Capri Holdings Limited Announces Fourth Quarter and Full Year Fiscal 2021 Results
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Capri Holdings Limited (CPRI) Tops Q4 EPS by 36c, Revenues Beat; Offers FY22 Revenues Guidance Above Consensus, 1Q EPS/Revs. View Above Consensus
May 26, 2021 6:50 AM EDTCapri Holdings Limited (NYSE: CPRI) reported Q4 EPS of $0.38, $0.36 better than the analyst estimate of $0.02. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.02 billion.
Fourth Quarter Fiscal 2021 Highlights
Revenue was flat to prior year, a sequential improvement relative to the third quarterRetail sales increased 13% globally, with growth across all three luxury housesE-Commerce sales improved sequentially, increasing approximately 80%Adjusted gross margin expanded 280 basis points versus prior year, with margin expansion across all luxury housesAdjusted operating margin expansion of 360 basis points to... More