Capri (NYSE:CPRI) Releases Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Capri (NYSE:CPRI) released its quarterly earnings results on Wednesday. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.11 by $0.11, FiscalAI reports. The business had revenue of $796.00 million during the quarter, compared to analyst estimates of $800.04 million. Capri had a net margin of 3.94% and a return on equity of 664.22%. The company’s quarterly revenue was down 23.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($4.90) earnings per share. Capri updated its FY 2027 guidance to 2.150-2.150 EPS and its Q1 2027 guidance to 0.400-0.400 EPS.

Here are the key takeaways from Capri’s conference call:

• Capri said fiscal 2026 marked a turnaround, with the company returning to profitability and generating positive free cash flow, while also completing the sale of Versace to strengthen the balance sheet.
• Fourth-quarter revenue fell 3.7% to $796 million, but gross margin expanded sharply and EPS rose to $0.22, helped by stronger full-price sell-throughs, higher AURs, and a tariff refund benefit.
• Michael Kors showed improving consumer trends in full-price retail, with positive comparable sales in the quarter, better traffic, and early success from brand storytelling, product refreshes, and store renovations.
• Jimmy Choo returned to growth in the back half of fiscal 2026, and management said the brand is positioned to return to profitability in fiscal 2027 as accessories and casual footwear gain traction.
• For fiscal 2027, Capri guided to low single-digit revenue growth, about 200 basis points of gross margin expansion, roughly 60% operating income growth, and EPS of about $2.15, while continuing share repurchases and store investments.

Capri Price Performance

Shares of NYSE CPRI opened at $19.75 on Friday. Capri has a twelve month low of $16.22 and a twelve month high of $28.26. The company has a current ratio of 1.21, a quick ratio of 0.52 and a debt-to-equity ratio of 4.08. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 0.24 and a beta of 1.43. The firm has a 50-day moving average of $18.79 and a two-hundred day moving average of $21.52.

Insiders Place Their Bets

In other Capri news, CEO John D. Idol purchased 55,000 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was bought at an average cost of $17.98 per share, with a total value of $988,900.00. Following the acquisition, the chief executive officer owned 2,257,645 shares of the company’s stock, valued at $40,592,457.10. The trade was a 2.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Capri

Institutional investors and hedge funds have recently bought and sold shares of the business. Brooklyn Investment Group acquired a new stake in Capri in the 4th quarter valued at about $254,000. Natixis Advisors LLC acquired a new stake in Capri in the 4th quarter valued at about $258,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Capri by 8.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 11,126 shares of the company’s stock valued at $271,000 after acquiring an additional 880 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in Capri in the 3rd quarter valued at about $247,000. Finally, Creative Planning acquired a new stake in Capri in the 3rd quarter valued at about $313,000. 84.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CPRI has been the subject of several research analyst reports. Barclays reduced their price objective on shares of Capri from $32.00 to $24.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. BTIG Research reissued a “buy” rating and set a $30.00 target price on shares of Capri in a research note on Thursday. Bank of America lowered their target price on shares of Capri from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday. Wells Fargo & Company lowered their target price on shares of Capri from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, Robert W. Baird raised shares of Capri from a “neutral” rating to an “outperform” rating and set a $26.00 target price on the stock in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $24.79.

Key Headlines Impacting Capri

Here are the key news stories impacting Capri this week:

• Positive Sentiment: Capri beat Q4 earnings expectations with adjusted EPS of $0.22 versus $0.11 expected, and it guided FY2027 EPS to $2.15, above consensus. Capri Holdings Limited Announces Fourth Quarter and Full Year Fiscal 2026 Results
• Positive Sentiment: BTIG Research reaffirmed its Buy rating and set a $30 price target, implying substantial upside from current levels. BTIG reaffirms Buy rating on Capri
• Positive Sentiment: JPMorgan also kept an Overweight rating and lifted its target to $29, suggesting confidence in Capri’s recovery path. JPMorgan lowers but keeps Overweight rating on Capri
• Neutral Sentiment: Telsey Advisory Group and Bank of America both cut price targets, but neither changed to a bearish stance; BofA moved to Neutral and Telsey to Market Perform. Analyst target changes for Capri
• Neutral Sentiment: Capri’s revenue of $796 million missed estimates slightly and declined 23.1% year over year, highlighting that the turnaround is still in progress. Capri earnings report and conference call
• Negative Sentiment: The company’s outlook for first-quarter FY2027 revenue came in below Wall Street expectations, which could temper enthusiasm despite the EPS beat. Capri Holdings Limited Announces Fourth Quarter and Full Year Fiscal 2026 Results

Capri Company Profile

Capri Holdings Limited (NYSE: CPRI) is a global luxury fashion company that designs, markets and distributes a range of premium lifestyle products. The company’s principal brands—Michael Kors, Versace and Jimmy Choo—offer handbags, ready-to-wear apparel, footwear, watches, jewelry, fragrance and other accessories. Capri Holdings combines in-house design talent with international sourcing, manufacturing and retail operations to deliver collections that reflect each brand’s distinct heritage and aesthetic vision.

Formed in 2018 through the rebranding of Michael Kors Holdings following the acquisition of Versace, Capri has since integrated Jimmy Choo into its portfolio.