Capri Holdings Earnings Perspective: Return On Capital Employed
Portfolio Pulse from Benzinga Insights
Capri Holdings (NYSE:CPRI) reported Q4 sales of $1.33 billion, with earnings decreasing 114.67% to a loss of $33 million. The company posted a negative Return on Capital Employed (ROCE) of -0.02%, suggesting inefficient capital allocation. However, Q4 earnings per share of $0.97 beat analyst predictions of $0.94.
June 01, 2023 | 2:47 pm
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Capri Holdings reported a decrease in earnings and a negative ROCE of -0.02% in Q4, suggesting inefficient capital allocation. However, the company's earnings per share of $0.97 beat analyst predictions.
The decrease in earnings and negative ROCE suggest inefficient capital allocation, which could negatively impact the stock price. However, the company's earnings per share beat analyst predictions, which could offset the negative impact and result in a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100