Capri Holdings Q3 revenue down 6% to $1.51B, adj EPS $1.84; FY2024 guidance $5.8B, $6.40 EPS

Capri Holdings Ltd

2023-Q3 EPS reported $4.74 revenue$4,284,000,000

Total revenue $1.51B, down 6.0% reported, 0.5% constant currency; adjusted operating margin 16.9%.
Adjusted diluted EPS $1.84 vs $2.22 prior year; net income $225M GAAP.
Versace CC up 11.2%, Jimmy Choo CC up 3.4%, Michael Kors CC down 3.6% (reported down 7.2%).
Inventory $1.188B, up 21% YoY; expects below prior year by Q4 end.
Share repurchases ~5.7M shares for $300M in Q3; FY2024 guidance: revenue ~$5.8B, EPS ~$6.40.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

Capri Holdings Ltd reported third fiscal quarter ended December 31, 2022 results: revenue $1.51 billion, net income $225 million, EPS $1.84 per diluted share. Guidance lowered.

Period: third fiscal quarter ended December 31, 2022
Revenue: $1.51 billion
Net income: $225 million
EPS: $1.84 per diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

of GAAP to non-GAAP financial information is provided at the end of this press release. Overview of Capri Holdings Third Quarter Fiscal 2023 Results: • Total revenue of $1.51 billion decreased 6.0% compared to last year. On a constant currency basis, total revenue decreased 0.5%. • Gross profit was $1.01 billion and gross margin was 66.5%, c ompared to $1.05

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Source: SEC EDGAR

accession 0001530721-23-000029

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