Capri Holdings Ltd CPRI.N reported a quarterly adjusted loss of 30 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 42 cents. The mean expectation of twelve analysts for the quarter was for a loss of 14 cents per share. Wall Street expected results to range from -30 cents to -7 cents per share.
Revenue fell 15.4% to $1.04 billion from a year ago; analysts expected $986.57 million.
Capri Holdings Ltd's reported EPS for the quarter was a loss of $5.44.
The company reported a quarterly loss of $645 million.
Capri Holdings Ltd shares had fallen by 11.0% this quarter and lost 16.7% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 2.7% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 13 "hold" and no "sell" or "strong sell." The average consensus recommendation for the apparel & accessories retailers peer group is "buy."
Wall Street's median 12-month price target for Capri Holdings Ltd is $19.50
This summary was machine generated from LSEG data May 28 at 11:45 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)