Capri Holdings raises FY27 adjusted EPS forecast to about $2.20
CPRI•Capri Holdings raised its fiscal 2027 revenue forecast to about $3.42 billion and adjusted diluted EPS forecast to about $2.20. It expects third-quarter revenue of about $1.01 billion and adjusted diluted EPS of about $0.95.
1. Updated fiscal outlook
Capri Holdings raised its fiscal 2027 guidance to revenue of about $3.42 billion, adjusted diluted earnings of about $2.20 per share and adjusted operating income of about $175 million. It forecast third-quarter revenue of about $1.01 billion and adjusted diluted earnings of about $0.95 per share, and expects revenue growth to resume in the second half, with Michael Kors returning to growth in the fourth quarter.
2. Second-quarter results
Second-quarter revenue fell 5.5%, exceeding expectations, while adjusted earnings were $0.42 per share, compared with a loss of $0.03 per share a year earlier.
