NYSE$CPRI

Capri Holdings Ltd · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Revenue and earnings exceeded expectations.

Capri Holdings Limited announced its financial results for the second quarter of fiscal 2021, with revenue and earnings surpassing expectations. Total revenue was $1.1 billion, a decrease of 23.0% compared to last year. Adjusted earnings per share were $0.90.

  • Revenue decline of 23.0%, a significant improvement from the first quarter
  • E-commerce sales improved sequentially, increasing approximately 60%
  • Positive sales in Mainland China across all luxury houses
  • Adjusted earnings per share of $0.90

Headline financials

Total Revenue

$1.11B

Previous: $1.44B-23.0%
EPS (adj)

$0.90

Previous: $1.16-22.4%
Gross margin

64.0%

No prior period
Operating margin

13.8%

No prior period
Adjusted operating margin

16.4%

No prior period
Capital Expenditures

-$59M

Previous: -$105M+43.8%
Free Cash Flow

$78M

Previous: $138M-43.5%
Net Income

$122M

Previous: $73M+67.1%
Operating Income

$153M

Previous: $75M+104.0%
Gross Profit

$710M

Previous: $874M-18.8%
Cash & Equivalents

$238M

Previous: $179M+33.0%
Total Assets

$7.8B

Previous: $8.39B-7.0%
Stock-Based Comp

$17M

Previous: $21M-19.0%

Revenue & EPS history

Capri · Revenue · Quarterly

$1.11B

Q2 2021-23%vs Q2 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Capri · $915M total across 2 segments · Q2 2021

  • Michael Kors
    $793M-27.2%
  • Jimmy Choo
    $122M-2.4%

Forward guidance

The company is not providing annual earnings guidance for fiscal year 2021 due to the lack of visibility surrounding the progression of the pandemic, macroeconomic fundamentals, and tourism flows.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+2.4%

Avg return

Earnings day

+2.5%

Avg return

5 days after

+3.3%

Avg return

30 days after

59%

34 / 58 earnings

Positive

+53.5%

Q1 2024

Best reaction

-25.5%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026
Q3 2026-13.4%-12.8%-19.2%
Q2 2026-0.0%+6.7%+33.5%
Q1 2026+14.3%+6.7%+16.9%
Q4 2025+3.1%-0.9%+0.2%
Q3 2025-10.1%-8.5%-13.1%
Q2 2025-6.7%-11.9%+1.3%
Q1 2025-4.2%-6.2%+9.1%
Q4 2024-1.2%+0.5%-3.4%
Q3 2024+1.3%+1.8%+1.2%
Q2 2024-2.3%-1.5%+0.5%
Q1 2024+53.5%+50.0%+52.5%
Q4 2023-13.0%-9.8%-9.3%
Q3 2023-25.5%-22.8%-35.4%
Q2 2023+4.5%+10.9%+21.5%
Q1 2023-1.8%+1.2%-5.3%
Q4 2022+0.6%+4.8%-15.4%
Q3 2022+4.9%+5.4%-11.3%
Q2 2022+19.9%+16.6%+10.8%
Q1 2022+14.2%+16.6%+16.7%
Q4 2021+6.6%+7.1%+6.3%
Q3 2021+6.6%+9.0%+11.6%
Q2 2021+7.2%+20.8%+68.1%
Q1 2021+7.2%+20.1%+22.2%
Q4 2020-2.6%+0.5%-4.2%
Q3 2020+1.9%-2.2%-25.5%
Q2 2020+4.5%+6.7%+11.9%
Q1 2020+3.5%-5.5%-11.1%
Q4 2019-13.1%-12.5%-10.8%
Q3 2019+8.2%+4.5%+0.1%
Q2 2019-12.8%-16.9%-29.5%
Q1 2019+10.3%+8.9%+10.3%
Q4 2018-15.9%-11.2%-2.4%
Q3 2018-8.3%-7.0%-6.2%
Q2 2018+14.7%+14.9%+25.7%
Q1 2018+23.0%+20.0%+13.8%
Q4 2017-8.8%-4.9%-0.1%
Q3 2017-8.3%-7.0%-11.7%
Q2 2017-1.0%-6.5%-1.6%
Q1 2017-2.0%-0.3%-4.7%
Q4 2016+11.2%+16.1%+17.2%
Q3 2016+27.9%
Q2 2016+10.6%
Q1 2016+11.0%
Q4 2015-24.4%
Q3 2015+0.9%
Q2 2015-7.2%
Q1 2015-3.3%
Q4 2014-3.6%
Q3 2014+19.1%
Q2 2014+6.3%
Q1 2014+2.4%
Q4 2013+6.0%
Q3 2013+7.6%
Q2 2013-4.9%
Q1 2013+16.6%
Q4 2012+1.7%
Q4 2011+1.7%
Q4 2010+1.7%
Q1 2012

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