Capri tops FQ1 estimates, guides FY2023 earnings above consensus

Aug. 09, 2022 6:50 AM ETCapri Holdings Limited (CPRI)By: Niloofer Shaikh, SA News Editor5 Comments
  • Capri press release (NYSE:CPRI): Q1 Non-GAAP EPS of $1.50 beats by $0.14.
  • Revenue of $1.36B (+8.8% Y/Y) beats by $60M.
  • Shares +0.8% PM.
  • FY2023 Outlook: Total revenue of approximately $5.85B vs. consensus of $5.84B; Gross margin approximately flat to FY2022; Operating margin of approximately 18%; Net interest income of approximately $10M; Effective tax rate of approximately 10%; Weighted average diluted shares outstanding of approximately 140M; Diluted earnings per share of approximately $6.85 vs. consensus of $6.74; Ending inventory to be below prior year.

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