---
schema_version: "secwatch.filing_event.v1"
accession: "0001530721-23-000029"
form_type: "8-K"
ticker: "CPRI"
cik: "0001530721"
company_name: "Capri Holdings Ltd"
filed_at: "2023-02-08T23:59:59+00:00"
generated_at: "2026-06-19T21:42:38.713644+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001530721-23-000029
- form_type: 8-K
- ticker: CPRI
- cik: 0001530721
- company_name: Capri Holdings Ltd
- filed_at: 2023-02-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1530721/000153072123000029/0001530721-23-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1530721/000153072123000029/cpri-20230208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001530721-23-000029
- JSON: https://secwatch.observer/filing/0001530721-23-000029.json
- Plain text: https://secwatch.observer/filing/0001530721-23-000029.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1530721/000153072123000029/0001530721-23-000029-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.