Capri Holdings Limited (CPRI) Tops Q3 EPS by 18c, Revenues Miss; Raises FY19 EPS Guidance

Capri Holdings Limited (NYSE: CPRI) reported Q3 EPS of $1.76, $0.18 better than the analyst estimate of $1.58. Revenue for the quarter came in at $1.44 billion versus the consensus estimate of $1.46 billion.

• Adjusted earnings per share of $1.76 were above expectations
• Raised prior adjusted earnings per share guidance excluding Versace
• Completed Versace acquisition and expanded global fashion luxury group

John D. Idol, the Company’s Chairman and Chief Executive Officer, said, “We are extremely pleased to have recently renamed our Company Capri Holdings Limited and completed the acquisition of Versace. In the quarter, Jimmy Choo delivered strong performance, as we continued to execute on our accelerated growth plans. In Michael Kors, we remain focused on executing our Runway 2020 strategic initiatives and expect our efforts will return the brand to growth next year. For full year fiscal 2019, our luxury group is expected to deliver both double digit revenue and adjusted earnings per share growth. Taken together, we believe our three iconic, founder-led fashion brands position Capri Holdings to accelerate revenue to $8 billion dollars and deliver multiple years of earnings growth."

GUIDANCE:

Capri Holdings Limited sees FY2019 EPS of $4.90-$4.95, versus the consensus of $5.02. Capri Holdings Limited sees FY2019 revenue of $5.22 billion, versus the consensus of $5.14 billion.

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

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