CPRI Capri Holdings Ltd
Price Chart
Executive Summary
Capri Holdings Q4 FY2026 revenue declined 3.7% YoY to $796M, while GAAP EPS was -$0.01 (immaterial net loss) vs consensus estimate of $0.12. The company issued FY2027 guidance of ~$3.525B revenue (low-single-digit growth) and ~$2.15 adjusted EPS (~40% growth), along with active share repurchases (4.0M shares for $79M in Q4, $921M remaining). The strong forward guidance and return to profitability signal inflection, but Q4 revenue miss and ongoing revenue declines temper enthusiasm.
Key Financial Metrics
Actionable Insight
The FY2027 guidance of ~40% adjusted EPS growth (~$2.15 vs ~$1.50) provides a strong narrative for a fundamental turnaround, especially following the Versace sale deleveraging. The renewed buyback program ($921M remaining vs $2.2B market cap) is very aggressive — ~42% of current market cap authorized. However, Q4 revenue still declined and Michael Kors remains in contraction (-5.5%). Monitor first quarter FY2027 same-store sales and Michael Kors Americas trends for confirmation.
Key Facts
- Q4 FY2026 revenue $796M, down 3.7% YoY vs $827M; GAAP EPS -$0.01 vs consensus $0.12
- FY2027 guidance: revenue ~$3.525B (low-single-digit growth), adjusted EPS ~$2.15 (~40% growth)
- Active buyback: repurchased 4.0M shares for $79M in Q4; $921M remaining authorization
- Net debt reduced to $222M from $1.4B YoY; free cash flow $134M for FY2026
- IEEPA tariff refund receivable of $65M recorded; $40M benefit to Q4 cost of goods sold
- Michael Kors Q4 revenue -5.5% to $656M; Jimmy Choo +5.3% to $140M
- Fiscal 2026 full-year revenue $3.474B vs $3.621B prior year, -4.1%
Financial Impact
Guidance implies ~$2.15 adjusted EPS in FY2027 vs ~$1.50 adjusted EPS in FY2026, representing ~43% YoY growth. Current market cap ~$2.2B.
Risk Factors
- Tariff uncertainty: guidance assumes incremental 10% tariff rate; actual rates could exceed assumptions
- Michael Kors brand remains in revenue decline (-5.5% in Q4, -4.7% for full year)
- IEEPA tariff refund of $65M is an estimate subject to CBP processing delays or appeals
- Jimmy Choo operating loss expanded to -14.3% margin in Q4 from -7.5% prior year
- Pending federal securities law class action noted as risk factor
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001530721-26-000044 |
| Document: cpri-20260527.htm | 0001530721-26-000044 |
| Document: 0001530721-26-000044-index-headers.html | 0001530721-26-000044 |
| Document: 0001530721-26-000044-index.html | 0001530721-26-000044 |
| Document: 0001530721-26-000044.txt | 0001530721-26-000044 |
| 8-K Data (Synthetic) | 0001530721-26-000044 |
Filters
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|---|---|---|---|---|---|
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Jun 8, 2026
4d ago
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144
| $19.39 awaiting T+5 | awaiting T+5 | — | $21.33 (+10.01%) |
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May 27, 2026
17d ago
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8-K
| $18.26 $18.34 | ▲ +0.44% | ▼ −0.03% | $21.33 (+16.84%) |
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Apr 9, 2026
9w ago
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8-K
| $19.82 $19.81 | ▼ −0.05% | ▼ −3.24% | $21.33 (+7.65%) |
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Feb 25, 2026
15w ago
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8-K
| $20.16 $18.96 | ▼ −5.95% | ▼ −4.85% | $21.33 (+5.83%) |
US Market Status
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