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Why Capri Holdings Stock Fell Today

Why Capri Holdings Stock Fell Today

Shares of fashion apparel company Capri Holdings (NYSE: CPRI) fell on Wednesday after the company released financial results for its fiscal fourth quarter of 2023. As of 1 p.m. ET, Capri Holdings stock was down 10% and hitting 52-week lows. In Q4, which ended April 1, Capri Holdings had revenue of $1.3 billion, which was down 10.5%.