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Apr 02, 2022
Capri Q4 2022 Earnings Report
Capri achieved record revenue, gross margin, and EPS, driven by strong performance across all luxury houses.
Key Takeaways
Capri Holdings Limited reported a strong fourth quarter and full year fiscal 2022, achieving the highest revenue, gross margin, and earnings per share in the company's history. Total revenue increased by 24.6% to $1.492 billion, and adjusted earnings per share reached $1.02.
Revenue increased 24.6%, with better than anticipated results across all three luxury houses
Adjusted gross margin expanded 20 basis points versus prior year
Adjusted operating margin expansion of 230 basis points to 14.2%
Adjusted earnings per share of $1.02
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Capri Holdings expects total revenue of approximately $5.95 billion for fiscal year 2023, an increase of approximately 5% versus prior year on a reported basis and approximately 10% in constant currency. Diluted earnings per share are expected to be approximately $6.85.
Positive Outlook
- Total revenue of approximately $5.95 billion, increasing approximately 5% versus prior year on a reported basis and approximately 10% in constant currency
- Gross margin approximately flat to fiscal year 2022, reflecting benefits from strategic initiatives offset by higher transportation and input costs
- Operating margin of approximately 18%
- Net interest income of approximately $35 million
- Effective tax rate of approximately 11%
Challenges Ahead
- Financial results could differ materially from the current outlook due to a number of external events which are not reflected in our guidance, including any significant additional store closures or new government restrictions that could further impact traffic and sales trends
- Any greater supply chain disruptions that could further extend inventory delays or increase transportation expenses
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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