Company Capri Holdings Limited
Country Italy
Email n.a.
Telephone +39 02760931
Market Segment Premium
Core Business Apparel

Versace Financial Report 2020

 

Income Statement Trend

Net Sales

It represents the brand's turnover from the sales of finished goods through all of the distribution channels - retail, wholesale and e-commerce, after the deduction of returns, allowances for damaged or missing goods and any discounts allowed.

Operating Margin

Also known as ROS - Return on Sales, it measures the percentage of sales revenue that gets 'returned' to the company as net profits after all the related costs of the activity are deducted. The figure is about the latest fiscal year available.

Income Statement Highlights

in Millions of USD20202019Δ
2020/2019
CAGR
Net Sales    
Operating Income    

Net Sales by Country

in Millions of USD2020
Europe and Middle East 
Asia 
Americas 
 

Capri Holdings Limited Financial Report

Income Statement Trend

Total Revenue

It includes the overall revenue of the company, considering not only the sales of finished goods, but all of the sources of the company income.

Operating Margin

Also known as ROS - Return on Sales, it measures the percentage of sales revenue that gets 'returned' to the company as net profits after all the related costs of the activity are deducted. The figure is about the latest fiscal year available.

Net Profitability

It's a measure of a company's overall profitability, i.e. how much of its sales are converting to profit. The value given is the amount of sales needed to generate one currency unit of post tax profit. Negative values mean that the company has a negative level of post tax profit. The figure is about the latest fiscal year available.

Profit Ratio

It's a key measure of success. The profit ratio measures the amount of profit generated by each single currency unit of sales. The figure is about the latest fiscal year available.

Income Statement Highlights

in Millions of USD20202019Δ
2020/2019
2018Δ
2019/2018
CAGR
Total Revenue      
Cost of Sales      
Gross Profit      
Operating Income      
Net Income      

Balance Sheet Highlights

in Millions of USD20202019Δ
2020/2019
2018Δ
2019/2018
CAGR
Current Assets      
Total Assets      
Current Liabilities      
Equity      

Capri Holdings Limited Annual Report

Official Websites

Versace website
Versace ecommerce

Official Social Media

Brand Description

Establishment

Year
1978
City
Milan
Country
Italy

Founder

Gianni Versace

Head Designer

Donatella Versace
1997 - Present

Profile

Founded by Gianni Versace in 1978, Versace is one of the world's leading international fashion brands.
Gianni Versace SpA is one of the leading international fashion design houses and a glamorous symbol of Italian luxury world-wide. It designs, manufactures, distributes and retails fashion and lifestyle products including Atelier (Haute Couture), prèt-à-porter, accessories, fine jewellery, watches, eyewear, fragrances, and home furnishings all bearing the distinctive Medusa logo.

Business Strategy

Market Positioning

Premium

Core Business

Apparel

Target

Men
Women
Kids

Product Categories

Accessories
Apparel
Bags
Denim
Fragrance
Jewelry
Shoes
Swimwear
Underwear & Lingerie
 

Capri Holdings Limited profile

Name Capri Holdings Limited
Website capriholdings.com
Country Virgin Islands, British
VAT Number n.a.
Telephone n.a.
Fax n.a.
Date of foundation n.a.
Type of Company Listed

Headquarters

Ownership (Top Shareholders)

Capri Holdings Limited doesn't provide the information on its shareholders.

Capri Holdings Limited Brands

Versace Latest News

Despite 66 % turnover drop, Versace beats expectations
Capri Holdings (Versace, Michael Kors, Jimmy Choo) has beaten analysts' expectations in the past quarter (April to June). Turnover dropped 66 %, but analysts had feared for much worse.
 
As strange as it may seem, with a 66 % turnover drop to 451 million dollars (380 million euros) and a loss of 180 million dollars (150 million euros), Capri Holdings still did better than analysts had expected. This was mainly thanks to a hike of 30 % in online sales.
 
Last quarter saw a huge resurgence of demand for Versace and Jimmy Choo in China, partly because of limits on travelling abroad, Fashion Network reports. This is less of a factor in Hong Kong and Macau, where turnover failed to follow the upwards trend.
 
At the other side of the coin, the fact that (mostly Chinese) tourists stayed away from Europe and Europe's luxury fashion boutiques meant that Capri Holdings records a much weaker discovery in the Old Continent. "We’re at the peak season of where tourists would be coming to London, Paris, Milan, Florence and Barcelona, which are all very important cities where we do huge volume", Fashion Network quotes CEO John Idol.
 
Capri therefore expects a turnover drop of 40 % for the current quarter and 35 % for the full year. Turnover growth and return to profit will have to wait for next year, the company says.

 
Michael Kors, Versace Parent Company Anticipates 70 Percent Dip in Revenues
The worst is yet to come at Capri Holdings Ltd. 
The fashion house — home to the Michael Kors, Versace and Jimmy Choo brands — may have reported a $551 million loss in its 2020 fiscal year fourth quarter. But the retail company expects top-line sales to fall by another 70 percent during the current quarter. 

“The COVID-19 pandemic has dramatically impacted the entire world,” John Idol, Capri’s chairman and chief executive officer, told analysts on Wednesday morning’s conference call. “Entering fiscal 2020, we expected this to be an investment year to fund strategic initiatives and position our luxury houses for revenue and operating margin growth.”

What no one was expecting was a global health crisis that caused nonessential businesses around the world to temporarily close down to prevent the spread of the coronavirus, some of them for several months. 
 
Versace Releases New Merch for Pride
To celebrate Pride Month, Versace has launched a limited-edition capsule collection for men and women with a portion of sales supporting LGBTQ+ charities.

 
Capri will open stores of brands in phases
Capri will open stores of brands Versace, Michael Kors and Jimmy Choo in phases.

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