Capri Holdings turnover up 11.9 percent, confirms earnings outlook

Capri Holdings Limited’s total revenue of 1.346 billion dollars increased 11.9 percent in the first quarter compared to last year, while on a constant currency basis, total revenue increased 13.8 percent. The company said, net income was 45 million dollars or 30 cents per diluted share compared to 186 million dollars or 1.22 dollars per diluted share in the prior year. Adjusted net income was 145 million dollars or 95 cents per diluted share, compared to 201 million dollars or 1.32 dollars per diluted share in the prior year. The company has reaffirmed fiscal 2020 adjusted earnings per share guidance of 4.95 dollars.