Capri Holdings reports Q2 FY21 revenue of $1.11 bn

Fashion

12 Nov `20

2 min read

Capri Holdings Limited, a US-based global fashion luxury group, posted 23 per cent decrease in its total revenue to $1.11 billion during the second quarter (Q2) FY21 that ended on September 26, 2020 compared to the revenue of $1.44 billion in same quarter previous fiscal. However, net income for Q2 rose to $122 million (Q2 FY20: $73 million).

Capri Holdings Limited, a US-based global fashion luxury group, posted 23 per cent decrease in its total revenue to $1.11 billion during the second quarter (Q2) FY21 that ended on September 26, 2020 compared to the revenue of $1.44 billion in same quarter previous fiscal. However, net income for Q2 rose to $122 million (Q2 FY20: $73 million).#

“We were pleased with our second quarter results, with revenue and earnings surpassing our expectations. Our performance demonstrates the power and desirability of the Versace, Jimmy Choo and Michael Kors brands,” John Idol, company’s chairman and chief executive officer, said in a press release.

Capri Holdings Limited, a US-based global fashion luxury group, posted 23 per cent decrease in its total revenue to $1.11 billion during the second quarter (Q2) FY21 that ended on September 26, 2020 compared to the revenue of $1.44 billion in same quarter previous fiscal. However, net income for Q2 rose to $122 million (Q2 FY20: $73 million).#

Gross profit during Q2 FY21 was $710 million ($874 million). Company’s income from the operations grew to $153 million ($75 million). E-commerce sales improved sequentially, increasing 60 per cent (approximately).

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