Turnover declines by 66.5 percent at Capri Holdings, posts net loss of 180 million dollars

Capri Holdings Limited’s total revenue of 451 million dollars decreased 66.5 percent for the first quarter, while on a constant currency basis, total revenue decreased 66.2 percent. Gross profit was 302 million dollars and gross margin was 67 percent compared to 834 million dollars and 62 percent in the prior year. Adjusted gross profit was 303 million dollars and adjusted gross margin was 67.2 percent compared to 840 million dollars and 62.4 percent in the prior year. Net loss was 180 million dollars or 1.21 dollars per diluted share compared to net income of 45 million dollars or 30 cents per diluted share in the prior year, while adjusted net loss was 156 million dollars or 1.04 dollars per diluted share, compared to income of 145 million dollars or 95 cents per diluted share.