Capri Holdings Limited reported Q4 fiscal 2021 results with revenue approximately flat compared to last year and adjusted earnings per share of $0.38. The company experienced growth in retail sales and e-commerce, and adjusted gross margin expanded across all luxury houses.
Revenue was flat to prior year, a sequential improvement relative to the third quarter.
Retail sales increased 13% globally, with growth across all three luxury houses.
E-Commerce sales improved sequentially, increasing approximately 80%.
Adjusted gross margin expanded 280 basis points versus prior year, with margin expansion across all luxury houses.
The Company expects total revenue of approximately $1.4 billion and diluted earnings per share of approximately $0.55 to $0.60 for Q4 2022.
Visualization of income flow from segment revenue to net income