Flash FinanceUS
After hours S&P 5007,549.94+2.35% Nasdaq25,253.14+2.74% Dow 3052,389.75+2.15% Russell 20002,840.81+3.15% Nasdaq-10027,907.62+3.40% MidCap 4003,715.23+3.13% SmallCap 6001,722.37+2.89% VIX19.92-22.31% 10Y Yield4.86+0.10% Close of Nov 09, 2026
AI brief of an SEC Form 8-K · Capri Holdings Ltd (CPRI)

Capri Holdings Q1 revenue falls 3.5%; cuts fiscal 2027 revenue outlook to $3.4 billion

Mixed Impact 4 of 5 guidance Written later

Capri Holdings reported first quarter fiscal 2027 revenue of $769 million, down 3.5% from a year earlier, while diluted earnings per share rose to $0.60 from $0.47. The company cut its fiscal 2027 revenue outlook to approximately $3.4 billion, citing inventory delays at Michael Kors, softer EMEA trends and foreign currency headwinds, but kept its diluted EPS outlook at approximately $2.15.

Key points

  • Q1 fiscal 2027 revenue was $769 million, down 3.5% (down 4.1% in constant currency); diluted EPS was $0.60 versus $0.47, and adjusted diluted EPS was $0.67
  • Fiscal 2027 revenue outlook was lowered to approximately $3.4 billion, with cited impacts of $50 million from Michael Kors inventory delays, $50 million from EMEA and $35 million from currency
  • Fiscal 2027 diluted EPS outlook was maintained at approximately $2.15; second quarter revenue is expected at approximately $780 million and diluted EPS at approximately $0.20
  • Net debt was $224 million as of June 27, 2026, versus $1.5 billion a year earlier

The filing

CompanyCapri Holdings Ltd (CPRI)
Form8-K, current report
Filed with the SECAug 5, 2026, 6:49 AM ET
Accession number0001530721-26-000078

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.