{"id":118211,"date":"2023-06-01T12:49:11","date_gmt":"2023-06-01T10:49:11","guid":{"rendered":"https:\/\/test2023.luxus-plus.com\/capri-holdings-fourth-quarter-sales-down-but-ahead-of-forecasts\/"},"modified":"2023-08-26T00:35:22","modified_gmt":"2023-08-25T22:35:22","slug":"capri-holdings-fourth-quarter-sales-down-but-ahead-of-forecasts","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/capri-holdings-fourth-quarter-sales-down-but-ahead-of-forecasts\/","title":{"rendered":"Capri Holdings: fourth-quarter sales down, but ahead of forecasts"},"content":{"rendered":"<h4>New York-based Capri Holdings reported a 10.5% decline in sales in the final quarter of fiscal 2022-23. Thanks to the rebound in China, however, sales exceeded analysts&#8217; forecasts.<br \/>\n<!--more--><\/h4>\n<p>&nbsp;<\/p>\n<p>Fashion group <strong>Capri Holdings<\/strong>, which owns the Michael Kors, Versace and Jimmy Choo brands, reported yesterday that its sales fell by 10.5% to $1.33 billion in the fourth quarter 2022-2023. Versace itself fell by 13%, Michael Kors by 11% and Jimmy Choo by 3%.<\/p>\n<p>&nbsp;<\/p>\n<p>Nevertheless, the Group <strong>beat its fourth-quarter sales forecasts<\/strong>, thanks to a recovery in sales in China following the easing of health restrictions across the country. Analysts were expecting sales of just $1.28 billion.<\/p>\n<p>&nbsp;<\/p>\n<p>Capri Holding reported adjusted earnings per share (EPS) of $0.97 for its final quarter 2022-2023, compared with $1.02 a year earlier. Adjusted operating margin was down 5.1 points to 9.1%.<\/p>\n<p>&nbsp;<\/p>\n<p>For the current financial year 2023-2024, the American group<strong> forecasts sales of around $5.7 billion<\/strong>. It anticipates adjusted EPS of around $6.4 and an adjusted operating margin of 16.5%.<\/p>\n<p>&nbsp;<\/p>\n<p>Read also &gt;<a href=\"https:\/\/luxus-plus.com\/en\/versace-and-dua-lipa-present-their-la-vacanza-collection\/\">Cannes : Versace and Dua Lipa present their \u201cLa Vacanza\u201d collection<\/a><\/p>\n<div class=\"thb-post-title-bottom thb-post-share-style3\">\n<div class=\"thb-post-title-inline-author\"><\/div>\n<\/div>\n<div class=\"thb-post-title-bottom thb-post-share-style3\">\n<div class=\"thb-post-title-inline-author\"><\/div>\n<\/div>\n<div class=\"thb-post-title-bottom thb-post-share-style3\">\n<div class=\"thb-post-title-inline-author\"><\/div>\n<\/div>\n<p>Featured photo : \u00a9Michael Kors<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York-based Capri Holdings reported a 10.5% decline in sales in the final quarter of fiscal 2022-23. Thanks to the rebound in China, however, sales exceeded analysts&#8217; forecasts.<\/p>\n","protected":false},"author":1,"featured_media":115750,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"%%post_title%% %%sep%% %%sitetitle%%","_seopress_titles_desc":"New York-based Capri Holdings reported a 10.5% decline in sales in the final quarter of fiscal 2022-23.","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-118211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-luxus-fr"],"_links":{"self":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/118211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/comments?post=118211"}],"version-history":[{"count":0,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/118211\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media\/115750"}],"wp:attachment":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media?parent=118211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/categories?post=118211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/tags?post=118211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}