- Adjusted earnings per share (EPS) were 45 cents, significantly down from $1.20 the previous year and below the estimated 64 cents.
- The company reported a loss per share of $4.61, contrasting with an EPS of 88 cents in the previous year.
- Revenue was reported at $1.26 billion, representing a 12% decrease from the previous year and meeting the estimated $1.26 billion.
- Michael Kors revenue reached $909 million, down 12% year-over-year, slightly above the estimate of $899.2 million.
- Versace’s revenue was $193 million, a 15% decline year-over-year, slightly exceeding the estimate of $191.2 million.
- Jimmy Choo generated $159 million in revenue, a 4.2% decrease year-over-year, falling short of the estimate of $165.6 million.
- Adjusted net income was $54 million, a significant 62% decrease year-over-year, and below the estimated $75.5 million.
- The total number of stores was 1,205, a 5.1% decrease compared to the previous year.
- Versace stores increased slightly by 0.4% to 234, below the estimate of 238.29 stores.
- Jimmy Choo stores decreased by 5.5% to 224, under the estimate of 227.57 stores.
- Michael Kors stores fell by 6.6% to 747, not meeting the estimated 749.17 stores.
- John D. Idol, Capri Holdings’ Chairman and CEO, expressed disappointment with the challenging quarter results.
- Analyst recommendations were 7 buys and 10 holds, with no sell recommendations.
Capri Holdings on Smartkarma
Analysts at Baptista Research have provided insightful coverage of Capri Holdings Limited on Smartkarma, highlighting important drivers influencing the company’s growth trajectory. In one report titled “Capri Holdings Limited: Cost Structure Optimization As A Pivotal Factor Driving Growth! – Major Drivers,” the analysts noted the mixed financial results for the fourth quarter and the full fiscal year 2023. Despite facing economic challenges, the luxury brands under Capri Holdings showed resilience, with revenue increasing in high single digits and earnings per share growing in mid-single digits on a constant-currency basis. However, the wholesale channel fell below expectations.
In another report titled “Capri Holdings Limited: Expansion of Direct-to-Consumer Channels and E-Commerce! – Major Drivers,” Baptista Research discussed the company’s revenue growth and earnings per share rise in the fourth quarter and full fiscal year 2023. Although initial expectations were not fully met, the expansion of direct-to-consumer channels and e-commerce presented significant areas of strength for Capri Holdings. This coverage provides investors with valuable insights into the performance and strategic focus of Capri Holdings in navigating evolving market conditions.
A look at Capri Holdings Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Capri Holdings Limited, a company specializing in luxury apparel retail, presents a mixed outlook based on the Smartkarma Smart Scores. With a value score of 3, Capri Holdings demonstrates fair potential in terms of its underlying value. However, the company’s dividend score of 1 suggests a lower level of return to shareholders in the form of dividends. The growth score of 2 indicates moderate prospects for future expansion, while resilience and momentum scores of 2 point towards average stability and momentum in the market for Capri Holdings.
In summary, Capri Holdings caters to a global clientele with a wide range of luxury fashion products. Despite a varied performance across different factors, the company’s overall outlook reflects a blend of opportunities and challenges. Investors may consider a cautious approach given the mix of scores across value, dividend, growth, resilience, and momentum for Capri Holdings.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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