EarningsQ1 2027 Earnings Report
MX:CPRIN Q1 2027 EPS Results
Actual EPS$12.11
Consensus EPS$7.50
Beat/MissBeat by +$4.61
One Year Ago EPS$9.04
MX:CPRIN Q1 2027 Revenue Results
Actual Revenue$13.90B
Expected Revenue$13.69B
Beat/MissBeat by +$205.84M
YoY Revenue Growth-3.51%
Earnings Announcement Details
QuarterQ1 2027
Date08/05/2026
TimeBefore Open
Conference CallWednesday, August 5, 2026
MX:CPRIN Upcoming Earnings
Capri Holdings's next earnings date is estimated for November 5, 2026, based on past reporting schedules.
Q1 2027 Earnings Call Audio
MX:CPRIN Q1 2027 Earnings Call
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Q1 2027 Earnings Slide Deck
Q1 2027 Earnings Call Summary
Earnings Call Sentiment|Positive
The call balanced meaningful operational and financial progress — margin expansion, improving EPS, strong Jimmy Choo momentum, sizable net-debt reduction and early retail renovation success — against near-term revenue headwinds driven by intentional markdown reductions, inventory timing issues and EMEA softness. Management lowered full-year revenue guidance but maintained a materially higher EPS target and outlined expense actions and inventory receipt acceleration to mitigate short-term impacts while emphasizing confidence in a return to growth in the back half of the year.Company Guidance
Earnings and Profitability Beat
Q1 net income of $76 million and diluted EPS of $0.67, up ~30% year-over-year; operating income improved ~40% and total company operating income was $28 million with operating margin expanding 110 basis points to 3.6%.
Gross Margin Expansion
Total company gross margin increased to 65%, up 200 basis points versus prior year. Michael Kors gross margin expanded to 63.9%, up 280 basis points year-over-year.
Jimmy Choo Momentum and Growth
Jimmy Choo revenue of $179 million, up 10.5% reported (9.3% constant currency). Retail and wholesale grew low double digits; Americas sales up 26%. Jimmy Choo operating margin improved to 7.3%, up 480 basis points, and the brand delivered its third consecutive quarter of positive performance.
Strong Brand Engagement and Marketing Wins
Michael Kors campaign and events generated over 100 million impressions and an 8% year-over-year increase in the Michael Kors global consumer database; Jimmy Choo influencer initiatives generated nearly 50 million impressions and a 7% increase in Jimmy Choo's global consumer database.
Inventory and Working Capital Actions
Company intentionally reduced inventory to $624 million (down 20% year-over-year; Michael Kors inventory down ~25%) as part of quality-of-sale initiatives, improving balance of full-price vs markdown inventory and supporting gross margin expansion.
Balance Sheet and Capital Allocation Progress
Quarter-end cash of $114 million and total debt of $338 million, delivering net debt of $224 million (down from ~$1.5 billion a year ago). Repurchased ~$50 million of shares in the quarter with ~$871 million remaining buyback availability; company expects to repurchase $200 million in FY27.
Maintained and Improved Full-Year EPS Outlook
Despite lowering revenue guidance, management maintained FY27 diluted EPS guidance of approximately $2.15, representing ~40% growth versus prior year, supported by targeted expense reductions and margin improvements.
Store Renovation Early Success
Opened 2 new flagship stores (Beijing and Kuala Lumpur) featuring Jet Set Lounge concept; renovated stores are generating significant year-over-year sales increases, supporting the company’s retail productivity thesis.
MX:CPRIN 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