Company Earnings UpdateCapri Holdings (NYSE: CPRI) 1Q20 Results: Revenue Misses Estimates, Reduces Revenue Guidance Coresight Research August 8, 2019 Executive Summary Capri Holdings reported 1Q20 adjusted EPS of $0.95, above the $0.90 consensus estimate. Revenues increased 11.9% to $1.34 billion on a reported basis, missing the $1.37 billion estimate. By brand, Michael Kors revenues declined 4.8% to $981 million; Jimmy Choo revenues declined 8.7% to $158 million; and, Versace revenues were $207 million. For FY20, the company expects net revenues to reach $5.8 billion with an operating margin of around 15.5%. The company forecasts 2Q20 revenues of around $1.45 billion. 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: Tariffs Prompt Pull-Forward Purchases: What Are Consumers Buying Early?—Data GraphicDeeper on DeepSeek and Its Potential to Radically Level the AI Playing FieldHead-to-Head in Global Luxury Retailing: Kering vs. LVMH2026 Retail Predictions: Europe—Five Pillars for Resilience Amid Heightened Contextual Challenges
