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Capri Holdings (CPRI)
NYSE:CPRI
Earnings Data
Report Date
Jun 03, 2026Before Open (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.11Last Year’s EPS
-4.9Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a mix of constructive strategic progress and material near-term headwinds. Positives include a transformative balance-sheet transaction (Versace sale) that reduced net debt from roughly $1.6B to ~$80M, a ~30% increase in quarterly EPS, underlying gross margin expansion excluding tariffs, cost reductions and clear momentum at Jimmy Choo (revenue and wholesale strength). Offsetting these are a 4% decline in total revenue, a 230-basis-point decline in reported gross margin driven by tariffs and mix, Michael Kors revenue softness (notably in The Americas), a modest reserve related to a wholesale bankruptcy, and guidance indicating continued margin pressure for the full year for parts of the portfolio. Management reiterated confidence in a return to growth in fiscal 2027 as strategic initiatives (pricing architecture, product, influencer marketing, store renovations and sourcing actions) continue to take hold.Company Guidance
Strong Balance Sheet Update — Versace Sale and Debt Reduction
Completed sale of Versace for approximately $1.4 billion in cash; ended the quarter with $154M cash, $234M debt and net debt of ~$80M (vs. ~ $1.6B net debt at end of prior quarter), materially strengthening financial flexibility.
Earnings Per Share Increase
Diluted EPS for the quarter increased ~30% to $0.81, reflecting improved profitability and expense discipline despite revenue headwinds.
Underlying Gross Margin Expansion (Excluding Tariffs)
Underlying gross margin expanded +70 basis points company-wide. By brand, Michael Kors excluding tariffs expanded +60 bps and Jimmy Choo excluding tariffs expanded +80 bps, driven by better full-price sell-throughs and reduced promotions.
Jimmy Choo Momentum and Growth
Jimmy Choo revenue exceeded expectations, up 5% reported (1.9% constant currency). Retail improved sequentially (low-single-digit comp), wholesale grew double digits, Americas up ~23%, Bonbon group grew double digits, and footwear and casual categories showed high- to mid-single-digit gains; Jimmy Choo consumer database +8% YoY.
Improved Full-Price Performance and Consumer Engagement (Michael Kors)
Michael Kors saw sequential improvement in full-price channels with low-double-digit increases in full-price sales in that channel, higher AURs, and healthier mix. Influencer posts up 100% YoY and impressions/engagement ~+300%; Michael Kors global consumer database +8% YoY; three sequential quarters of online traffic improvement reported.
Operating Expense Reductions
Operating expense decreased by $32M versus prior year, delivering ~80 basis points of expense leverage and supporting EPS/margin resilience.
Retail Investment Progress — Store Renovation Program
Announced plan to renovate ~50% of store fleet and key department store locations over three years; renovated locations are already showing meaningful increases in traffic and sales versus prior year.
Narrowed Fiscal 2026 Guidance with Path to FY2027 Growth
Company narrowed FY26 revenue guidance to $3.45B–$3.475B, gross margin ~61%, and FY26 diluted EPS guidance of $1.30–$1.40; management reiterated expectation of a return to revenue and earnings growth in fiscal 2027 driven by gross margin expansion, sourcing efficiencies and targeted price increases.
CPRI 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
CPRI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 03, 2026 | $23.14 | $20.08 | -13.22% |
Nov 04, 2025 | $20.72 | $20.71 | -0.05% |
Aug 06, 2025 | $18.20 | $20.84 | +14.51% |
May 28, 2025 | $17.55 | $18.04 | +2.79% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Capri Holdings (CPRI) report earnings?
Capri Holdings (CPRI) is schdueled to report earning on Jun 03, 2026, Before Open (Confirmed).
What is Capri Holdings (CPRI) earnings time?
Capri Holdings (CPRI) earnings time is at Jun 03, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CPRI EPS forecast?
CPRI EPS forecast for the fiscal quarter 2026 (Q4) is 0.11.
