apri Holdings beats by $0.38, beats on revs; guides Q2 EPS below consensus, revs above consensus; guides FY26 EPS in-line, revs above consensus (18.20 -0.11)
- Reports Q1 (Jun) earnings of $0.50 per share, excluding non-recurring items, $0.38 better than the FactSet Consensus of $0.12; revenues fell 6.0% year/year to $797 mln vs the $772.61 mln FactSet Consensus.
- "We are encouraged by our first quarter results. Trends improved sequentially leading to both revenue and earnings per share that exceeded our expectations."...
- Co issues mixed guidance for Q2, sees EPS of ~$0.10-0.15 vs. $0.28 FactSet Consensus; sees Q2 revs of ~$815-835 mln vs. $798.68 mln FactSet Consensus.
- For Michael Kors, the Company expects the following:
- Total revenue of approximately $685 to $700 million
- Operating margin in the high-single-digit range
- For Jimmy Choo, the Company expects the following:
- Total revenue of approximately $130 to $135 million
- Operating margin in the negative mid-single-digit range.
- For Michael Kors, the Company expects the following:
- Co issues guidance for FY26, sees EPS of $1.20-1.40 vs. $1.26 FactSet Consensus; sees FY26 revs of $3.375-3.450 bln vs. $3.36 bln FactSet Consensus.
- For Michael Kors, the Company expects the following:
- Total revenue of approximately $2.8 to $2.875 billion
- Operating margin in the high-single-digit range
- For Jimmy Choo, the Company expects the following:
- Total revenue of approximately $565 to $575 million
- Operating margin in the negative mid-single-digit range.
- For Michael Kors, the Company expects the following:
- Guidance reflects incremental tariffs on imports into the United States from the European Union at 15%, Cambodia and Indonesia at 19%, Bangladesh and Vietnam at 20%, India at 25% and China at 30%.