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Jun 26, 2021
Capri Q1 2022 Earnings Report
Revenue and earnings significantly exceeded expectations, leading to an increased full-year adjusted earnings per share outlook.
Key Takeaways
Capri Holdings Limited reported a strong first quarter fiscal 2022, with revenue increasing by 178% and adjusted earnings per share of $1.42. All three luxury houses, Versace, Jimmy Choo, and Michael Kors, exceeded revenue and earnings expectations.
Revenue increased 178%, with better than anticipated results across all three luxury houses.
Adjusted gross margin expanded 90 basis points versus prior year.
Adjusted operating margin of 20.8%.
Adjusted earnings per share of $1.42.
Capri
Capri
Capri Revenue by Segment
Capri Revenue by Geographic Location
Revenue by Segment
Michael Kors Revenue
CapyFin.comJimmy Choo Revenue
CapyFin.comRevenue by Geographic Location
EMEA Revenue
CapyFin.comAsia Revenue
CapyFin.com Forward Guidance
The Company expects total revenue of approximately $5.3 billion and diluted earnings per share of approximately $4.50 for fiscal year 2022.
Positive Outlook
- Total revenue of approximately $5.3 billion
- Operating margin of approximately 16%
- Net interest expense of approximately $5 million
- Effective tax rate of approximately 17%
- Diluted earnings per share of approximately $4.50
Revenue & Expenses
Visualization of income flow from segment revenue to net income