The Bad Placeqwant news | Full Transcript: Capri Holdings Q4 2026 Earnings Call - Capri Holdings (NYSE:CPRI)
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Capri Holdings reported a 4 % decline in FY 2026 Q4 revenue to $796 million, but widened gross margin by 490 basis points to 64.8 % as it phased in strategic initiatives to boost brand desirability, storytelling and product innovation for Michael Kors and Jimmy Choo. Michael Kors saw a 5 % revenue drop but posted higher full‑price sell‑through, improved AURs and stronger consumer engagement, supported by store‑renovation programs and a data‑analytics‑driven customer experience; Jimmy Choo posted a 5 % revenue increase and is on track to return to profitability in FY 2027. The company expects low‑single‑digit revenue growth for FY 2027, a 200‑basis‑point gross‑margin expansion, a 60 % rise in operating income and a 40 % EPS increase, while repurchasing $79 million of shares in Q4 and planning $200 million more in FY 2027, financing further store renovations and brand‑building initiatives.
