$CPRI: Continues to stun the market

14 thg 8, 2021

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