Capri Holdings Q1 Adj $0.74 Beats $0.71 Estimate, Sales $1.23B Beat $1.20B Estimate
Portfolio Pulse from Benzinga Newsdesk
Capri Holdings (NYSE:CPRI) reported Q1 earnings of $0.74 per share, beating the analyst consensus estimate of $0.71 by 4.23%. However, this is a 50.67% decrease from the same period last year. The company also reported quarterly sales of $1.23 billion, beating the estimate of $1.20 billion by 2.42%, but this is a 9.63% decrease from the same period last year.
August 10, 2023 | 8:47 pm
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NEUTRAL IMPACT
Capri Holdings beat Q1 earnings and sales estimates but reported significant decreases from the same period last year.
While Capri Holdings beat the estimates, the significant decreases in earnings and sales from the same period last year could potentially offset the positive impact of beating the estimates. Therefore, the short term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100