Here are the key earnings highlights for Capri Holdings Ltd (CPRI):
Earnings: The company reported a loss of $472 million for the fourth quarter, compared to a loss of $34 million in the same quarter of the previous year. EPS: The reported earnings per share were -$4.03 for Q4, versus -$0.28 in the same period last year. Excluding certain items, Capri Holdings Ltd recorded adjusted earnings of $50 million, or $0.42 per share, for the quarter.
Analysts had projected earnings of $0.65 per share. Revenue: The company generated $1.22 billion in revenue for the fourth quarter, compared to $1.33 billion in the same quarter of the previous year.
