Q1 2027 Capri Holdings Ltd Earnings Call Transcript

Aug 5, 2026 / 12:30 PM GMT

Release Date Price: €13.72 (-4.06%)

Transcript 10-Q8-K

Key Points

Positve

Capri Holdings Ltd (CPRI) exceeded its own expectations for first-quarter fiscal 2027, delivering revenue, operating income, and earnings per share above forecasts, with EPS up approximately 30% year-over-year.
The company's strategic focus on improving sales quality is yielding results, evidenced by higher full-price sell-throughs, growth in average unit retail (AUR), and a 200 basis point expansion in gross margin.
Jimmy Choo demonstrated strong momentum with revenue increasing 10.5% year-over-year, marking its third consecutive quarter of growth, driven by broad-based gains across channels, regions, and categories.
Capri Holdings Ltd (CPRI) maintained its full-year fiscal 2027 earnings per share outlook of approximately $2.15, representing 40% growth, by implementing $70 million in cost-saving measures to offset revenue headwinds.
The company's balance sheet remains strong, with net debt reduced to $224 million from approximately $1.5 billion last year, and it continues to return capital to shareholders through its share repurchase program.

Negative

Capri Holdings Ltd (CPRI) revised its full-year fiscal 2027 revenue outlook down to approximately $3.4 billion, citing lower-than-anticipated inventory levels at Michael Kors, softer trends in EMEA, and foreign currency headwinds.
Michael Kors' revenue declined 7% year-over-year in the first quarter, with global retail sales down high single-digits, impacted by strategic reductions in promotional activity and markdown inventory levels.
The company faces a significant near-term headwind in the second quarter due to delayed inventory receipts, primarily from port congestion in Asia, which is expected to reduce Michael Kors revenue by approximately $50 million.
EMEA trends are deteriorating, impacted by the ongoing conflict in the Middle East and reduced tourist traffic in Europe, leading to a more cautious outlook for the region for the remainder of the fiscal year.
The outlet channel at Michael Kors continues to experience sales declines, and the company is in the early stages of raising prices there, which carries the risk of losing some historical customers as it tests consumer acceptance.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CPRI.N - Capri Holdings Ltd
Q1 2027 Capri Holdings Ltd Earnings Call
Aug 05, 2026 / 12:30PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Greetings.

Welcome to the Capri Holdings Limited First Quarter Fiscal 2027 Financial Results Conference Call.

At this time, all participants are in listen-only mode.

A question-and-answer session will follow the formal presentation.

If anyone should require operator assistance during the conference, please press *0 on your telephone keypad.

Please note this conference is being recorded.

I will now turn the conference over to Jennifer Davis, Vice President of Investor Relations.

Thank you, Jennifer. You may begin.

--------------------------------------------------------------------------------
Unidentified_2 [2]
------------------------------------------

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.