Quarterly ResultMay 27, 2026, 07:01 AM
Capri Holdings Returns to Profitability; Guides FY27 EPS +40%
AI Summary
Capri Holdings Limited announced its fourth quarter and full year fiscal 2026 results, highlighting a return to profitability. The company reported adjusted earnings per share of $0.22 for Q4 FY26, a significant improvement from a loss in the prior year. Strategic initiatives for Michael Kors and Jimmy Choo are showing traction, leading to confidence in future growth. Capri Holdings provided a positive outlook for fiscal year 2027, projecting low-single-digit revenue growth and approximately 40% adjusted EPS growth. The company also noted a $65 million IEEPA tariff refund receivable and completed the sale of its Versace business.
Key Highlights
- Capri Holdings returned to profitability in Q4 FY26 with adjusted EPS of $0.22, compared to $(4.55) in prior year.
- Q4 FY26 total revenue decreased 3.7% to $796 million, or 7.0% in constant currency.
- Fiscal Year 2026 free cash flow was $134 million.
- Company expects FY27 total revenue of approximately $3.525 billion and diluted EPS of approximately $2.15 (40% growth).
- Michael Kors Q4 revenue decreased 5.5% to $656 million, or 8.4% in constant currency.
- Jimmy Choo Q4 revenue increased 5.3% to $140 million, flat in constant currency.
- Repurchased 4.0 million shares for $79 million in Q4, with $921 million remaining authorization.
- Recorded a $65 million IEEPA Tariff refund receivable due to a U.S. Supreme Court decision.
Price Impact
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