Company Earnings Update 3 minutesRegister for Free AccessCapri 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? Register for a free user account. This document was generated for Other research you may be interested in: China Consumer Tracker: Consumer Sentiment Remains VolatileEarnings Insights 3Q24, Week 5: BJ’s Wholesale, Target, Walmart and Others Report Positive Sales Growth During Holiday 2024M&A in US Food and Beverage CPG: Three Key Themes—Category Expansion, Brand Focus and Evolving Consumer NeedsWeekly US and UK Store Openings and Closures Tracker 2024, Week 36: Foot Locker To Close Nearly 150 Stores
