Capri Shares Slump 10% Pre-Bell on Downbeat Outlook

Capri Holdings (CPRI ), whose luxury fashion brands include Jimmy Choo and Michael Kors, said Wednesday fiscal Q4 adjusted earnings were $0.63 per share, unchanged from the prior-year period and higher than the $0.61 earnings-per-share estimate provided by Capital IQ.

Revenue for the quarter ended March 30 was $1.34 billion, up from $1.18 billion in the same period last year, just above Street expectations of $1.33 billion.

For fiscal Q1, Capri Holdings, which also houses the Versace brand, expects earnings of $0.85 to $0.90 per share on revenue of $1.36 billion. The Street consensus calls for earnings of $1.23 per share on revenue of $1.44 billion.

For fiscal 2020, the company expects earnings of $4.95 per share on revenues of $6 billion. The Street consensus calls for earnings of $4.96 per share on revenue of $6.11 billion.

Shares were 10.1% lower pre-bell.