Capri Q4 2020 Earnings Report
Key Takeaways
Capri Holdings Limited reported a decrease in fourth-quarter revenue by 11.3% to $1.2 billion. Adjusted earnings per share were $0.11, which included a negative impact of $0.44 due to tax valuation allowances. The company has taken several actions to reduce expenses and maintain a strong liquidity position in response to the global pandemic.
Fourth quarter revenue decreased by 11.3%.
Adjusted operating margin for the fourth quarter was 8.3%.
Adjusted earnings per share for the fourth quarter was $0.11, including tax valuation allowances.
Company expects first quarter fiscal 2021 revenues to decline approximately 70% compared to prior year.
Capri
Capri
Capri Revenue by Segment
Capri Revenue by Geographic Location
Forward Guidance
Due to the lack of visibility surrounding the pandemic, macroeconomic fundamentals and tourism, the impacts on our financial and operating results cannot reasonably be estimated at this time. Therefore, the company is not providing guidance for its fiscal year 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income