Technology

Capri Holdings Revenues $ 1.25 billion in First Quarter

Capri Holdings, a multinational fashion company, reports that Group total sales in the first quarter of 2010 reached $ 1.25 billion (£ 988 million), up 178% year-on-year.

Jimmy Choo owner, Versace, When Michael kors Next, we raised our full-year adjusted earnings forecast per share to $ 4.50 (£ 3.23).

Adjusted profit for the quarter ended June 26, 2021 also surged from $ 303 million (£ 218 million) in the year-ago quarter to $ 835 million (£ 613 million).

Michael Kors was the largest revenue earner in the retail group, with revenues of $ 871 million (£ 626 million), up 184% year-on-year.

Meanwhile, Jimmy Chu and Versace sales also increased at 178% and 158%, respectively, with revenues of $ 142 million and $ 240 million, respectively, during the quarter. That’s £ 72m).

John Idol, chairman and chief executive officer of the company, said:

“As a result of this courageous start of the year, we are raising our earnings and earnings outlook for 2022.”

He added that the group is “in a position to achieve multi-year revenue and profit growth” as it continues to carry out “strategic initiatives.”

https://www.retailsector.co.uk/619930-capri-holdings-hits-1-25bn-q1-revenues/ Capri Holdings Revenues $ 1.25 billion in First Quarter

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