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1 Luxury Stock on Fire at the End of 2022, and It's Not Too Late to Buy

TheMotleyFool

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1 Luxury Stock on Fire at the End of 2022, and It's Not Too Late to Buy: https://g.foolcdn.com/editorial/images/713298/luxury-goods-store.jpg

Shares of luxury goods company Capri Holdings (NYSE: CPRI) are bucking the broader market trend and have raced to a 31% gain over the past quarter.

Capri is the parent company of a trio of luxury brands: Versace, Jimmy Choo, and Michael Kors. The company reported strong second-quarter results in which revenue increased 9% year over year (and 18% on a constant-currency basis). Capri brushed aside economic challenges to post record adjusted earnings per share of $1.79.

While the stock has been on fire during the latter part of 2022, the good news for investors is that it's not too late to buy in. Here's why.

Source Fool.com

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