Capri Holdings Limited Provides Earnings Guidance for the Fourth Quarter, Full Fiscal Year 2022 and 2023; Expects Earnings Guidance for the First Quarter, Second Quarter, Third Quarter and Fourth Quarter of 2023
February 02, 2022 at 05:15 pm IST
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Capri Holdings Limited provided earnings guidance for the fourth quarter, full fiscal year 2022 and 2023. For the quarter, the company expected total revenue of approximately $1.4 billion, net interest income of approximately $5 million and diluted earnings per share of approximately $0.80.
For the full year 2022, the company expected total revenue of approximately $5.56 billion, including approximately $75 million from the 53rd week, net interest income of approximately $17 million and diluted earnings per share of approximately $6.00.
For the full year 2023, the company expected total revenue of approximately $6.1 billion and diluted earnings per share of approximately $6.60.
For the first quarter of 2023, the company expected revenue of $1.35 billion.
For the second quarter of 2023, the company expected revenue of $1.45 billion.
For the third quarter of 2023, the company expected revenue of $1.75 billion.
For the fourth quarter of 2023, the company expected revenue of $1.55 billion.
Capri Holdings Limited is a holding company, which owns brands that are designers, marketers, distributors and retailers of womenâs and menâs accessories, footwear and ready-to-wear bearing the Versace, Jimmy Choo and Michael Kors tradenames and related trademarks and logos. The Company operates in three segments: Versace, Jimmy Choo and Michael Kors. Versace segment include sale of Versace luxury ready-to-wear, accessories and footwear through directly operated Versace boutiques throughout the Americas, certain parts of Europe, Middle East and Africa (EMEA) and certain parts of Asia, as well as through Versace outlet stores and e-commerce sites. Jimmy Choo segment includes Jimmy Choo luxury footwear, handbags and small leather goods and accessories. Michael Kors segment includes the sale of Michael Kors products through four Michael Kors retail store formats: Collection stores, Lifestyle stores (including concessions), outlet stores and e-commerce sites.
Capri Holdings Limited Provides Earnings Guidance for the Fourth Quarter, Full Fiscal Year 2022 and 2023; Expects Earnings Guidance for the First Quarter, Second Quarter, Third Quarter and Fourth Quarter of 2023