPRI) maintains its earnings guidance for the full-year 2023, while trimming annual revenue outlook. The company also provided forecast for the third quarter.

For the third quarter, the company projects earnings of about $2.20 per share on revenues of about $1.53 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $2.43 per share on revenues of $1.64 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2023, the company continues to projects earnings of approximately $6.85 per share, but trimmed its revenue outlook to about $5.70 billion from the prior guidance of about $5.85 billion.

The Street is looking for earnings of $6.76 per share on revenues of $5.83 billion for the year.

The Company also announced that its Board of Directors approved a new share repurchase program of up to $1 billion of its outstanding ordinary shares, providing additional capacity to return cash to shareholders over the longer term.

This new two-year program will replace the Company's existing $1 billion share repurchase program which had $250 million of availability remaining.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Capri Holdings Guides FY24 EPS Above Estimates - Update

Capri Holdings Guides FY24 EPS Above Estimates - Update

While reporting financial results for the fourth quarter on Wednesday, fashion luxury group Capri Holdings Ltd. (CPRI) initiated its earnings and revenue guidance for the first quarter and full-year 2024.
RTTNews | 673日前
Swiss Market Ends Sharply Lower On Tariff Woes

Swiss Market Ends Sharply Lower On Tariff Woes

Swiss stocks fell sharply on Thursday, in line with equities across the globe, as U.S. President Donald Trump's sweeping tariff announcement fueled inflation and growth concerns, prompting investors to exit counters.
RTTNews | 6時28分前
Canadian Market Down Sharply On Heavy Selling As Trump's Tariffs Hurt Sentiment

Canadian Market Down Sharply On Heavy Selling As Trump's Tariffs Hurt Sentiment

Canadian stocks are deep down in the red on Thursday, hurt by U.S. President Donald Trump's sweeping tariff announcement that is likely to trigger a global trade war, which could push up inflation and hinder economic growth. The benchmark S&P/TSX Composite Index, which crashed to 24,429.24, losing about 880 points, was down 737.43 points or 2.91% at 24,569.75 a little while ago.
RTTNews | 7時40分前
U.S. Services Index Drops To Nine-Month Low In March

U.S. Services Index Drops To Nine-Month Low In March

U.S. service sector growth slowed by more than anticipated in the month of March, according to a report released by the Institute for Supply Management on Thursday. The ISM said its services PMI fell to 50.8 in March after inching up to 53.5 in February. While a reading above 50 still indicates growth, economists had expected the index to show a more modest decrease to 53.0.
RTTNews | 9時26分前
U.S. Trade Deficit Shrinks From Record High As Exports Surge

U.S. Trade Deficit Shrinks From Record High As Exports Surge

The Commerce Department released a report on Thursday showing the U.S. trade deficit narrowed in the month of February after soaring to a record high in January. The report said the trade deficit decreased to $122.7 billion in February after spiking to a revised $130.7 billion in January.
RTTNews | 9時32分前
U.S. Weekly Jobless Claims Unexpectedly Dip To 219,000

U.S. Weekly Jobless Claims Unexpectedly Dip To 219,000

A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended March 29th. The report said initial jobless claims dipped to 219,000, a decrease of 6,000 from the previous week's revised level of 225,000.
RTTNews | 9時54分前