NYSE$CPRI

Capri Holdings Ltd · Q1 2027 earnings

Q1 2027 earnings · · Before market open · Investor relations

Briefing

Capri Holdings reported Q1 FY2027 revenue of $769 million, exceeding expectations with adjusted EPS of $0.67.

Capri Holdings Limited announced its first quarter fiscal 2027 results on August 5, 2026, showing revenue of $769 million, a 3.5% decline year-over-year. The company achieved net income of $69 million and adjusted EPS of $0.67, beating analyst estimates. Strategic initiatives at Michael Kors and Jimmy Choo are progressing, though the company revised its full-year revenue outlook downward to approximately $3.4 billion while maintaining EPS guidance of $2.15.

  • Total revenue decreased 3.5% to $769 million; constant currency decline of 4.1%.
  • Adjusted operating margin improved to 3.6% from 2.5% in the prior year.
  • Jimmy Choo revenue grew 10.5% with operating margin expanding to 7.3%.
  • Company maintains FY2027 adjusted EPS guidance of $2.15 despite lowering revenue outlook to $3.4 billion.

Headline financials

Total Revenue

$769M

Previous: $797M-3.5%
EPS (adj)

$0.67

Previous: $0.44+52.3%
Gross Margin

65.0%

Previous: 63.0%+3.2%
Operating Margin

2.2%

Previous: 2.0%+10.0%
Adjusted Operating Margin

3.6%

Previous: 2.5%+44.0%
Net Inventory Change

-20.0%

Previous: 10.8%-285.2%
Jimmy Choo Operating Margin

7.3%

Previous: 2.5%+192.0%
Michael Kors Operating Margin

9.3%

Previous: 9.9%-6.1%
Free Cash Flow

$48M

Previous: $40M+20.0%
Net Income

$69M

Previous: $53M+30.2%
Operating Income

$17M

Previous: $16M+6.3%
Gross Profit

$500M

Previous: $502M-0.4%
Cash & Equivalents

$114M

Previous: $129M-11.6%

Revenue & EPS history

Capri · Revenue · Quarterly

$769M

Q1 2027-3.5%vs Q1 2026
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Capri · $769M total across 2 segments · Q1 2027

  • Michael Kors
    $590M
  • Jimmy Choo
    $179M

Forward guidance

FY2027 revenue expected at approximately $3.4 billion with adjusted EPS of $2.15; Q2 revenue approximately $780 million with EPS of $0.20.

Tailwinds

  • Jimmy Choo expected to grow and return to profitability.
  • Maintained EPS guidance despite revenue reduction.
  • Actions taken to reduce operating expenses.

Headwinds

  • Lower than anticipated inventory levels impacting Q2.
  • Softer trends in EMEA due to Middle East conflict.
  • Foreign currency headwinds.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports

Historical avg

+2.4%

Avg return

Earnings day

+2.5%

Avg return

5 days after

+3.3%

Avg return

30 days after

58%

34 / 59 earnings

Positive

+53.5%

Q1 2024

Best reaction

-25.5%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027
Q4 2026-1.2%-0.5%
Q3 2026-13.4%-12.8%-19.2%
Q2 2026-0.0%+6.7%+33.5%
Q1 2026+14.3%+6.7%+16.9%
Q4 2025+3.1%-0.9%+0.2%
Q3 2025-10.1%-8.5%-13.1%
Q2 2025-6.7%-11.9%+1.3%
Q1 2025-4.2%-6.2%+9.1%
Q4 2024-1.2%+0.5%-3.4%
Q3 2024+1.3%+1.8%+1.2%
Q2 2024-2.3%-1.5%+0.5%
Q1 2024+53.5%+50.0%+52.5%
Q4 2023-13.0%-9.8%-9.3%
Q3 2023-25.5%-22.8%-35.4%
Q2 2023+4.5%+10.9%+21.5%
Q1 2023-1.8%+1.2%-5.3%
Q4 2022+0.6%+4.8%-15.4%
Q3 2022+4.9%+5.4%-11.3%
Q2 2022+19.9%+16.6%+10.8%
Q1 2022+14.2%+16.6%+16.7%
Q4 2021+6.6%+7.1%+6.3%
Q3 2021+6.6%+9.0%+11.6%
Q2 2021+7.2%+20.8%+68.1%
Q1 2021+7.2%+20.1%+22.2%
Q4 2020-2.6%+0.5%-4.2%
Q3 2020+1.9%-2.2%-25.5%
Q2 2020+4.5%+6.7%+11.9%
Q1 2020+3.5%-5.5%-11.1%
Q4 2019-13.1%-12.5%-10.8%
Q3 2019+8.2%+4.5%+0.1%
Q2 2019-12.8%-16.9%-29.5%
Q1 2019+10.3%+8.9%+10.3%
Q4 2018-15.9%-11.2%-2.4%
Q3 2018-8.3%-7.0%-6.2%
Q2 2018+14.7%+14.9%+25.7%
Q1 2018+23.0%+20.0%+13.8%
Q4 2017-8.8%-4.9%-0.1%
Q3 2017-8.3%-7.0%-11.7%
Q2 2017-1.0%-6.5%-1.6%
Q1 2017-2.0%-0.3%-4.7%
Q4 2016+11.2%+16.1%+17.2%
Q3 2016+27.9%
Q2 2016+10.6%
Q1 2016+11.0%
Q4 2015-24.4%
Q3 2015+0.9%
Q2 2015-7.2%
Q1 2015-3.3%
Q4 2014-3.6%
Q3 2014+19.1%
Q2 2014+6.3%
Q1 2014+2.4%
Q4 2013+6.0%
Q3 2013+7.6%
Q2 2013-4.9%
Q1 2013+16.6%
Q4 2011+1.7%
Q4 2012+1.7%
Q4 2010+1.7%
Q1 2012

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