The earnings call detailed both positive initiatives, such as strategic improvements and brand engagement, and significant challenges, particularly in revenue decline and tariff costs. While there are encouraging signs of strategic success, the overall financial performance was impacted by macroeconomic factors.

Company Guidance

During the Capri Holdings Limited First Quarter Fiscal 2026 Conference Call, several key metrics and strategic initiatives were discussed. The company reported a total revenue of $797 million, marking a 6% decrease from the previous year. Earnings per share were noted at $0.50. Despite the overall revenue decline, there was a sequential improvement in trends across all regions. Michael Kors saw a 6% revenue decrease, with positive signs in full-price stores where average unit retail prices (AUR) turned positive for the first time in three years. Jimmy Choo experienced a 6.4% revenue decrease, attributed mainly to shipment phasing in the wholesale channel, but showed improved performance in full-price sell-throughs and AURs. For fiscal 2026, Capri anticipates total revenue between $3.375 billion and $3.45 billion, with Michael Kors contributing between $2.8 billion and $2.875 billion, and Jimmy Choo between $565 million and $575 million. The company also highlighted a strategic shift towards enhancing brand engagement through social media and influencer partnerships, and plans to renovate 50% of its store fleet over the next three years, while closing 75 underperforming Michael Kors stores within the current fiscal year.

Sequential Improvement in Revenue Trends

Though total revenue decreased by 6% year-over-year to $797 million, there was a sequential improvement in trends across all regions and channels, signaling progress in strategic initiatives.

Positive AUR Trends

Average Unit Retail (AUR) trends turned positive in the full-price channel for the first time in three years at Michael Kors, indicating a successful pricing strategy.

Michael Kors Strategic Initiatives Gaining Traction

The company's strategic initiatives, including influencer partnerships and pricing architecture, have led to positive shifts in brand affinity and engagement, with a 9% increase in the global database.

Improved Engagement and Brand Affinity

Michael Kors and Jimmy Choo both saw a 9% increase in their global consumer databases, driven by strategic marketing and influencer partnerships.

Jimmy Choo Accessories Momentum

Jimmy Choo's accessories business experienced strong sales, with notable performance from the Bonbon and Sinch bags, and a successful introduction of the Curve bag.

Capri Holdings (CPRI) Earnings, Revenues Date & History

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CPRI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2026 (Q2)	0.14 / -	0.65	―	―	―
Aug 06, 2025	2026 (Q1)	0.12 / 0.50	0.04	1150.00% (+0.46)
May 28, 2025	2025 (Q4)	-0.13 / -4.90	0.42	-1266.67% (-5.32)
Feb 05, 2025	2025 (Q3)	0.66 / 0.45	1.2	-62.50% (-0.75)
Nov 07, 2024	2025 (Q2)	0.73 / 0.65	1.13	-42.48% (-0.48)	―	―
Aug 08, 2024	2025 (Q1)	0.60 / 0.04	0.74	-94.59% (-0.70)	―	―
May 29, 2024	2024 (Q4)	0.67 / 0.42	0.97	-56.70% (-0.55)	―	―
Feb 08, 2024	2024 (Q3)	1.73 / 1.20	1.84	-34.78% (-0.64)	―	―
Nov 09, 2023	2024 (Q2)	1.52 / 1.13	1.79	-36.87% (-0.66)	―	―
Aug 10, 2023	2024 (Q1)	0.71 / 0.74	1.5	-50.67% (-0.76)	―	―

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
Aug 06, 2025	$18.20	$20.84	+14.51%
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%

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.