NYSE$CPRI

Capri Holdings Ltd · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Capri's financial performance was impacted by the COVID-19 pandemic, with revenue declining but strategic initiatives showing progress prior to the pandemic's onset.

Capri Holdings Limited reported a decrease in fourth-quarter revenue by 11.3% to $1.2 billion. Adjusted earnings per share were $0.11, which included a negative impact of $0.44 due to tax valuation allowances. The company has taken several actions to reduce expenses and maintain a strong liquidity position in response to the global pandemic.

  • Fourth quarter revenue decreased by 11.3%.
  • Adjusted operating margin for the fourth quarter was 8.3%.
  • Adjusted earnings per share for the fourth quarter was $0.11, including tax valuation allowances.
  • Company expects first quarter fiscal 2021 revenues to decline approximately 70% compared to prior year.

Headline financials

Total Revenue

$1.19B

Previous: $1.34B-11.3%
EPS (adj)

$0.11

Previous: $0.63-82.5%
Michael Kors revenue decline

18.4%

No prior period
Jimmy Choo revenue decline

23.0%

No prior period
Capital Expenditures

$59M

Previous: $46.3M+27.4%
Free Cash Flow

$48M

Previous: -$128M+137.5%
Net Income

-$551M

Previous: $19M-3000.0%
Operating Income

-$536M

Previous: $40M-1440.0%
Gross Profit

$631M

Previous: $793M-20.4%
Cash & Equivalents

$592M

Previous: $172M+244.2%
Total Assets

$7.95B

Previous: $6.65B+19.5%
Stock-Based Comp

$5M

Previous: $21.7M-77.0%

Revenue & EPS history

Capri · Revenue · Quarterly

$1.19B

Q4 2020-11.3%vs Q4 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Capri · $979M total across 2 segments · Q4 2020

  • Michael Kors
    $872M-18.4%
  • Jimmy Choo
    $107M-23.0%

Forward guidance

Due to the lack of visibility surrounding the pandemic, macroeconomic fundamentals and tourism, the impacts on our financial and operating results cannot reasonably be estimated at this time. Therefore, the company is not providing guidance for its fiscal year 2021.

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 Q4 2020

Historical avgQ4 2020

+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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