•
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
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