Source: Caijing.com
2021-02-03 22:59
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Finance NetworkLife News February 3, Caijing Life was officially informed by Capri Holdings that Michael Kors, Versace and Jimmy Choo’s parent company Capri Holdings exceeded analysts’ expectations in the third quarter of fiscal 2021, mainly due to its e-commerce and mainland China Strong performance.
It is understood that in the three months ended December 26 last year, the company’s total revenue fell 17.1% to 1.3 billion US dollars. Net profit was US$179 million.
By brand, the company’s key brand Michael Kors sales fell 18.6% year-on-year to US$986 million. Jimmy Choo’s revenue fell 26.7% year-on-year to US$121 million. And Versace’s performance was the same as last year at 195 million US dollars.
It is worth noting that e-commerce sales in the quarter increased by 65% from the previous quarter. Revenue from Mainland China also increased to double digits year-on-year in the quarter.
John D. Idol, Chairman and CEO of Capri Holdings, said in a statement, “Looking back at the three quarters since the outbreak of the epidemic, the performance of all luxury brands has been satisfactory, which demonstrates the strength of the brand and the resilience and flexibility of the company’s business. .
Image source: Capri Holdings official
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