Capri Holdings (NYSE:CPRI) Cost of Goods Sold

: $1,853 Mil (TTM As of Jun. 2023)

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Capri Holdings's cost of goods sold for the three months ended in Jun. 2023 was $417 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Jun. 2023 was $1,853 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Capri Holdings's Gross Margin % for the three months ended in Jun. 2023 was 66.07%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Capri Holdings's Inventory Turnover for the three months ended in Jun. 2023 was 0.38.

Capri Holdings Cost of Goods Sold Historical Data

The historical data trend for Capri Holdings's Cost of Goods Sold can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Capri Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cost of Goods Sold

2,058.00

2,280.00

1,463.00

1,910.00

1,895.00

Capri Holdings Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cost of Goods Sold																459.00	461.00	507.00	468.00	417.00

Capri Holdings Cost of Goods Sold Calculation

Cost of Goods Sold is the aggregate cost of goods produced and sold, and services rendered during the reporting period. It excludes Total Operating Expense, such as Depreciation, Depletion and Amortization and Selling, General, & Admin. Expense.

Cost of Goods Sold for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,853 Mil.

Capri Holdings (NYSE:CPRI) Cost of Goods Sold Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Capri Holdings's Gross Margin % for the three months ended in Jun. 2023 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(1229	-	417)	/	1229
	=	66.07 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Cost of Goods Sold is also directly linked to another concept called Inventory Turnover:

Capri Holdings's Inventory Turnover for the three months ended in Jun. 2023 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	417	/	1111.5
	=	0.38

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher inventory turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate inventory turnover. An average inventory is a better indication.

Capri Holdings Cost of Goods Sold Related Terms

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Capri Holdings (NYSE:CPRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Capri Holdings Ltd (NYSE:CPRI) » Definitions » Cost of Goods Sold

Comparable Companies

Traded in Other Exchanges

MKO:Germany CAPH34:Brazil

Address

90 Whitfield Street, 2nd Floor, London, GBR, W1T 4EZ

Website

https://www.capriholdings.com

Michael Kors, Versace, and Jimmy Choo are the brands of Capri Holdings, a marketer, distributor, and retailer of upscale accessories and apparel. Michael Kors, Capri's largest brand, offers handbags, footwear, and apparel through more than 800 company-owned stores, wholesale, and e-commerce. Versace (acquired in 2018) is known for its ready-to-wear luxury fashion, while Jimmy Choo (acquired in 2017) is best known for women's luxury footwear. John Idol has served as CEO since 2003.

Executives

Cedric Wilmotte	officer: CEO - Michael Kors	C/O CAPRI HOLDINGS LIMITED, 90 WHITFIELD STREET, 2ND FLOOR, LONDON X0 W1T 4EZ
Mahesh Madhavan	director	C/O CAPRI HOLDINGS LIMITED, 90 WHITFIELD STREET, 2ND FLOOR, LONDON X0 W1T 4EZ
Joshua Schulman	officer: CEO - Michael Kors	603 WEST 50TH STREET, NEW YORK X1 10019
Marilyn C Crouther	director	1902 RESTON METRO PLAZA, RESTON VA 20190
Jenna Hendricks	officer: SVP, Chief People Officer	33 KINGSWAY, LONDON X0 WC2B 6UF
Daniel Purefoy	officer: SVP, Global Ops	33 KINGSWAY, LONDON X0 WC2B 6UF
Ann Mclaughlin Korologos	director	PO BOX 3599, BATTLECREEK MI 49016-3599
Freestone Robin Anthony David	director	33 KINGSWAY, LONDON X0 WC2B 6UF
Jean Tomlin	director	C/O MICHAEL KORS (USA), INC., 11 WEST 42ND STREET, NEW YORK NY 10036
Thomas Jr. Edwards	officer: EVP, CFO, COO & Treasurer	6820 LBJ FREEWAY, DALLAS TX 75240
Krista A Mcdonough	officer: SVP, General Counsel	33 KINGSWAY, LONDON X0 WC2B 6UF
Cathy Marie Robinson	officer: SVP, Corp Str & Ch Ops Off	C/O MICHAEL KORS (USA), INC., 11 WEST 42ND STREET, NEW YORK NY 10036
Michael David Kors	director, officer: Hon Chair & Chief Creative Off	C/O MICHAEL KORS (USA), INC., 11 WEST 42ND STREET, ATTN. LEE SPORN, NEW YORK NY 10036
Jane A. Thompson	director	C/O MICHAEL KORS (USA), INC., 11 WEST 42ND STREET, NEW YORK NY 10036
John D Idol	director, officer: Chairman & CEO	650 MADISON AVE, NEW YORK NY 10022