Capri Holdings (CPRI)
NYSE:CPRI
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Earnings Data
Report Date
Aug 06, 2026Before Open (Confirmed)
Period Ending
2027 (Q1)Consensus EPS Forecast
0.39Last Year’s EPS
0.5Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive tone: management highlighted a return to profitability, meaningful gross margin expansion, strengthened balance sheet after the Versace sale, significant share repurchases and concrete FY2027 guidance calling for low single-digit revenue growth, ~200 bps gross margin expansion and a 40% increase in EPS. Brand-level momentum at Michael Kors (full-price comp recovery, higher AURs, store renovation benefits) and accelerating Jimmy Choo retail/wholesale trends were emphasized. Key risks and near-term headwinds include the deliberate quality-of-sale actions that trimmed ~ $150M in FY2026 revenue and will weigh on early FY2027 results, continued outlet and wholesale pressures (especially for Michael Kors), Jimmy Choo’s current profitability shortfall, tariff uncertainty and modest FX-driven expense increases. Overall, the positive operational traction, margin improvement and strong capital position outweigh the near-term revenue headwinds and uncertainties.Company Guidance
Return to Profitability and EPS Recovery
Capri returned to profitability in Q4 with net income of $27 million and diluted EPS of $0.22 (versus a loss the prior year). Management expects FY2027 diluted EPS of approximately $2.15, a 40% increase over last year.
Revenue and Q4 Top-Line
Total company revenue in Q4 was $796 million, down 3.7% on a reported basis and down 7% in constant currency (management indicated the Q4 decline was in line with expectations).
Significant Gross Margin Expansion
Company gross margin expanded 490 basis points to 64.8% in Q4 (inclusive of tariff-related adjustments). Management is guiding to ~200 basis points of full-year gross margin expansion in FY2027, with ~300 bps improvement in the first half (ex-tariff noise) and further improvement in the second half.
Tariff Refund Recognized
Company recorded tariff-related benefits: $65 million of IEEPA tariffs paid was addressed, with $40 million recognized as a reduction to cost of goods sold in Q4 and $25 million recorded as a reduction to inventory (to flow through COGS in H1 FY2027).
Balance Sheet Strength and Cash Return
Net debt at quarter end was $222 million compared with ~ $1.4 billion a year ago following the Versace sale. The company repurchased $79 million of shares in Q4 and plans ~$200 million of share repurchases in FY2027 with $921 million remaining repurchase authorization.
Positive Brand Momentum: Michael Kors
Michael Kors showed improving full-price performance: full-price comps turned positive across all regions, AURs increased low double digits, full-price sell-throughs improved and global consumer database grew ~8% YoY. Management expects Michael Kors to drive gross/operating margin expansion and long-term potential to $4 billion revenue with low-20% operating margin.
Positive Brand Momentum: Jimmy Choo
Jimmy Choo exceeded expectations in Q4 with revenue +5.3% reported (flat in constant currency), retail up mid-single digits and wholesale mid-single digits. Jimmy Choo's global database grew ~7% YoY and management expects a return to profitability in FY2027 and long-term revenue potential of $800 million with low double-digit operating margins.
Inventory and Working Capital Progress
Inventory at quarter end was $581 million, down 17% year-over-year, which management cites as disciplined inventory management supporting margin improvement and reduced off-price availability.
Capital Expenditure and Store Renovation Program
FY2026 capex was $63 million; FY2027 capex is expected to be ~ $125 million to support store renovations and IT/digital investments. Management plans ~100 Michael Kors store renovations in FY2027 (and ~150 department store door renovations) and has completed ~35 MK renovations to date with encouraging traffic/sales lifts.
CPRI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CPRI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 27, 2026 | $18.50 | $18.27 | -1.24% |
Feb 03, 2026 | $23.14 | $20.08 | -13.22% |
Nov 04, 2025 | $20.72 | $20.71 | -0.05% |
Aug 06, 2025 | $18.20 | $20.84 | +14.51% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Capri Holdings (CPRI) report earnings?
Capri Holdings (CPRI) is schdueled to report earning on Aug 06, 2026, Before Open (Confirmed).
What is Capri Holdings (CPRI) earnings time?
Capri Holdings (CPRI) earnings time is at Aug 06, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CPRI EPS forecast?
CPRI EPS forecast for the fiscal quarter 2027 (Q1) is 0.39.
