Capri Holdings Q2 revenue falls 8.6% to $1.29B; adjusted EPS $1.13 vs $1.79 YoY

Capri Holdings Ltd

2024-Q2 EPS reported $1.17 revenue$2,520,000,000

Total revenue $1.29B, down 8.6% reported, 10.1% constant currency; adjusted EPS $1.13 vs $1.79.
Michael Kors Americas ecommerce transition hurt revenue by ~$50M; issues should resolve by Q4.
Versace revenue $280M (-9.1%); Jimmy Choo $132M (-7.0%); Michael Kors $879M (-8.6%).
Adjusted operating margin 12.2% vs 19.8% a year ago; gross margin 64.4% vs 67.1%.
No guidance provided due to pending merger with Tapestry, expected to close in calendar 2024.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Capri Holdings Ltd reported second fiscal quarter ended September 30, 2023 results: revenue $1.29 billion, net income $90 million, EPS $0.77 per diluted share.

Period: second fiscal quarter ended September 30, 2023
Revenue: $1.29 billion
Net income: $90 million
EPS: $0.77 per diluted share
Result: reported results

Exact text from the filing

Total revenue of $1.29 billion decreased 8.6% compared to last year.

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Source: SEC EDGAR

accession 0001530721-23-000193

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