Capri Holdings Limited (NYSE:CPRI) shares are trading lower on Wednesday after reporting fourth-quarter adjusted earnings per share of $4.90 loss, missing the Street view of 14 cents loss.
Quarterly sales of $1.035 billion (down 15.4% year over year) outpaced the analyst consensus estimate of $986.57 million. On a constant currency basis, total revenue decreased 14.1%.
Gross profit was $631 million, down from $767 million a year earlier. Gross margin declined to 61.0% from 62.7% in the prior year.
Adjusted loss from operations totaled $33 million, compared to adjusted operating income of $78 million in the prior year. Adjusted operating margin declined to (3.2)% from 6.4% a year ago.
“While there is uncertainty around the impact of tariffs on the global economic environment, we remain focused on executing against our new …
Full story available on Benzinga.com
Capri Holdings Limited (NYSE:CPRI) shares are trading lower on Wednesday after reporting fourth-quarter adjusted earnings per share of $4.90 loss, missing the Street view of 14 cents loss.
Quarterly sales of $1.035 billion (down 15.4% year over year) outpaced the analyst consensus estimate of $986.57 million. On a constant currency basis, total revenue decreased 14.1%.
Gross profit was $631 million, down from $767 million a year earlier. Gross margin declined to 61.0% from 62.7% in the prior year.
Adjusted loss from operations totaled $33 million, compared to adjusted operating income of $78 million in the prior year. Adjusted operating margin declined to (3.2)% from 6.4% a year ago.
“While there is uncertainty around the impact of tariffs on the global economic environment, we remain focused on executing against our new …
Full story available on Benzinga.com
Capri Holdings Limited (NYSE:CPRI) shares are trading lower on Wednesday after reporting fourth-quarter adjusted earnings per share of $4.90 loss, missing the Street view of 14 cents loss.
Quarterly sales of $1.035 billion (down 15.4% year over year) outpaced the analyst consensus estimate of $986.57 million. On a constant currency basis, total revenue decreased 14.1%.
Gross profit was $631 million, down from $767 million a year earlier. Gross margin declined to 61.0% from 62.7% in the prior year.
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Adjusted loss from operations totaled $33 million, compared to adjusted operating income of $78 million in the prior year. Adjusted operating margin declined to (3.2)% from 6.4% a year ago.
“While there is uncertainty around the impact of tariffs on the global economic environment, we remain focused on executing against our new …Full story available on Benzinga.com Read MoreBriefs, CPRI, Earnings, Equities, News, why it’s moving, Markets, Movers, CPRI, News, Earnings, Equities, Markets, Movers, Benzinga Markets
