CAPRI HOLDINGS Reports Earnings Results for Q2 of FY2024
December 18, 2023
🌥️Earnings Overview
On November 9 2023, CAPRI HOLDINGS ($NYSE:CPRI) reported their earnings results for the second quarter of FY2024, ending September 30 2023. The total revenue of USD 1291.0 million was 8.6% lower than the same period in the previous year, while net income declined by 59.8% to USD 90.0 million.
Price History
According to the report, the company’s stock opened at $48.5 and closed at $48.2. The company was able to achieve this impressive growth through a combination of strategic investments and cost-cutting measures implemented over the past few quarters. CAPRI HOLDINGS had also been increasing its advertising and marketing budget to better reach its target customer base.
In addition, the company has been focusing on its e-commerce presence, which has allowed it to capture a larger share of the online market. The financials indicate that CAPRI HOLDINGS is continuing to make strides in its efforts to build a sustainable and profitable business. Investors should watch the stock closely to see if CAPRI HOLDINGS can continue to grow its revenues and profits throughout the remainder of FY2024. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Capri Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 5.37k | 329 | 9.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Capri Holdings. More…
| Operations | Investing | Financing |
| 635 | -230 | -369 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Capri Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.35k | 5.43k | 16.45 |
Key Ratios Snapshot
Some of the financial key ratios for Capri Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.5% | 33.7% | 9.5% |
| FCF Margin | ROE | ROA |
| 7.5% | 17.1% | 4.3% |
Analysis
At GoodWhale, we’ve conducted an analysis of CAPRI HOLDINGS‘ fundamentals. The Star Chart shows that CAPRI HOLDINGS is strong in profitability, and weak in asset, dividend and growth. Based on this, we classify CAPRI HOLDINGS as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Given the moderate growth and strong profitability, we believe that investors who are looking for a steady-growing company with good returns would be interested in CAPRI HOLDINGS. We also have given CAPRI HOLDINGS a health score of 8/10, considering its cashflows and debt which indicates the company is capable to safely ride out any crisis without the risk of bankruptcy. More…
Peers
The fashion industry is extremely competitive, with companies constantly vying for market share. Capri Holdings Ltd is no exception, and must compete against other major players such as Dazzle Fashion Co Ltd, PVH Corp, and Sub-Urban Brands Inc. In order to stay ahead of the competition, Capri Holdings Ltd must continually innovate and offer consumers unique and desirable products.
– Dazzle Fashion Co Ltd ($SHSE:603587)
Dazzle Fashion Co Ltd is a fashion company with a market cap of 6.76B as of 2022. The company has a Return on Equity of 11.66%. The company designs, manufactures, and markets women’s apparel and accessories. The company offers a wide range of products including dresses, tops, bottoms, outerwear, and swimwear. The company operates in two segments: wholesale and retail. The wholesale segment consists of sales to department stores, specialty stores, and e-commerce platforms. The retail segment consists of sales through the company’s own e-commerce platform and brick-and-mortar stores.
– PVH Corp ($NYSE:PVH)
PVH Corp is a publicly traded company with a market capitalization of 3.08 billion as of 2022. The company has a return on equity of 11.85%. PVH Corp is a holding company that operates through its subsidiaries. The company’s businesses include Calvin Klein and Tommy Hilfiger, which design, market, and distribute men’s, women’s, and children’s apparel; and Van Heusen, which designs and markets dress shirts, sportswear, neckwear, footwear, and other related products.
Summary
CAPRI HOLDINGS reported their second quarter earnings for FY2024, ending November 9 2023, with a total revenue of USD 1291.0 million, 8.6% lower than the previous year. Net income decreased by 59.8%, totaling USD 90.0 million. Investors should be cautious when considering investing in CAPRI HOLDINGS as the company has shown slow growth and decreased profits. The company should focus on areas of improvement to increase revenue and net income before considering taking on new investors.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
