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Capri Holdings CPRI reported its Q1 earnings results on Tuesday, August 9, 2022 at 06:45 AM.
Here’s what investors need to know about the announcement.
Earnings
Capri Holdings beat estimated earnings by 10.29%, reporting an EPS of $1.5 versus an estimate of $1.36.
Revenue was up $107.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.2 which was followed by a 0.45% drop in the share price the next day.
Here’s a look at Capri Holdings’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.82 | 1.69 | 0.95 | 0.79 |
| EPS Actual | 1.02 | 2.22 | 1.53 | 1.42 |
| Revenue Estimate | 1.41B | 1.47B | 1.27B | 1.11B |
| Revenue Actual | 1.49B | 1.61B | 1.30B | 1.25B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Capri Holdings management provided guidance for FY 2023, expecting earnings between $6.85 and $6.85 per share.
To track all earnings releases for Capri Holdings visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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