$CPRI: Continues to stun the market

NYSE:CPRI   Capri Holdings Limited
With another massive earnings beat, the market continues to find value in this name that was getting beaten up long before COVID. Should be interesting to see if CPRI can continue to impress into holiday season and beyond.

Q2 2021 Highlights

  • Revenue increased 178%, with better than anticipated results across all three luxury houses
    Adjusted gross margin expanded 90 basis points versus prior year
    Adjusted operating margin of 20.8%
    Adjusted earnings per share of $1.42
    Raised full year adjusted earnings per share outlook to $4.50


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