Capri: Q4 EPS drops 5%
(CercleFinance.com) - Capri Holdings, the parent company of the Michael Kors brand, amongst others, has reported adjusted EPS of $0.
97 for Q4 2022-23, compared to $1.02 a year ago, with an adjusted operating margin that is down 5.1 points at 9.1%.
At $1.33bn, its sales fell by 10.5% (-3% at constant exchange rates over 13 weeks), with declines of over 10% for the Versace (-13%) and Michael Kors (-10.9%) divisions, but a lesser fall for Jimmy Choo (-3.2%).
For FY 2023-24, the New York based fashion house expects adjusted EPS of around $6.40, an adjusted operating margin of around 16.5% and sales of around $5.7bn.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
97 for Q4 2022-23, compared to $1.02 a year ago, with an adjusted operating margin that is down 5.1 points at 9.1%.
At $1.33bn, its sales fell by 10.5% (-3% at constant exchange rates over 13 weeks), with declines of over 10% for the Versace (-13%) and Michael Kors (-10.9%) divisions, but a lesser fall for Jimmy Choo (-3.2%).
For FY 2023-24, the New York based fashion house expects adjusted EPS of around $6.40, an adjusted operating margin of around 16.5% and sales of around $5.7bn.
Copyright (c) 2023 CercleFinance.com. All rights reserved.