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Capri Holdings (CPRI)
NYSE:CPRI
Earnings Data
Report Date
Aug 07, 2025TBA Not Confirmed
Period Ending
2026 (Q1)Consensus EPS Forecast
0.13Last Year’s EPS
0.04Same Quarter Last Year
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 28, 2025
|% Change Since: -2.68%
|Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed sentiment, with significant strides being made in brand engagement and strategic initiatives at Michael Kors and Jimmy Choo. However, these positive aspects were offset by substantial revenue declines, a current net loss, and challenges related to tariffs and the Asian market.Company Guidance
During the earnings call for Capri Holdings Limited, the company provided guidance focusing on strategic initiatives for fiscal 2026 and beyond, following the pending sale of Versace. The guidance excluded Versace's impact, as it will be classified as a discontinued operation. Capri Holdings anticipates fiscal 2026 revenue to be between $3.3 and $3.4 billion, with Michael Kors generating $2.75 to $2.85 billion and Jimmy Choo $540 to $550 million. They expect gross margins of 61% to 61.5%, operating income around $100 million, and diluted earnings per share between $1.20 and $1.40. The company plans to reduce debt significantly using proceeds from the Versace sale, aiming for minimal net debt. Strategic efforts include expanding Michael Kors' brand desirability and product offerings, increasing Jimmy Choo's accessory sales, and improving store productivity. Despite a challenging macro environment, Capri Holdings is optimistic about growth prospects for fiscal 2027 and 2028, targeting Michael Kors revenue of $4 billion and Jimmy Choo $800 million, with double-digit operating margins.Sale of Versace to Prada Group
Capri Holdings announced the pending sale of Versace to Prada Group, which will help reduce debt levels and potentially reinstate a share repurchase program. This transaction is expected to strengthen the company's financial foundation and refocus resources on Michael Kors and Jimmy Choo.
Positive Trends at Michael Kors
Despite a 16% revenue decline, Michael Kors showed signs of improvement with a 10% year-over-year increase in its global consumer database and a sequential improvement in March that continued into the first quarter. New storytelling and product initiatives are beginning to resonate with consumers.
Growth in Jimmy Choo Accessories
Jimmy Choo saw strong performance in new accessory styles, including its fastest-selling day bag in five years. The brand's global consumer database increased by 11% year-over-year.
Improvement in Full-Price Sales
Michael Kors experienced strong full-price sell-throughs in new accessories groups, with positive responses from consumers. The brand saw an increase in average unit retail (AUR) in full-price retail stores.
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 |
|---|---|---|---|
May 28, 2025 | $17.55 | $18.04 | +2.79% |
Feb 05, 2025 | $24.03 | $21.61 | -10.07% |
Nov 07, 2024 | $21.99 | $20.52 | -6.68% |
Aug 08, 2024 | $32.10 | $30.54 | -4.86% |
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 Aug 07, 2025, TBA Not Confirmed.
What is Capri Holdings (CPRI) earnings time?
Capri Holdings (CPRI) earnings time is at Aug 07, 2025, TBA Not 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 (Q1) is 0.13.
