Capri Holdings delivered a Q1 FY2027 beat with revenue of $769M and a gross margin of 65%. Margins expanded and Jimmy Choo showed momentum while Michael Kors faced headwinds, guiding FY27 to about $3.4B in revenue and $2.15 in EPS, supported by cost-reduction actions. Tariffs, FX, and EMEA softness remain key near-term risks to the outlook.
Capri Holdings forecast annual profit above Wall Street estimates as it leans on a turnaround aimed at reviving Michael Kors to offset waning demand elsewhere. The plan centers on Kors to lift brand momentum, margins, and cash flow; success hinges on executing the Kors revival. The market will react to actual results in the coming quarters.
Capri Holdings has increased its annual revenue forecast due to consistent demand for its apparel and handbags from popular brands Jimmy Choo and Michael Kors. This optimistic outlook indicates potential growth and positive investor sentiment moving forward.
Capri Holdings reported a larger-than-expected fourth-quarter loss of $4.90 per share. Sales declined 15.4% year-over-year, but exceeded analyst expectations. Revenue guidance for fiscal 2026 lowered to $3.30-$3.40 billion, below consensus. Future growth plans involve increasing Michael Kors and Jimmy Choo revenues significantly. Analysts adjusted price targets, reflecting varied outlooks on stock performance.
Capri Holdings saw a 15% revenue decline in fiscal 2025. The company reported an operating loss and cut its 2026 revenue forecast. Tariff uncertainties contributed to the revised revenue outlook. Focus will shift to Michael Kors and Jimmy Choo after selling Versace. Shares are dropping as investors react to these negative developments.
Capri Holdings posts a larger-than-expected quarterly loss of $4.90 per share. Revenue of $1.04 billion exceeded expectations but failed to buoy share prices. Full-year outlook lowered; fiscal 2026 revenue projected at $3.3-$3.4 billion. Capri's merger with Tapestry was blocked, raising further strategic concerns. Sale of Versace to Prada for almost $1.4 billion classified as discontinued.