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Mar 30, 2024

Capri Q4 2024 Earnings Report

Capri's financial performance declined due to softening demand for luxury goods, but database growth indicated brand strength.

Key Takeaways

Capri Holdings Limited reported a decrease in revenue by 8.4% to $1.223 billion in Q4 2024, impacted by softening global demand for luxury goods. The company's adjusted earnings per share (EPS) was $0.42. Despite the revenue decline, the company added 11.6 million new consumers to its databases, reflecting a 14% growth year-over-year.

Revenue decreased by 8.4% year-over-year, totaling $1.223 billion.

Adjusted operating margin was 6.4%.

Adjusted earnings per share (EPS) reached $0.42.

11.6 million new consumers were added across brand databases, a 14% increase year-over-year.

Total Revenue
$1.22B
Previous year: $1.34B
-8.4%
EPS
$0.42
Previous year: $0.97
-56.7%
Versace revenue decline
264,000,000%
Jimmy Choo revenue decline
137,000,000%
Michael Kors revenue decline
822,000,000%
Gross Profit
$767M
Previous year: $867M
-11.5%
Cash and Equivalents
$199M
Previous year: $249M
-20.1%
Free Cash Flow
-$6M
Previous year: $97M
-106.2%
Total Assets
$6.69B
Previous year: $7.3B
-8.3%

Capri

Capri

Capri Revenue by Segment

Capri Revenue by Geographic Location

Forward Guidance

Capri Holdings does not intend to provide financial guidance due to the pending merger transaction with Tapestry, Inc.

Revenue & Expenses

Visualization of income flow from segment revenue to net income