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Jun 27, 2020
Capri Q1 2021 Earnings Report
Capri's financial performance exceeded initial expectations with strong eCommerce growth and sequential revenue improvement.
Key Takeaways
Capri Holdings Limited reported a significant decline in revenue due to the COVID-19 pandemic, but performance was better than initially expected. The company experienced a decrease in total revenue and a net loss, but also saw adjusted gross margin expansion. They ended the quarter with approximately $1.1 billion in liquidity.
First quarter revenue declined by 66.5%, surpassing initial expectations.
Adjusted gross margin expanded by 480 basis points compared to the previous year.
Adjusted loss per share was $1.04.
The company concluded the first quarter with roughly $1.1 billion in available liquidity.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Due to the lack of visibility surrounding the pandemic, macroeconomic fundamentals and tourism, the impacts on our financial and operating results cannot reasonably be estimated at this time. Therefore, the company is not providing earnings guidance for its fiscal year 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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