Quarterly ResultAug 5, 2026, 06:52 AM
Capri Holdings Q1 EPS $0.67, Beats; FY27 EPS Maintained
AI Summary
Capri Holdings reported first-quarter fiscal 2027 adjusted earnings per share of $0.67, exceeding expectations, despite a 3.5% decrease in total revenue to $769 million. The company saw strong performance from Jimmy Choo, with revenue up 10.5%, while Michael Kors revenue declined 7.1% due to headwinds. For fiscal year 2027, Capri Holdings revised its revenue outlook down to approximately $3.4 billion due to Michael Kors inventory delays and softer EMEA trends, but maintained its diluted EPS outlook at approximately $2.15, representing 40% growth, by implementing operating expense reductions. The company also repurchased $50 million in shares and significantly reduced net debt to $224 million.
Key Highlights
- Q1 FY27 adjusted EPS was $0.67, exceeding expectations.
- Q1 FY27 total revenue decreased 3.5% to $769 million.
- Jimmy Choo Q1 revenue increased 10.5% to $179 million.
- Michael Kors Q1 revenue decreased 7.1% to $590 million.
- FY27 revenue outlook revised to ~$3.4 billion due to headwinds.
- FY27 diluted EPS outlook maintained at ~$2.15 (40% growth).
- Repurchased $50 million of shares in Q1 FY27.
- Net debt significantly reduced to $224 million.
Price Impact
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