Capri Holdings Q1 revenue down 9.6%, adjusted EPS $0.74; to be acquired by Tapestry

Capri Holdings Ltd

Revenue $1.23B, down 9.6% YoY; adjusted EPS $0.74 vs $1.50 prior year.
Versace revenue $259M (-5.8%), Jimmy Choo $183M (+6.4%), Michael Kors $787M (-13.8%).
Adjusted operating margin 9.0%, down from 18.5% prior year.
Company announces planned acquisition by Tapestry, Inc.; financial guidance withdrawn.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Capri Holdings Ltd reported first fiscal quarter ended July 1, 2023 results: revenue $1.23 billion, net income $48 million, or $0.41 per diluted share, EPS $0.74 per diluted share.

Period: first fiscal quarter ended July 1, 2023
Revenue: $1.23 billion
Net income: $48 million, or $0.41 per diluted share
EPS: $0.74 per diluted share
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 First Quarter Fiscal 2024 Results • Total revenue of $1.23 billion decreased 9.6% compared to last year. On a constant currency basis, total revenue decreased 9.3%. • Gross profit was $812 million and gross margin was 66.1%, c ompared to $901

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Source: SEC EDGAR

accession 0001530721-23-000172

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