"We are beginning to see signs that our strategies are working... We are on track to stabilize our business this year while establishing a strong foundation for a return to growth in fiscal '27."
— John D. Idol
03Detailed Report
CPRI
Capri Holdings Limited
Period
Q1 2026
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedMay 21, 2026
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Executive Summary
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.
Key Performance Indicators
Revenue
Decreasing
797.00M
QoQ: -36.80% | YoY: -34.83%
Gross Profit
Decreasing
502.00M
62.99% margin
QoQ: -38.18% | YoY: -29.59%
Operating Income
Decreasing
16.00M
QoQ: 102.71% | YoY: -48.39%
Net Income
Increasing
56.00M
QoQ: 110.24% | YoY: 111.86%
EPS
Increasing
0.44
QoQ: 109.54% | YoY: 110.92%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue: $797M (down 6% YoY)
Net Income: $56M
EPS: $0.50 (up 111.9% YoY)
Gross Profit: $502M, Gross Margin: 63%
Operating Income: $16M, Operating Margin: 2.0%
Total Assets: $5.47B
Total Liabilities: $5.48B
Net Debt: $1.54B
Cash Position: $129M
Inventory: $779M (up 10.8% YoY)
Management indicated that gross margin remains stable, with an anticipated target range of 60.5% to 61% for the fiscal year, despite increased tariff impacts contributing to cost challenges. Expected revenue guidance for FY2026 is now between $3.375B and $3.45B, reflecting a bullish outlook driven by stronger-than-expected first-quarter performance.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
797.00M
-34.83%
-36.80%
Gross Profit
502.00M
-29.59%
-38.18%
Operating Income
16.00M
-48.39%
102.71%
Net Income
56.00M
111.86%
110.24%
EPS
0.44
110.92%
109.54%
Key Financial Ratios
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