Capri Holdings Q4 FY20: revenue $1.19 bn; net loss $551 mn

02 Jul '20

2 min read

Pic: Capri Holdings

Capri Holdings Limited, a US-based global fashion luxury group, reported 11.3 per cent revenue decline to $1.19 billion in fourth quarter (Q4) FY20, ended on March 28, 2020 compared to revenue of $1.34 billion in same quarter last year. Company reported a net loss of $551 million during the quarter compared to net income of $19 million in Q4 FY19.

Gross profit for the quarter was $631 million (Q4 FY19: $793 million). Company incurred a loss from the operations of $536 million compared to income of $40 million in same quarter last year.

Versace segement's revenue during Q4 FY20 jumped 55.5 per cent to $213 million ($137 million). Sales of Versace grew in the Americas to $53 million ($22 million), EMEA (Europe, Middle East and Africa) to $109 million ($66 million) and Asia to $51 million ($49 million).

Whereas revenue of Jimmy Choo fell 23.0 per cent to $107 million ($139 million) and Michael Kors dropped 18.4 per cent to $872 million ($1,068 million). Sales of Jimmy Choo during Q4 FY20 in Americas was $22 million ($21 million), EMEA $54 million ($73 million) and Asia $31 million ($45 million). Michael Kors revenue decreased in all the regions with Americas $600 million ($701 million), EMEA $169 million ($215 million) and Asia $103 million ($152 million).

Fibre2Fashion News Desk (JL)

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