Business
Capri Holdings Limited Announces Fourth Quarter and Full Year Fiscal 2026 Results
Capri Holdings Limited Announces Fourth Quarter and Full Year Fiscal 2026
About this update from Capri Holdings Limited
[{"type":"text","content":"\nCapri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced its financial results for the fourth quarter and full year Fiscal 2026 ended March 28, 2026.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260527231585/en/\nFourth Quarter Fiscal 2026 Highlights from Continuing Operations\n\nRevenue decreased 3.7% on a reported basis and 7.0% in constant currency\n\n\n\nOperating margin of (3.4)%; adjusted operating margin of (0.1)%\n\n\n\nLoss per share of $(0.01); adjusted earnings per share of $0.22\n\n\nJohn D. Idol, the Company’s Chairman and Chief Executive Officer, said, \"Looking at fiscal 2026 we were encouraged by the progress we made executing against the strategic initiatives introduced last year to maximize the full potential of our two iconic fashion luxury houses, Michael Kors and Jimmy Choo. Throughout the year, we took deliberate actions to strengthen product innovation, brand desirability and consumer engagement and we see clear evidence that these efforts are resonating with consumers. Early validation of our strategic initiatives and improving trends across both brands reinforce our confidence in their return to revenue and earnings growth.\"\n\n\nMr. Idol continued, \"A year ago, our priority was to stabilize the business and create a stronger foundation for growth. Today, we are building upon the improving trends resulting from the success of our strategic initiatives. In fiscal 2027 we expect to return to low single digit revenue growth and approximately 40% earnings per share growth. Longer term we expect to grow Michael Kors revenue to $4 billion and Jimmy Choo revenue to $800 million while significantly increasing profitability. With a strengthened foundation and clear strategic priorities, we are well positioned to accelerate growth, enhance profitability and deliver sustainable long‑term value for our shareholders.\"\n\n\nFourth Quarter Fiscal 2026 Results\nFinancial Results and non-GAAP Reconciliation\nThe Company’s results are reported in this press release in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) and on an adjusted, non-GAAP basis. A reconciliation of GAAP to non-GAAP financial information is provided at the end of this press release.\n\n\nAs previously disclosed,...