10-K · May 27, 2026
Capri Holdings Limited reported its fiscal 2026 results with total revenue of $3.474 billion, a decrease of 4.1% from the prior year, and net income from continuing operations of $80 million compared to a loss of $526…
Earnings analysis · 10-Q
CPRI earnings analysis
Filed October 30, 2026 · Our reading of the company's report
The latest report
Capri delivered a strong second quarter, with $809 million of revenue and $0.42 adjusted EPS exceeding estimates of $780.8 million and $0.21, respectively. Gross margin was 63.3%, free cash flow was $36 million, and…
Read full summary
Capri delivered a strong second quarter, with $809 million of revenue and $0.42 adjusted EPS exceeding estimates of $780.8 million and $0.21, respectively. Gross margin was 63.3%, free cash flow was $36 million, and Jimmy Choo revenue grew 11.5%. Management raised Fiscal 2027 outlook to approximately $3.42 billion of revenue and $2.20 diluted EPS, although increased borrowings, foreign-exchange sensitivity and pending merger litigation remain notable risks. The filing states that there were no material changes to the risk factors disclosed in the Fiscal 2026 Form 10-K.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.42
- Gross margin
- 63.3%
- Segment
- Jimmy Choo revenue increased 11.5%; revenue amounts for the remaining segments were not disclosed in the provided filing extract.
What stood out
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Revenue and EPS beat estimates
Second-quarter revenue was $809 million, above the $780.8 million consensus estimate, while adjusted EPS was $0.42 versus the $0.21 estimate.
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Margins and cash flow improved
Gross margin was 63.3%, an improvement versus the prior-year period, and free cash flow was $36 million.
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Jimmy Choo delivered double-digit growth
Jimmy Choo revenue increased 11.5% year over year, making it the strongest disclosed segment growth contributor.
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Fiscal 2027 outlook raised
Management raised Fiscal 2027 outlook to approximately $3.42 billion of revenue and $2.20 diluted EPS, including approximately $175 million of operating income.
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Share repurchases continued
The company repurchased 10,305,342 shares under its public program during the quarter and had $721 million remaining under the authorization as of September 26, 2026.
What to watch
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Higher debt and interest-rate exposure
Borrowings under the 2026 Revolving Credit Facility were $440 million at September 26, 2026, up from $340 million under the 2025 Credit Facilities at March 28, 2026. Higher rates would increase interest expense on outstanding borrowings.
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Material foreign-exchange sensitivity
A 10% appreciation or devaluation of the U.S. dollar would change the fair value of net investment hedges by approximately $382 million for CHF exposure and $242 million for Euro exposure.
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Pending merger-related litigation
The terminated-merger securities litigation remains pending after plaintiffs filed a First Amended Complaint on April 30, 2026; Capri filed its motion to dismiss on June 15, 2026, and the company stated that an adverse outcome could result in substantial monetary damages.
Management's outlook
Fiscal 2027 outlook was raised to approximately $3.42 billion of revenue, $175 million of operating income and $2.20 diluted EPS. Third-quarter guidance is approximately $1.005 billion of revenue and $0.95 EPS; prior outlook figures were not disclosed.
Earlier filings 4
10-Q · August 8, 2024
Capri reported quarterly revenue of $1,067,000,000 (down $162,000,000 vs $1,229,000,000 a year ago) and a net loss attributable to Capri of $14,000,000 (diluted EPS $(0.11) vs $0.41 in the prior year). Operating loss…
10-Q · February 8, 2024
Capri reported quarterly revenue of $1,427.0M (down $85.0M vs prior-year quarter) and net income attributable to Capri of $105.0M, or $0.88 diluted. Gross profit was $928.0M (gross margin ~65.0%) while income from…
10-Q · February 8, 2023
Capri reported quarterly revenue of $1,512 million, down from $1,609 million in the prior-year quarter, with income from operations declining to $236 million from $331 million. Gross profit held at $1,005 million…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.