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Capri Holdings Ltd  (CPRI)
 

Capri Holdings Ltd Faces Slip in Profit Amidst Weak Sales for Q1 2023

Capri Holdings Ltd delivered fourth quarter of 2023 operating shortfall of $-40 million


Published May 31 2023 / Modified May 31 2023
CSIMarket Team / CSIMarket.com


Cis_di_nola_By_Alcott1953_(Own_work)__[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_CommonAfter analyzing the financial results of Capri Holdings Ltd, it appears that the company has had a challenging first quarter for the fiscal year 2023.
The company reported a significant shortage of $-0.28 per share, compared to earnings of $2.11 a year prior.
Furthermore, the revenue decreased considerably by -17.029%, translating to $1.34 billion from $1.61 billion in the corresponding financial reporting period a year prior.

Sequentially, Capri Holdings Ltd reported an -11.706% downfall in revenue compared to the previous financial reporting period.
The net shortage of $-33.000 million for the February to April 01 2023 compared to net proceeds of $323.000 million in the corresponding financial reporting period a year before will likely affect the company's financial stability in the short term.

Despite the unfavorable results, Capri Holdings Ltd managed to announce net earnings of $619.00 million and revenue of $5.62 billion over the fiscal 12 Months 2023.
While the profits per share fell by -14.66% to $4.60 per share from $5.39 in the previous fiscal 12 Months, the company reported a -0.62% decrease in revenue from $5.65 billion a year prior.

These financial outcomes suggest that Capri Holdings Ltd has experienced a slowdown in growth, which could have been caused by increased competition or a lack of new products or services.
However, the company's history of financial stability and excellent brand reputation could enable them to overcome the short-term challenges.

Going forward, Capri Holdings Ltd needs to improve its revenue and earnings to continue building a sustainable business.
While the company is expected to report next financial results on August 08, 2023, much needs to be done in terms of restructuring and repositioning for long-term success.



Capri Holdings Ltd's Receivables Turnover Ratio

Capri Holdings Ltd's Price to Cash Flow ratio



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