Capri Q4 Earnings Call Highlights

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MarketBeat

Wed, May 27, 2026 astatine 10:16 AM CDT 8 min read

Key Points

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Capri (NYSE:CPRI) reported a instrumentality to profitability successful its fiscal 4th fourth arsenic absorption said strategical efforts astatine Michael Kors and Jimmy Choo are opening to summation traction, portion the institution forecast gross maturation and sharply higher net successful fiscal 2027.

On the company’s net call, Chairman and Chief Executive Officer John Idol said Capri made “deliberate actions” during fiscal 2026 to fortify merchandise innovation, marque desirability, storytelling and user engagement crossed its 2 remaining luxury manner houses. The institution has classified Versace arsenic discontinued operations pursuing its sale, and absorption said the transaction strengthened Capri’s equilibrium expanse and fiscal flexibility.

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Fourth-quarter gross from continuing operations was $796 million, down 3.7% from a twelvemonth earlier connected a reported ground and down 7% successful changeless currency, according to Raj Mehta, Capri’s erstwhile interim main fiscal officer. Gross borderline expanded 490 ground points to 64.8%, including a $40 cardinal payment recorded arsenic a simplification to outgo of goods sold related to a refund receivable for IEEPA tariffs paid successful fiscal 2026.

Capri posted nett income of $27 million, oregon $0.22 per diluted share, compared with a nonaccomplishment successful the prior-year period. The institution besides repurchased $79 cardinal of shares during the quarter, which Idol said was earlier than initially anticipated due to the fact that of management’s assurance successful Capri’s aboriginal maturation and worth creation.

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