Capri Holdings reported adjusted earnings of 22 cents per share for the fourth quarter of fiscal 2026, surpassing the Zacks Consensus Estimate of 11 cents and improving significantly from an adjusted loss of $4.55 per share a year ago. Total revenues came in at $796 million, missing the consensus estimate of $804 million and declining 3.7% year over year on a reported basis. Management highlighted that strategic initiatives are gaining traction, with improving trends across Michael Kors and Jimmy Choo, and expressed confidence in returning to revenue and earnings growth in fiscal 2027, projecting low-single-digit revenue growth and nearly 40% earnings-per-share growth. For the first quarter of fiscal 2027, the company expects total revenues of approximately $750 million and earnings per share of about 40 cents. Capri Holdings also resumed share repurchases, buying back approximately 4 million shares for $79 million in the quarter.
Capri Holdings LtdBeat Q4 earnings estimates and guided strong FY27 growth, plus resumed share repurchases.