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Dec 26, 2020
Capri Q3 2021 Earnings Report
Revenue and earnings exceeded expectations due to execution of strategic initiatives and gross margin expansion.
Key Takeaways
Capri Holdings Limited announced its Q3 Fiscal Year 2021 results, with revenue declining by 17.1% to $1.3 billion. However, earnings were meaningfully higher than anticipated driven by significant gross margin expansion. The company saw positive retail sales in Asia, led by double-digit growth in Mainland China, and double-digit global retail sales growth at Versace.
Revenue decline of 17%, a sequential improvement relative to the second quarter
E-commerce sales improved sequentially, increasing 65%
Positive retail sales in Asia across all luxury houses, led by double digit growth in Mainland China
Double-digit global retail sales growth at Versace
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
By fiscal 2023, the company anticipates revenue and earnings per share will exceed pre-pandemic levels.
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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