Capri Holdings Limited Announces Third Quarter Fiscal 2020 Results

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Capri Holdings Limited (CPRI) Tops Q3 EPS by 7c, Lowers Guidance Due to Coronavirus

February 5, 2020 6:36 AM EST

Capri Holdings Limited (NYSE: CPRI) reported Q3 EPS of $1.66, $0.07 better than the analyst estimate of $1.59. Revenue for the quarter came in at $1.57 billion versus the consensus estimate of $1.54 billion.

GUIDANCE:

Capri Holdings Limited sees Q4 2020 EPS of $0.68-$0.73, versus the consensus of $1.18. Capri Holdings Limited sees Q4 2020 revenue of $1.3 billion, versus the consensus of $1.46 billion.

During the fourth quarter of fiscal 2020, there has been an outbreak of coronavirus in China which the Company expects will materially impact its... More