NYSE$CPRI
Capri Holdings Ltd · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Financial performance was more challenging than anticipated, but growth in the own retail channel and strategic initiatives showed strength.
Capri Holdings Limited reported a decrease in total revenue by 6.0% to $1.51 billion, with a 0.5% decrease on a constant currency basis. Adjusted earnings per share were $1.84. The company's global wholesale business performance was disappointing, leading to expense deleverage and a lower operating margin.
- Total revenue decreased 6.0% on a reported basis and 0.5% in constant currency.
- Adjusted operating margin was 16.9%.
- Adjusted earnings per share were $1.84.
- Company repurchased approximately 5.7 million ordinary shares for approximately $300 million.
Headline financials
Revenue & EPS history
Capri · Revenue · Quarterly
$1.51B
Revenue by segment
Capri · $1.26B total across 2 segments · Q3 2023
- Michael Kors$1.1B-7.2%86.7%
- Jimmy Choo$168M-5.6%13.3%
Forward guidance
For the fourth quarter of fiscal year 2023, Capri Holdings expects total revenue of approximately $1.275 billion and diluted earnings per share of $0.90-$0.95.
Tailwinds
- Versace total revenue of approximately $280 million.
- Versace operating margin of approximately 10%.
- Michael Kors total revenue of approximately $865 million.
- Michael Kors operating margin of approximately 15%.
- Capri Holdings weighted average diluted shares outstanding of approximately 126 million.
Headwinds
- Capri Holdings total revenue of approximately $1.275 billion.
- Capri Holdings operating margin of approximately 8.5%.
- Capri Holdings net interest expense of approximately $11 million.
- Capri Holdings effective tax rate of approximately (20)%.
- Jimmy Choo total revenue of approximately $130 million.
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 Q3 2023
+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
| Quarter | Report date | Reaction (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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