NYSE$CPRI

Capri Holdings Ltd · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Revenue and earnings exceeded expectations, retail sales increased globally, and adjusted gross margin expanded.

Capri Holdings Limited reported Q4 fiscal 2021 results with revenue approximately flat compared to last year and adjusted earnings per share of $0.38. The company experienced growth in retail sales and e-commerce, and adjusted gross margin expanded across all luxury houses.

  • Revenue was flat to prior year, a sequential improvement relative to the third quarter.
  • Retail sales increased 13% globally, with growth across all three luxury houses.
  • E-Commerce sales improved sequentially, increasing approximately 80%.
  • Adjusted gross margin expanded 280 basis points versus prior year, with margin expansion across all luxury houses.

Headline financials

Total Revenue

$1.2B

Previous: $1.19B+0.4%
EPS (adj)

$0.38

Previous: $0.11+245.5%
Adjusted operating margin

11.9%

No prior period
Capital Expenditures

$26M

Previous: $59M-55.9%
Free Cash Flow

$53M

Previous: $48M+10.4%
Net Income

-$183M

Previous: -$551M+66.8%
Operating Income

-$139M

Previous: -$536M+74.1%
Gross Profit

$737M

Previous: $631M+16.8%
Cash & Equivalents

$232M

Previous: $592M-60.8%
Total Assets

$7.48B

Previous: $7.95B-5.9%
Stock-Based Comp

$18M

Previous: $5M+260.0%

Revenue & EPS history

Capri · Revenue · Quarterly

$1.2B

Q4 2021+0.4%vs Q4 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Capri · $962M total across 2 segments · Q4 2021

  • Michael Kors
    $838M-3.9%
  • Jimmy Choo
    $124M+15.9%

Forward guidance

The Company expects total revenue of approximately $1.4 billion and diluted earnings per share of approximately $0.55 to $0.60 for Q4 2022.

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 2021

Historical avgQ4 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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