For the quarter ended June 2023, Capri Holdings (CPRI) reported revenue of $1.23 billion, down 9.6% over the same period last year. EPS came in at $0.74, compared to $1.50 in the year-ago quarter.
The reported revenue represents a surprise of +2.40% over the Zacks Consensus Estimate of $1.2 billion. With the consensus EPS estimate being $0.69, the EPS surprise was +7.25%.
While investors closely watch year-over-year changes in headline numbers — revenue and earnings — and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company’s underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock’s price performance more accurately.
Here is how Capri Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Stores – End of Period: 1271 compared to the 1276.5 average estimate based on two analysts.
- Michael Kors – Total number of retail stores: 810 compared to the 812.5 average estimate based on two analysts.
- Versace Stores – Total number of retail stores: 224 compared to the 225 average estimate based on two analysts.
- Jimmy Choo – Total number of retail stores: 237 versus the two-analyst average estimate of 239.
- Geographic Revenues- The Americas: $632 million versus the three-analyst average estimate of $630.73 million. The reported number represents a year-over-year change of -20.4%.
- Jimmy Choo Revenue- The Americas: $49 million versus $53.70 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -9.3% change.
- Jimmy Choo Revenue- EMEA: $81 million compared to the $71.97 million average estimate based on three analysts. The reported number represents a change of +22.7% year over year.
- Jimmy Choo Revenue- Asia: $53 million compared to the $55.13 million average estimate based on three analysts. The reported number represents a change of +1.9% year over year.
- Versace revenue- The Americas: $82 million compared to the $83.32 million average estimate based on three analysts. The reported number represents a change of -28.7% year over year.
- Revenues- Jimmy Choo: $183 million compared to the $180.28 million average estimate based on five analysts. The reported number represents a change of +6.4% year over year.
- Revenues- Michael Kors: $787 million versus $775.60 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -13.8% change.
- Revenues- Versace: $259 million versus $246.27 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -5.8% change.
View all Key Company Metrics for Capri Holdings here>>>
Shares of Capri Holdings have returned -4.8% over the past month versus the Zacks S&P 500 composite’s +1.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers “Most Likely for Early Price Pops.”
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand-picked 7 your immediate attention.
Capri Holdings Limited (CPRI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Image and article originally from www.nasdaq.com. Read the original article here.