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Dec 30, 2023
Capri Q3 2024 Earnings Report
Capri's performance was impacted by softening demand for fashion luxury goods, but sales trends improved sequentially, driven by better results in the retail channel.
Key Takeaways
Capri Holdings Limited reported a decrease in revenue by 5.6% to $1.43 billion, with adjusted earnings per share of $1.20. The company's performance was affected by softening demand for luxury goods, particularly in the Americas, and the Michael Kors Americas Ecommerce implementation issues. However, sales trends improved sequentially, and the company's database surpassed 90 million customers.
Revenue decreased by 5.6% on a reported basis and 6.6% in constant currency.
Adjusted operating margin was 12.1%.
Adjusted earnings per share were $1.20.
The company's database surpassed 90 million customers, with 10.7 million new customers added.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Given the pending merger transaction of Capri Holdings Limited by Tapestry, Inc., the Company does not intend to provide financial guidance.
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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