Capri Q3 2022 Earnings Report
Key Takeaways
Capri Holdings Limited reported strong third quarter fiscal 2022 results, exceeding expectations for revenue, operating margin, and earnings per share. The results were driven by strong momentum across all three luxury houses: Versace, Jimmy Choo, and Michael Kors. The company raised its fiscal 2022 revenue and earnings guidance and expects to generate double-digit revenue and earnings growth in fiscal 2023.
Revenue increased 24% with better than anticipated results across all three luxury houses.
Adjusted gross margin expanded 40 basis points versus prior year.
Adjusted operating margin of 22.3%.
Adjusted earnings per share of $2.22.
Capri
Capri
Capri Revenue by Segment
Capri Revenue by Geographic Location
Forward Guidance
The company expects total revenue of approximately $6.1 billion and diluted earnings per share of approximately $6.60 for fiscal year 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income