US fashion company Capri Holdings reports Q4 FY21 sales of $1.2 bn

Fashion

US fashion company Capri Holdings reports Q4 FY21 sales of $1.2 bn

10 Jun `21

2 min read

Capri Holdings Limited, a US-based global fashion luxury group, has reported that its revenue remained flat at $1.2 billion in the fourth quarter (Q4) of fiscal 2021 ended on March 27, 2021, compared to the corresponding quarter of previous fiscal. The company’s net loss for reported period reduced to $182 million (Q4 FY20: $552 million).

 

Capri Holdings Limited, a US-based global fashion luxury group, has reported that its revenue remained flat at $1.2 billion in the fourth quarter (Q4) of fiscal 2021 ended on March 27, 2021, compared to the corresponding quarter of previous fiscal. The company`s net loss for reported period reduced to $182 million (Q4 FY20: $552 million).#

“We were pleased with our fourth quarter results as revenue improved sequentially and exceeded our expectations. Retail sales increased 13 per cent versus prior year, driven by an improvement in both e-commerce and store sales,” John Idol, company’s chairman and chief executive officer, said in a press release.

 

Capri Holdings Limited, a US-based global fashion luxury group, has reported that its revenue remained flat at $1.2 billion in the fourth quarter (Q4) of fiscal 2021 ended on March 27, 2021, compared to the corresponding quarter of previous fiscal. The company`s net loss for reported period reduced to $182 million (Q4 FY20: $552 million).#

“As we continued to execute on our strategic initiatives, earnings were higher than anticipated driven by better revenue results and gross margin expansion across all three of our luxury houses,” Idol added.

 

Capri Holdings Limited, a US-based global fashion luxury group, has reported that its revenue remained flat at $1.2 billion in the fourth quarter (Q4) of fiscal 2021 ended on March 27, 2021, compared to the corresponding quarter of previous fiscal. The company`s net loss for reported period reduced to $182 million (Q4 FY20: $552 million).#

Gross profit during Q4 FY21 was $737 million ($631 million), while loss from the operations reduced to $139 million ($536 million). The company's e-commerce sales improved sequentially 80 per cent (approximately).

 

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