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Capri Holdings Limited Announces Third Quarter Fiscal 2021 Results


Capri Holdings Limited Announces Third Quarter Fiscal 2021 Results
Q3 2021 Earnings Presentation
Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced its financial results for the third quarter of fiscal 2021 ended December 26, 2020.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210203005260/en/
Versace (Photo: Business Wire)
Revenue decline of 17%, a sequential improvement relative to the second quarter
E-commerce sales improved sequentially, increasing 65%
Positive retail sales in Asia across all luxury houses, led by double digit growth in Mainland China
Double-digit global retail sales growth at Versace
Adjusted gross margin expansion of 520 basis points versus prior year ....

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Capri Holdings Ltd (CPRI) Q3 2021 Earnings Call Transcript


Operator
Greetings, and welcome to the Capri Holdings Limited Third Quarter 2021 Earnings Conference Call. [Operator Instructions]
It is now my pleasure to introduce Jennifer Davis, Vice President of Investor Relations. Thank you. You may begin.
Jennifer Davis
Vice President, Investor Relations
Good morning, everyone, and thank you for joining us on Capri Holdings Limited third quarter fiscal 2021 conference call. With me this morning are Chairman and Chief Executive Officer, John Idol, and Chief Financial and Chief Operating Officer, Tom Edwards.
Before we begin let me remind you that certain statements made on today s call may constitute forward-looking statements, which are subject to risks and uncertainties that could cause actual results to differ from those we expect. Those risks and uncertainties are described in today s press release and in the Company s SEC filings, which are available on the Company s website. Investors should not assume that t ....

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Capri Holdings Limited: Capri Holdings Forms Foundation for the Advancement of Diversity in Fashion


Capri Holdings Limited: Capri Holdings Forms Foundation for the Advancement of Diversity in Fashion
Capri Holdings Limited (NYSE:CPRI), is proud to announce the formation of The Capri Holdings Foundation for the Advancement of Diversity in Fashion. The company has pledged $20 million to further the foundation s mission of supporting diversity, inclusion and equality throughout the fashion industry.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210202005690/en/
VERSACE (Photo: Business Wire)
Capri Holdings has long believed in the power of an inclusive workplace and is committed to furthering workforce diversity. The formation of the foundation enables the company to expand its efforts to advance equality and promote long-term change in the fashion industry. ....

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