Capri Holdings Q3 revenue $1.43B, down 5.6%; adjusted EPS $1.20 vs $1.84 prior year

Capri Holdings Ltd

2024-Q3 EPS reported $2.06 revenue$3,947,000,000

Total revenue $1.43B, down 5.6% reported; adjusted EPS $1.20, down from $1.84 year over year.
Adjusted operating margin 12.1%, down from 16.9%, citing lower full-price sell-throughs and expense deleverage.
Michael Kors revenue $1.03B (-5.6%); e-commerce issues largely resolved, retail sales down mid-single-digits.
Versace posted an operating loss of $14M (vs income $24M); Jimmy Choo operating income $4M (vs $18M).
Repaid $313M debt; net debt $1.60B; inventory down 14% YoY; guidance withheld due to pending Tapestry merger.

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 0.95

Capri Holdings Ltd reported third fiscal quarter ended December 30, 2023 results: revenue $1.43 billion, net income $105 million, EPS $0.88 per diluted share.

Period: third fiscal quarter ended December 30, 2023
Revenue: $1.43 billion
Net income: $105 million
EPS: $0.88 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 Third Quarter Fiscal 2024 Results • Total revenue of $1.43 billion decreased 5.6% compared to last year. On a constant currency basis, total revenue decreased 6.6%. Total company retail sales declined in the mid-single-d igits with trends being

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Source: SEC EDGAR

accession 0001530721-24-000016

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