Capri Holdings Q4 EPS Beats, Guides Fiscal 2027 EPS Above $2.15
CPRI•Capri Holdings posted Q4 adjusted EPS of $0.22 versus $0.11 forecast on $796 million in revenue, down 3.7% year-over-year and aided by a $40 million tariff refund that lifted gross margin to 64.8%. The company forecasts fiscal 2027 EPS of ~$2.15 and revenue of ~$3.525 billion, beating estimates.
1. Fourth-Quarter Performance
Capri Holdings delivered Q4 adjusted EPS of $0.22, surpassing the $0.11 consensus, on revenues of $796 million, down 3.7% year-over-year and 7% lower on a constant-currency basis.
2. Tariff Refund Impact
A $40 million refund on previously paid tariffs under IEEPA reduced cost of goods sold and lifted gross margin to 64.8% from 59.9% a year earlier.
3. Brand Segment Highlights
Michael Kors revenue declined 5.5% to $656 million, while Jimmy Choo sales rose 5.3% to $140 million. Net inventory decreased 17% to $581 million and free cash flow reached $134 million for the fiscal year.
4. Fiscal 2027 Outlook
The company projects fiscal 2027 adjusted EPS of approximately $2.15, above the $1.87 consensus, and revenue of around $3.525 billion, with first-quarter EPS of $0.40 and revenue of $750 million expected.
