Capri Holdings Limited · NYSE:CPRI
Capri — Q4 2023 Earnings Presentation
13 slides from Capri's earnings presentation, May 31, 2023
Slide 1: 4Q Fiscal Year 2023 Earnings Presentation
TBU 4Q Fiscal Year 2023 Earnings Presentation May 31, 2023
Slide 2: Fiscal Year 2023 Accomplishments
FISCAL YEAR 2023 ACCOMPLISMENTS • Achieved record revenue at Versace and Jimmy Choo • Generated MSD revenue growth at Michael Kors on a 52-week constant currency basis • Accelerated growth of accessories and footwear across all houses • Increased customer database by 12.6 million new names, represen
Slide 3: Fiscal Year 2023 Financial Highlights
FISCAL YEAR 2023 FINANCIAL HIGHLIGHTS • Revenue of $5.6B increased HSD on a 52-week constant currency basis, with growth across all luxury houses • Record adjusted gross margin expanded 10 bps to 66.1% • Adjusted operating margin of 16.2% • Adjusted EPS of $6.13 increased MSD on a 52-week constant c
Slide 4: FY 2023 Highlights (Versace)
FY 2023 HIGHLIGHTS • Achieved record revenue of $1.11 billion, increasing 14% in constant currency • Retail sales increased mid-teens in constant currency • Global database increased ~ 40% year-over-year • Women’s accessories retail sales increased ~ 40% • Operating margin of 13.7%
Slide 5: FY 2023 Highlights (Jimmy Choo)
FY 2023 HIGHLIGHTS • Achieved record revenue of $633 million, increasing 13% on a 52-week constant currency basis • Retail sales increased LDD on a 52-week constant currency basis • Global database increased 17% year-over-year • Women’s accessories retail sales increased ~ 20% • Operating margin of
Slide 6: FY 2023 Highlights (Michael Kors)
FY 2023 HIGHLIGHTS • Revenue increased 4% on a 52-week constant currency basis, impacted by decline in wholesale • Retail sales increased MSD on a 52-week constant currency basis • Global database increased 17% year-over-year • Women’s accessories retail sales increased LSD • Operating margin of 22.
Slide 7: Fiscal Year 2024 Outlook
FISCAL YEAR 2024 OUTLOOK First Half Second Half Fiscal Year 2024 Revenue ~$2.6B ~$3.1B ~$5.7B Adjusted Operating Margin ~13.0% ~19.5% ~16.5% Adjusted EPS ~$2.50 ~$3.90 ~$6.40 The following guidance is provided on an adjusted, non-GAAP basis. Financial results could differ materially from the current
Slide 8: Non-GAAP Measures
NON-GAAP MEASURES This presentation includes certain non-GAAP financial measures that exclude certain costs associated with COVID-19 related charges, the impact of the war in Ukraine, ERP implementation costs, Capri transformation costs, impairment charges, charitable donations, restructuring and ot
Slide 9: Reconciliation of GAAP to Non-GAAP Financial Measures
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, except per share data) (1) Amounts impacting operating expenses primarily includes charges recorded in connection with the acquisition of Gianni Versace S.r.l. The foreign currency exchange loss represents a charge recognized in con
Slide 10: Reconciliation of GAAP to Non-GAAP Financial Measures
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, except per share data) (1) Amounts impacting operating expenses primarily includes charges recorded in connection with the acquisition of Gianni Versace S.r.l. The foreign currency exchange loss represents a charge recognized in con
Slide 11: Reconciliation of GAAP to Non-GAAP Financial Measures
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, except per share data) (1) Includes store closure costs which have been incorporated into the Capri Retail Store Optimization Program, other restructuring initiatives and other costs recorded in connection with the acquisition of Gi
Slide 12: Reconciliation of GAAP to Non-GAAP Financial Measures
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, except per share data) (1) Includes store closure costs which have been incorporated into the Capri Retail Store Optimization Program, other restructuring initiatives and other costs recorded in connection with the acquisition of Gi
Slide 13: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation contains statements which are, or may be deemed to be, “forward-looking statements.” Forward-looking statements are prospective in nature and are not based on historical facts, but rather on current expectations and projections of the management of Capri Holdi