Capri Holdings Limited Announces First Quarter Fiscal 2027 Results

Capri Holdings (NYSE:CPRI) reported first-quarter fiscal 2027 results for the period ended June 27, 2026. Total revenue fell 3.5% to $769 million, with EPS of $0.60 ($0.67 adjusted). The company raised gross margin to 65.0% and said it now expects FY2027 revenue of about $3.4 billion and adjusted EPS of about $2.15.

Original reporting
Published Aug 5, 2026, 11:15 AM UTC
Analysis
alphai AI DeskAI-generated
Added to alphai Aug 5, 2026, 11:45 AM UTC. Informational, not investment advice.
How this was made
alphai summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
alphai market briefEarnings
Primary signal
$CPRI
Neutral
medium confidence
Mentioned
$CPRI
Relevance
8/10
alphai data visualization · based on finanznachrichten.de
Decision brief

The 30-second read

$CPRINeutralMed
01

Why it matters

The key tradable update is the FY2027 revenue guidance reduction to about $3.4B, alongside a maintained FY2027 diluted EPS outlook of about $2.15, supported by expense reductions and expected Jimmy Choo profitability recovery.

02

Market read

Traders can reprice Capri’s luxury demand and margin trajectory using the explicit FY2027 revenue and EPS guidance, plus segment drivers (inventory timing, EMEA softness, FX) and tariff assumptions.

03

What to watch

Inventory is down 20% YoY and gross margin rose, but Jimmy Choo margin fell on channel mix, which could limit upside if mix does not improve.

Relevance 8/10Novelty 8/10Timing: pre-market today (press release dated 2026-08-05)

Background

Capri Holdings is a luxury fashion group with brands Michael Kors and Jimmy Choo; Versace was sold to Prada in Dec 2025, so results are from continuing operations.

Company-level read

Ticker impact

$CPRINeutralMedium confidence
Context

Capri reported Q1 FY2027 results and cut FY2027 revenue guidance to about $3.4B while keeping EPS outlook near $2.15.

Expected impact

Near-term volatility likely as investors weigh revenue softness against maintained EPS and margin/cost actions.

Evidence & confidence

The article contains a concrete guidance change (revenue) plus maintained EPS, with segment-level margin and inventory/cash flow details that can shift expectations for luxury demand and cost discipline.

Market effects

Signals continued demand and margin pressure in luxury apparel, with tariff and FX assumptions explicitly embedded in guidance.

Highlights EMEA softness as a named driver of the revenue outlook cut.

Tariff-rate and FX sensitivity in the outlook underscores macro-driven risk for global luxury peers.

Counterpoint

Maintaining EPS while cutting revenue could reflect temporary timing and cost actions that may not sustain if inventory delays or EMEA weakness persist.

Key entities

  • Capri Holdings Limited

    Reported Q1 FY2027 results and revised FY2027 revenue guidance while keeping EPS outlook.

  • Michael Kors

    Q1 revenue declined 7.1% and management cited inventory timing headwinds for the FY2027 revenue outlook cut.

  • Jimmy Choo

    Q1 revenue grew 10.5% and management expects continued growth and return to profitability.

  • Prada S.p.A.

    Acquired Capri’s Versace subsidiaries under a stock purchase agreement completed Dec 2, 2025.

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Ralph Lauren said fiscal Q1 revenues rose 13% on a constant-currency basis and it raised full-year revenue and adjusted operating margin expansion guidance, citing brand investment and product and digital initiatives. Capri, parent of Michael Kors and Jimmy Choo, lowered revenue guidance after fiscal Q1 revenues fell 4.1%, citing Iran-related headwinds and Michael Kors inventory delays.

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Capri Revenues Fall in Q1 as Debt Subsides

Capri Holdings (parent of Jimmy Choo and Michael Kors) reported Q1 FY2027 revenues of $769m, down 4.1% constant currency but above internal expectations. Gross margin rose 2% to 65%. Michael Kors revenue fell 7.6% to $590m; Jimmy Choo rose 9.3% to $179m. Net debt fell to $224m. FY2027 revenue guidance is about $3.4b.

$CPRIMedAI 8/10

Why Is Capri Holdings Stock Falling Wednesday? - Capri Holdings (NYSE:CPRI)

Capri Holdings (CPRI) shares fell after results and guidance. Adjusted EPS was 67 cents, above the 40-cent consensus, while revenue fell 3.5% to $769M but beat estimates. The company cited lower-than-expected Michael Kors inventory, softer EMEA trends, and FX headwinds. Q2 revenue guidance is about $780M; fiscal 2027 GAAP EPS $2.15, revenue cut to $3.4B.