Capri Holdings sees FY23 adjusted EPS $6.10, consensus $6.87

Sees FY23 revenue $5.56B, consensus $5.72B. Sees FY23 modest gross margin expansion; Operating margin of approximately 16.0%; Net interest expense and foreign currency gains of approximately $12M; Effective tax rate of approximately 7%; Weighted average diluted shares outstanding of approximately 134M; Ending inventory to be below prior year. For Versace, the Company expects total revenue of approximately $1.1B; and Operating margin of approximately 15% For Jimmy Choo, the Company expects total revenue of approximately $610M; and Operating margin of approximately 4%. For Michael Kors, the Company expects total revenue of approximately $3.83B; and Operating margin of approximately 22%.