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Jun 28, 2025
Capri Q1 2026 Earnings Report
Capri Holdings Limited announced its financial results for the first quarter of Fiscal 2026, with revenue and earnings per share exceeding expectations, driven by sequential improvements in trends.
Key Takeaways
Capri Holdings reported a 6.0% decrease in total revenue to $797 million for Q1 Fiscal 2026, but exceeded expectations for both revenue and earnings per share. The company achieved a net income of $56 million and adjusted EPS of $0.50, demonstrating progress in strategic initiatives despite a dynamic macroeconomic environment.
Total revenue decreased by 6.0% to $797 million, but exceeded expectations.
Diluted earnings per share were $0.47, with adjusted diluted earnings per share at $0.50, also exceeding expectations.
Operating margin improved to 2.0%, with adjusted operating margin at 2.5%.
The company is focused on stabilizing the business in fiscal 2026 and establishing a foundation for growth in fiscal 2027, with the Versace transaction expected to close in the second half of calendar year 2025.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Capri Holdings expects total revenue for Fiscal Year 2026 to be approximately $3.375 to $3.45 billion, with diluted earnings per share of approximately $1.20 to $1.40. For the second quarter of Fiscal 2026, total revenue is projected to be $815 to $835 million, with diluted earnings per share of $0.10 to $0.15.
Positive Outlook
- Expected stabilization of the business in fiscal 2026.
- Laying a solid foundation for a return to growth in fiscal 2027.
- Anticipated closure of the Versace transaction in the second half of calendar year 2025.
- Michael Kors expected to maintain operating margin in the high-single-digit range for FY26 and Q2 FY26.
- Positive operating margin expected for Capri Holdings in Q2 FY26.
Challenges Ahead
- Global macroeconomic environment remains dynamic.
- Guidance reflects incremental tariffs on imports from various regions.
- Potential for financial results to differ materially due to external events not reflected in guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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