Capri Holdings Limited (CPRI) Tops Q4 EPS by 20c, Offers Guidance, Approves $1B Buyback Plan

Capri Holdings Limited (NYSE: CPRI) reported Q4 EPS of $1.02, $0.20 better than the analyst estimate of $0.82. Revenue for the quarter came in at $1.49 billion versus the consensus estimate of $1.41 billion.

• On June 1, 2022, the Company’s Board of Directors approved a new share repurchase program of up to $1 billion of its outstanding ordinary shares, providing additional capacity to return cash to shareholders over the longer term. This new two-year program will replace the Company’s existing $1 billion share repurchase program which had $500 million of availability remaining.

GUIDANCE:

Capri Holdings Limited sees Q1 2023 EPS of $1.35, versus the consensus of $1.45. Capri Holdings Limited sees Q1 2023 revenue of $1.3 billion, versus the consensus of $1.35 billion.

Fiscal Year 2023 Quarterly Outlook

For Capri Holdings, the Company expects the following:

For earnings history and earnings-related data on Capri Holdings Limited (CPRI) click here.

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