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Mar 27, 2021

Capri Q4 2021 Earnings Report

Revenue and earnings exceeded expectations, retail sales increased globally, and adjusted gross margin expanded.

Key Takeaways

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.

Total Revenue
$1.2B
Previous year: $1.19B
+0.4%
EPS
$0.38
Previous year: $0.11
+245.5%
Gross Profit
$737M
Previous year: $631M
+16.8%
Cash and Equivalents
$232M
Previous year: $592M
-60.8%
Free Cash Flow
$53M
Previous year: $48M
+10.4%
Total Assets
$7.48B
Previous year: $7.95B
-5.9%

Capri

Capri

Capri Revenue by Segment

Capri Revenue by Geographic Location

Forward Guidance

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.

Revenue & Expenses

Visualization of income flow from segment revenue to net income