×
301
Fashion Jobs
PEOPLE LINK
Immediate Opening of Sales Manager-Home Furnishing-Panipat
Permanent · Panipat
ROYAL TRANSPORT CORPORATION
Sales & Marketing Manager (Full Truck Load And Odc Project Transport)
Permanent · Nashik
MADHU JAYANTI INTERNATIONAL
Area Sales Manager
Permanent · Patna
DMART
Opening For The Post of Circle Head - Operations
Permanent · Bengaluru
PERSOLKELLY INDIA
Area Sales Manager- Corporate Sales-Faridabad- Relocation Company
Permanent · Faridabad
NR CONSULTING
Requirement- Sales Manager- Mumbai
Permanent · Mumbai
XWELL HUMAN RESOURCE
Area Sales Manager All Rajasthan Fmcg Company
Permanent · Ajmer
ALUDECOR LAMINATION
Area Sales Manager- Kanpur
Permanent · Unnao
H&M
Legal Counsel-Expansion
Permanent · NEW DELHI
DRONE HR SOLUTIONS
Production Manager - Tractor Parts Mfg (Urgently Required)
Permanent · Chandigarh
HENKEL ADHESIVE TECHNOLOGIES
Spec Customer Service Back Office IN
Permanent · NAVI MUMBAI
HENKEL ADHESIVE TECHNOLOGIES
Product Line Manager Packaging Imea
Permanent · NAVI MUMBAI
HENKEL CEO
Sap Fico Consultant
Permanent · BENGALURU
HENKEL CEO
Sap Production & Quality Management – Support Engineer - Gtc
Permanent · BENGALURU
HENKEL DX
Cloud Identity Consultant - Directory Services
Permanent · BENGALURU
HENKEL ADHESIVE TECHNOLOGIES
Supply Chain Analyst Imea
Permanent · NAVI MUMBAI
PUMA
Legal Counsel
Permanent · Bengaluru
HRD HOUSE
Area Sales Manager (1st Line)-Pharma - Cardio - Amritsar hq
Permanent · Amritsar
HRD HOUSE
Area Sales Manager (1st Line)-Pharma - Cardio - Amritsar hq
Permanent · Amritsar
POWER JOB CREATIONS
Area Sales Manager
Permanent · Mumbai
MAICO VENTILATION PVT LTD
Area Sales Manager - Hyderabad
Permanent · Hyderabad
EXTRAMARKS EDUCATION
Area Sales Manager - B2B Sales/School Sales
Permanent · Mangaluru
By
Reuters
Published
Nov 3, 2021
Reading time
2 minutes
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Michael Kors parent Capri Holdings raises annual profit forecast

By
Reuters
Published
Nov 3, 2021

Michael Kors owner Capri Holdings Ltd on Wednesday raised its annual profit forecast, as it benefits from price increases and strong demand for its designer handbags and Jimmy Choo shoes in North America and Europe.


Photo: Versace, a Capri-owned label - Capri Holdings



The company forecast fiscal 2022 earnings per share of about $5.30, compared with a prior forecast of $4.50 per share.

For the second quarter of the 2022 fiscal year, Capri reported a 17% increase in revenue to $1.3 billion over the previous year. Revenues and operating profit rose at all three of its brands: Versace, Jimmy Choo and Michael Kors. Overall, income from operations was $195 million and operating margin was 15.0%, compared to $153 million and operating margin of 13.8% in the previous year.

John D. Idol, Capri Chairman and Chief Executive Officer, said, "We are pleased with our second quarter results with revenue, gross margin, operating margin and earnings per share all exceeding our expectations. This performance reflects the power of Versace, Jimmy Choo and Michael Kors as well as the execution of our strategic initiatives."

Idol continued: "We remain confident in the strength of our luxury houses and are pleased to be raising revenue and earnings guidance for the year. Our new outlook reflects both stronger revenue performance as well as greater than anticipated gross margin expansion driven by the execution of our strategic initiatives.

"The success of these initiatives is currently offsetting the COVID-19 related industry headwinds including supply chain delays and increased transportation costs. Looking forward as the world continues to recover from the impact of the global pandemic, we remain confident in the growth opportunities for Versace, Jimmy Choo and Michael Kors."

FashionNetwork.com with reporting from Reuters
 

© Thomson Reuters 2023 All rights reserved.