Capri Holdings Ltd

CPRI: XNYS (USA)
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Capri Earnings: Progress in Building Brand Health Despite Near-Term Issues; Shares Attractive

Capri's first-quarter sales fell 3.5% as a 7.1% decrease from Michael Kors (77% of total) offset a 10.5% rise from Jimmy Choo (23%). Gross margin increased 2 percentage points to 65% and adjusted operating margin improved to 3.6% from 2.5%.

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