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.
How this was made
The 30-second read
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.
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.
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.
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.
Ticker impact
Capri reported Q1 FY2027 results and cut FY2027 revenue guidance to about $3.4B while keeping EPS outlook near $2.15.
Near-term volatility likely as investors weigh revenue softness against maintained EPS and margin/cost actions.
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
- companyCapri Holdings Limited
Reported Q1 FY2027 results and revised FY2027 revenue guidance while keeping EPS outlook.
- brandMichael Kors
Q1 revenue declined 7.1% and management cited inventory timing headwinds for the FY2027 revenue outlook cut.
- brandJimmy Choo
Q1 revenue grew 10.5% and management expects continued growth and return to profitability.
- companyPrada S.p.A.
Acquired Capri’s Versace subsidiaries under a stock purchase agreement completed Dec 2, 2025.



