Capri Holdings Limited · NYSE:CPRI
Capri — Q4 2026 Earnings Presentation
15 slides from Capri's earnings presentation, May 27, 2026
Slide 1: 4Q Fiscal Year 2026 Earnings Presentation
4Q Fiscal Year 2026 Earnings Presentation May 27, 2026
Slide 2: Fourth Quarter Fiscal 2026 Highlights
FOURTH QUARTER FISCAL 2026 HIGHLIGHTS • Revenue decreased 3.7% (-7.0% constant currency), in line with expectations • Retail sales trends improved sequentially • Gross margin expanded to 64.8% • Adjusted EPS increased significantly to $0.22 • Repurchased $79M worth of shares • Inventory decreased 17
Slide 3: Fiscal Year 2026 Financial Accomplishments
FISCAL YEAR 2026 FINANCIAL ACCOMPLISHMENTS • Capri returned to profitability • Strategic initiatives gaining traction, driving higher full- price sell-thrus, AURs and gross margin improvement • Generated positive Free Cash Flow while continuing to invest in long-term growth of our luxury houses • Su
Slide 4: Fiscal Year 2027 Outlook
FISCAL YEAR 2027 OUTLOOK • Low single digit revenue growth • Strategic initiatives continuing to drive higher full-price sell-thrus and AURs • Gross margin expansion of ~200bps • Operating income growth ~60% • EPS growth ~40% • Share repurchases of ~ $200M Guidance is provided on an adjusted, non-GA
Slide 5: 4Q26 Financial Highlights (Michael Kors)
4Q26 FINANCIAL HIGHLIGHTS • Revenue decreased 5.5% (-8.4% constant currency), in-line with expectations • Full-price retail channel comparable sales increased, with growth across all regions • Total retail channel AURs +MSD • Wholesale sales at point of sale improved to approximately flat versus pri
Slide 6: FY26 Strategic Highlights (Michael Kors)
FY26 STRATEGIC HIGHLIGHTS • Strategic initiatives gaining traction • Modern Jet Set storytelling drove increased engagement, awareness and desirability, particularly with younger consumers • Compelling new fashion offerings drove higher full-price sell-thrus and AURs • Consumer database increased 8%
Slide 7: Beijing China World
Beijing China World
Slide 8: Beijing China World
Beijing China World ‘we 3 | 7 a
Slide 9: Beijing China World
Beijing China World
Slide 10: 4Q26 Financial Highlights (Jimmy Choo)
4Q26 FINANCIAL HIGHLIGHTS • Revenue increased 5.3% (flat in constant currency), above expectations • Retail sales +MSD, with sequential improvement across all regions • Sequential improvement in wholesale at point-of-sale • Gross margin of 65.7% • Operating margin of (14.3)% primarily impacted by FX
Slide 11: FY26 Strategic Highlights (Jimmy Choo)
FY26 STRATEGIC HIGHLIGHTS • Strategic initiatives gaining traction • Effortlessly alluring marketing strengthened brand desirability and deepened consumer engagement • Consumer database increased 7% year-over-year • Continued traction in accessories and casual footwear assortments attracting new and
Slide 12: Outlook
OUTLOOK 1Q27 FY27 Revenue ~$750M ~$3.525B Michael Kors ~$585M ~$2.9B Jimmy Choo ~$165M ~$625M Adjusted Operating Margin/Income ~$10M ~$190M Michael Kors Operating Margin ~HSD% ~LDD% Jimmy Choo Operating Margin ~LSD% ~LSD% Net Interest and Other Income ~$20M ~$85 - $90M Effective Tax Rate ~(50)% ~low
Slide 13: Non-GAAP Measures
NON-GAAP MEASURES This presentation includes certain non-GAAP financial measures. Constant currency effects are non-GAAP financial measures, which are provided to supplement our reported operating results to facilitate comparisons of our operating results and trends in our business, excluding the ef
Slide 14: Reconciliation of GAAP to Non-GAAP Financial Measures
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, except per share data) (1) Primarily relates to fixed asset costs expensed as incurred associated with the Company's Store Renovation Plan for certain stores considered strategic investments and are not capitalizable. (2) Relates to
Slide 15: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation contains statements which are, or may be deemed to be, "forward-looking statements." Forward-looking statements are prospective in nature and are not based on historical facts, but rather on current expectations and projections of the management of Capri about