Capri Holdings Limited (CPRI) Q4 2024 Earnings Report

In the fourth quarter of 2024, Capri Holdings Limited faced significant challenges, reflecting an overall net income loss of $472 million, translating to an EPS of -$4.03. This disappointing performance was attributed to a revenue decline of 8.39% year-over-year (YoY) and a more severe 14.30% decline sequentially. Management has acknowledged these struggles and signaled a strategic pivot aimed at adapting to shifting consumer preferences and enhancing brand loyalty. While the immediate outlook appears concerning, management remains optimistic about long-term brand repositioning and operational efficiencies as they navigate through an evolving luxury market.

The company’s operating income reflected substantial resilience with a remarkable YoY growth of 177.50%, suggesting appropriate cost controls amidst declining revenues. The focus now shifts to scalability and recovery of profitability in an industry marked by intense competition and changing consumer dynamics.