Capri Holdings Q2FY27 Results: Op income up 55%, guidance raised

Adjusted EPS of $0.42 beat consensus by 100%, up from a loss of $(0.03). Revenue declined 5.49% YoY to $809 million but beat estimates by 3.58%. Operating income rose 55% YoY, driving significant profit turnaround. Company raised FY27 revenue and EPS guidance, expecting H2 growth. Jimmy Choo revenue grew 11.5%, while Michael Kors fell 8.6%.

Capri Holdings raises FY27 EPS guidance to $2.20, beats estimates

Capri Holdings raised FY27 GAAP EPS guidance to $2.20 from $2.15. New EPS guidance exceeds analyst estimate of $2.04. FY27 sales outlook increased to $3.42 billion from $3.40 billion. Revised sales guidance beats consensus expectation of $3.402 billion.

Capri Holdings appoints Catherine So as chief legal and sustainability officer

Capri Holdings appoints Catherine So as Chief Legal and Sustainability Officer. Effective date for the role is October 19, 2026. Ms. So joins from Tiffany & Co., where she was Senior Vice President and General Counsel. She reports to Chairman and CEO John D. Idol. Ms. So brings prior experience from Bank of America Merrill Lynch and Debevoise & Plimpton.

Capri Holdings Q1 Results: Revenue Falls 3.5%, FY27 Guidance Cut

Capri Holdings beat Q1 earnings estimates with adjusted EPS of $0.67 but cut FY27 revenue guidance to $3.4 billion due to Middle East conflict impacts and Michael Kors inventory shortages. Revenue fell 3.5% YoY to $769 million, while gross margin expanded to 65.0%. Jimmy Choo grew 10.5%, offsetting Michael Kors' 7% decline.

Barclays maintains Overweight on Capri Holdings, cuts target to $20

Barclays analyst Adrienne Yih has maintained an Overweight rating on Capri Holdings (NYSE: CPRI) but lowered the price target to $20 from $24. This follows a separate adjustment by Wells Fargo, where analyst Ike Boruchow reduced the price target to $16 from $20 while keeping an Equal-Weight rating. The differing ratings reflect varied perspectives on the company's valuation and performance potential within the luxury fashion sector.

Capri Holdings executives to join Bernstein Retail Forum fireside chat

Capri Holdings Limited executives John D. Idol and Tyler Reddien will participate in a fireside chat at the Bernstein Insights: 2nd Annual Retail Forum on July 8, 2026, in New York City. The event will be webcast live on the company's website, with an archived replay available afterward.