Company Earnings UpdateCapri Holdings (NYSE: CPRI) 3Q19 Results: EPS Beat Consensus Despite Revenue Shortfall Coresight Research February 7, 2019 Executive Summary Capri Holdings beat consensus adjusted EPS in 3Q19, reporting $1.76 versus $1.58. Revenues of $1.44 billion were flat year over year and estimate of $1.46 billion. Michael Kors (MK) Wholesale was a bright spot with 320 bps segment margin expansion despite an 8.3% drop in segment revenue. The Michael Kors brand continues to grow in awareness and followers globally, with more than 44 million social media followers. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: US Apparel & Footwear Retailing—Themes, Concepts and Innovators: AI, Value, GLP-1 and More To Drive Apparel TransformationMixed Sentiment Trends Ahead of August 1 Tariffs; Plus, Luxury Shopping in Focus: US Consumer Survey InsightsMass Merchandiser and Warehouse Club Shopping in Focus—Walmart Leads; High Purchase Rates for Daily Essentials: US Consumer Survey InsightsReinventing Store Checkout: Minimizing Friction to Drive Business Growth
