Capri Holdings Limited (NYSE: CPRI) reported its Q1 FY2026 results with total revenues of $797 million, reflecting a 6% decrease year-over-year, while net income reached $56 million, with earnings per share (EPS) of $0.50. The results, although indicating a decline in revenue, showed signs of sequential improvement across both the retail and wholesale channels due to strategic initiatives that aim to revitalize brand engagement and product appeal. Management expressed optimism for a return to growth in FY2027, attributing improved performance to enhanced brand storytelling and reduced promotional cadence. A positive trend was noted in average unit retail (AUR), which turned positive for the first time in three years, suggesting a potential turnaround in consumer engagement and selling strategies within the luxury market.