Quarterly ResultAug 5, 2026, 04:19 PM
Capri Q1 Net Income $69M, EPS $0.60; Revenue $769M
AI Summary
Capri Holdings Ltd. reported a significant increase in net income and diluted earnings per share for the first quarter ended June 27, 2026, reaching $69 million and $0.60, respectively, despite a slight decrease in total revenue to $769 million. The company also saw a substantial improvement in net cash provided by operating activities, which totaled $73 million. Additionally, Capri repurchased $54 million in ordinary shares and expects to collect $59 million in IEEPA tariff refunds, with $43 million already received after the quarter end.
Key Highlights
- Net income attributable to Capri increased to $69 million from $53 million year-over-year.
- Diluted earnings per share rose to $0.60 from $0.44 year-over-year.
- Total revenue decreased to $769 million from $797 million year-over-year.
- Net cash provided by operating activities was $73 million, compared to $(8) million last year.
- Repurchased $54 million of ordinary shares during the quarter.
- Anticipates collecting $59 million in IEEPA tariff refunds, with $43 million received post-quarter.
Price Impact
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