Investors in Capri Holdings Limited (CPRI - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Aug. 21, 2026 $7.5 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?Clearly, options traders are pricing in a big move for Capri Holdings shares, but what is the fundamental picture for the company? Currently, Capri Holdings is a Zacks Rank #3 (Hold) in the Retail - Apparel and Shoes industry that ranks in the Top 21% of our Zacks Industry Rank. Over the last 60 days, three analysts have increased their earnings estimates for the to-be-reported quarter, while one has dropped the estimates. The net effect has taken our Zacks Consensus Estimate for the to-be-reported quarter from 39 cents per share to 44 cents in that period.
Given the way analysts feel about Capri Holdings right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
Capri's Turnaround Is Taking Shape, But Is the Stock a Buy Yet?Capri NYSE: CPRI executives said the company is entering a more focused phase after the sale of Versace, with management emphasizing growth plans for Michael Kors and Jimmy Choo, store renovations, tighter product assortments and a stronger balance sheet.
Speaking at Bernstein’s Retail Forum in New York, Capri Chief Executive Officer John Idol and Chief Financial Officer Tyler Reddien outlined the company’s efforts to reposition Michael Kors, expand Jimmy Choo and return the business to growth. The discussion was hosted by Bernstein analyst Aneesha Sherman.
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Tapestry Stock Drops After Strong Quarter and Raised OutlookIdol said Capri ended the year with “a little over $200 million in debt,” giving the company flexibility to invest in its remaining two brands. He said management believes Michael Kors can return to approximately $4 billion in revenue from an estimated $2.93 billion this year, while Jimmy Choo can grow to $800 million from roughly $600 million.
Michael Kors Repositioning Remains in Early Stages Idol said Capri decided to take a “more modern lens” to Michael Kors in an effort to attract younger consumers, including Gen Z and parts of the millennial cohort. The company has leaned into the “Jet Set” concept, which Idol described as a mindset tied to travel, style and aspiration.
After a Huge Rally, Is There Any Upside Left for Ralph Lauren Stock? The company has also shifted its marketing strategy through “hotel stories” campaigns, including Ibiza, Rome and Saint-Tropez, while increasing its use of social media. Idol said Michael Kors now has more than 400 influencers working with the brand.
On product, Idol said Michael Kors has narrowed its full-price focus around three handbag icons: Nolita, Hamilton and Laila. Those groups now represent about 50% to 60% of full-price sales, he said. The company has reduced SKUs, sharpened storytelling and introduced more accessories priced under $200 to appeal to younger shoppers.
Idol said Michael Kors had raised prices by 20% to 25% coming out of COVID, which contributed to lower sell-throughs and higher markdowns. The brand has since moved closer to its historical pricing in the full-price channel, which he said has improved full-price sell-throughs and average unit retails because the company is taking fewer markdowns.
“We’re still in the very early innings,” Idol said of the repositioning, adding that the full-price channel comped positive in the most recent quarter. He said wholesale, which had lagged full-price stores, also showed an “incredible lift” last quarter and is showing similar trends this quarter.
Outlet Business and Back-Half Growth Idol said the outlet business has been the weaker part of Michael Kors because it had not received enough new product innovation. New outlet product begins arriving more broadly in August, including three new icon groups, one of which, Sammy, has already landed and is “fast becoming the best-selling group inside the stores,” he said.
Capri has also reduced promotional activity and third-party sales as part of what Idol called “quality of sales initiatives.” He said the company walked away from about $150 million in sales tied to those initiatives, which management believes is better for the long-term health of the brand.
Reddien said unit growth is expected to decline in fiscal 2027 due to the quality-of-sales initiative, but he expects the company to return to unit growth in fiscal 2028 and beyond as new products resonate with customers.
Idol said the company expects growth in the back half of the fiscal year as the impact of quality-of-sales initiatives diminishes after being anniversaried in October and November. He also cited new product flow in handbags and footwear, higher marketing spend and social media initiatives as factors supporting the outlook.
Jimmy Choo Gains Momentum in Accessories Idol said Jimmy Choo is already back to growth and is seeing strong momentum, especially in accessories. He said accessories are growing at a double-digit rate and described the category as “the hottest part of Jimmy Choo right now.”
The brand is selling products across a broad price architecture, including $5,000 Bonbon bags, the Cinch group priced between $2,000 and $2,500, and newer Bar and Curve groups priced under $1,500. Idol said the broader range has helped as luxury consumers become more selective.
Jimmy Choo is also expanding beyond its traditional image as a red carpet, wedding and special-occasion brand. Idol pointed to casual footwear, sneakers, jellies, loafers, kitten heels and block heels as areas that are resonating with younger consumers. He said casual footwear now accounts for more than 20% of Jimmy Choo’s business, with room to grow.
Reddien said Capri expects Jimmy Choo to return to profitability in fiscal 2027 and sees opportunities to expand margins through top-line growth, store productivity, gross margin improvement and SG&A leverage. He noted that about 50% of Jimmy Choo production is done in-house, creating opportunities to improve factory efficiency.
Margins, Stores and Capital Allocation Reddien said gross margin expansion remains the largest opportunity for Michael Kors, driven by new products, higher full-price sell-throughs and higher average unit retails. He also cited production efficiencies, product engineering, improved store productivity and SG&A optimization as contributors to margin improvement.
Management also emphasized store renovations. Idol said the renovated Michael Kors store at Rockefeller Center is up almost 30% in sales. At Jimmy Choo, he said the renovated Madison Avenue store increased from $2.5 million to almost $6 million in trend over about 18 months.
Reddien said Capri’s capital allocation priorities are to invest in the business and return value to shareholders. The company has announced a $1 billion share repurchase program, with a significant portion expected to be completed this fiscal year. Idol added that Capri plans to spend $300 million, with most of that directed toward renovating the Michael Kors fleet, along with investments in IT and other areas.
Consumer Outlook Mixed by Region Idol described consumers as “choiceful,” saying shoppers across income levels are being more thoughtful but are still buying when products offer design, quality and value. He said the North American consumer remains relatively healthy, despite pressures from higher costs for fuel, groceries and rent.
In Europe, Idol said Capri has become more cautious over the past 90 days, citing war-related effects on tourism and reduced Middle East tourist traffic. He said the company has substantial business with Middle East tourists at both Michael Kors and Jimmy Choo. Idol was more optimistic about China, where he said the consumer is beginning to improve, and said Japan has remained solid.
Looking ahead, Idol said Capri is at “the beginning of an inflection” for Michael Kors, though the turnaround will take time. He also said Jimmy Choo has the potential to reach $800 million in revenue, with $100 million of that growth expected to come from accessories.
About Capri NYSE: CPRICapri Holdings Limited NYSE: CPRI is a global luxury fashion company that designs, markets and distributes a range of premium lifestyle products. The company's principal brands—Michael Kors, Versace and Jimmy Choo—offer handbags, ready-to-wear apparel, footwear, watches, jewelry, fragrance and other accessories. Capri Holdings combines in-house design talent with international sourcing, manufacturing and retail operations to deliver collections that reflect each brand's distinct heritage and aesthetic vision.
Formed in 2018 through the rebranding of Michael Kors Holdings following the acquisition of Versace, Capri has since integrated Jimmy Choo into its portfolio.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
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Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
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Stock to Watch: Capri Holdings (CPRI - Free Report) Capri Holdings Limited operates in the global personal luxury goods industry through two fashion luxury houses: Michael Kors and Jimmy Choo. The company designs, markets and distributes luxury accessories, footwear and apparel through retail stores, e-commerce sites, and wholesale partners, supported by product and geographic licensing agreements. The company sells across three principal geographic markets: the Americas, EMEA and Asia. E-commerce represented approximately 21% of net revenues in fiscal 2026.
CPRI is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 8.96; value investors should take notice.
For fiscal 2027, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.27 to $2.07 per share. CPRI boasts an average earnings surprise of +66.8%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, CPRI should be on investors' short list.
LONDON--(BUSINESS WIRE)--Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced that John D. Idol, Chairman and Chief Executive Officer, and Tyler Reddien, Chief Financial and Chief Operating Officer, will be participating in a fireside chat at Bernstein Insights: 2nd Annual Retail Forum, held at Bernstein’s Office in New York City, on Wednesday, July 8, 2026, at 9:40 AM Eastern Time.
The event will be webcast live on the Company's Investor Relations website, www.capriholdings.com. An archived replay will be available following the conclusion of the live event.
About Capri Holdings Limited
Capri Holdings is a global fashion luxury group consisting of iconic brands Michael Kors and Jimmy Choo. Our commitment to creativity, fashion, style and craftsmanship is at the heart of each of our luxury brands. We have built our reputation on designing exceptional, innovative products that cover the full spectrum of fashion luxury categories. Our strength lies in the unique DNA and heritage of each of our brands, the diversity and passion of our people and our dedication to the clients and communities we serve. Our designs inspire consumers to embrace the feeling of luxury in every moment. Capri Holdings Limited is publicly listed on the New York Stock Exchange under the ticker CPRI.
Shares of Capri Holdings Ltd. NYSE: CPRI have lost 65% of their value over the past five years, weighed down by a failed merger, weakening luxury demand, and declining sales across its brands.
But with the recent sale of its Versace brand, improving profitability, and the company forecasting a return to growth, there are signs the turnaround may be gaining traction.
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Tapestry Deal Collapse Sent Shares TumblingMuch of Capri's struggles over the last several years can be traced to its failed merger with Tapestry Inc. NYSE: TPR.
Capri Today
$19.34 +0.48 (+2.54%)
As of 06/26/2026 03:59 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$16.72▼
$28.26P/E Ratio16.96
Price Target$24.79
In August 2023, Tapestry agreed to acquire Capri for $57 per share in a deal valued at approximately $8.5 billion. The announcement sent Capri shares soaring more than 55% in a single session, pushing the stock to nearly $54.
The excitement was short-lived. As regulatory scrutiny intensified, Capri shares drifted lower. When a federal judge blocked the merger on antitrust grounds in October 2024, the stock plunged nearly 50% to around $21.
Currently, Capri shares are trading at around $19, down roughly 64% from their post-announcement highs and about 9% below their level immediately after the merger was terminated. The stock has remained under pressure since the deal collapsed, as the company has continued to navigate headwinds from a challenging luxury-spending environment and tariffs.
Capri's Turnaround Begins to Take ShapeAs part of a broader turnaround effort, Capri announced plans in April 2025 to sell its Versace brand to Prada S.p.A. OTCMKTS: PRDSY. The $1.375 billion cash transaction, which closed in December, was intended to streamline the business, reduce debt, and allow Capri to focus on its two remaining brands, Michael Kors and Jimmy Choo.
The company's latest fiscal 2026 fourth-quarter earnings report suggests those efforts may already be paying off. For the quarter, Capri returned to profitability, reporting earnings of 22 cents per share, a sharp improvement from a loss of $4.90 per share a year earlier and 11 cents ahead of analyst expectations. Revenue from continuing operations, which excludes the divested Versace business, totaled $796 million, down 3.7% year over year and roughly $4 million shy of Wall Street estimates. The company also repurchased $79 million worth of shares during the quarter.
While revenue remained under pressure, Chief Executive John Idol said on the earnings call that the company was encouraged by the progress it made executing strategic initiatives aimed at strengthening the Michael Kors and Jimmy Choo brands.
New fashion offerings, he said, have driven higher full-price sell-throughs and average unit retails, while improved brand storytelling has helped deepen consumer engagement and attract new customers.
Idol also emphasized the company's stronger balance sheet following the Versace sale. With debt reduced and cash flow improving, he said Capri has the financial flexibility to invest roughly $300 million in store renovations, primarily at Michael Kors, while continuing its share repurchase program and other growth initiatives.
Company Forecasts a Return to GrowthCapri's fiscal 2027 guidance points to a meaningful improvement in the company's financial performance. The company expects revenue growth to return to the low-single-digit range, while gross margins expand by approximately 200 basis points, and operating income increases by roughly 60%. Earnings per share are projected to rise 40% year over year to $2.15.
The outlook also assumes $200 million of share repurchases during the year. Capri expects profitability to improve across both brands, with Michael Kors generating operating margins in the low double-digit range and Jimmy Choo returning to profitability with operating margins in the low single digits.
Longer term, Idol said the company expects to grow Michael Kors revenue to $4 billion and Jimmy Choo revenue to $800 million while significantly increasing profitability.
Wall Street Remains Cautiously OptimisticSome on Wall Street appear to be taking a wait-and-see approach to Capri's turnaround story. The stock currently carries a consensus Hold rating, with eight Hold ratings, one Sell, six Buys, and one Strong Buy.
Overall MarketRank™98th Percentile
Analyst RatingHold
Upside/Downside28.2% Upside
Short Interest LevelHealthy
Dividend StrengthN/A
News Sentiment0.27 Insider TradingSelling Shares
Proj. Earnings Growth20.29%
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Several analysts lowered their price targets following the company's latest earnings report. Even so, the average 12-month price target stands at $24.79, implying roughly 30% upside from current levels. Notably, every analyst price target remains above the current share price, with targets ranging from $20 to $32.
A recent decline in short interest is also an encouraging sign. The percentage of float sold short has fallen to 8% at the end of May, down from 10.6% at the end of March.
Capri's prolonged share-price decline has left the stock trading at a discount to both the broader retail sector and some of its competitors. The company currently trades at just 0.6X sales, well below the retail industry's average price-to-sales ratio of 1.08. Capri also trades at a substantial discount to Tapestry and Ralph Lauren Corp. NYSE: RL, which command price-to-sales multiples of 4.3 and 3.0, respectively. The valuation is not the lowest in the group, however, as PVH Corp. NYSE: PVH trades at 0.4X sales.
Capri's turnaround is still in its early stages, and investors will likely want to see further evidence that improving trends at Michael Kors and Jimmy Choo can be sustained. However, recent results suggest the company is on firmer footing than a year ago and moving in the right direction, making the stock worth a closer look for investors willing to bet on the recovery.
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A month has gone by since the last earnings report for Capri Holdings (CPRI - Free Report) . Shares have lost about 4.5% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Capri Holdings due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
Capri Holdings Beats Q4 Earnings Estimates, Sees FY27 Growth AheadCapri Holdings delivered fourth-quarter fiscal 2026 results, with revenues missing the Zacks Consensus Estimate and declining year over year. However, earnings surpassed the consensus estimate and improved significantly from the prior-year quarter.
Management highlighted that strategic initiatives introduced last year are gaining traction, with improving trends visible across both Michael Kors and Jimmy Choo. The company noted that actions taken to strengthen product innovation, brand desirability and consumer engagement are resonating well with consumers, providing early validation of its transformation efforts. Capri Holdings also emphasized that fiscal 2026 was focused on stabilizing the business and building a stronger foundation for long-term growth.
Looking ahead, management 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. Longer term, the company aims to grow Michael Kors revenues to $4 billion and Jimmy Choo revenues to $800 million while significantly improving profitability and delivering sustainable long-term shareholder value.
More on Capri Holdings’ Q4 ResultsCapri Holdings reported adjusted earnings of 22 cents per share for the fourth quarter, which surpassed the Zacks Consensus Estimate of 11 cents. The bottom line improved significantly from an adjusted loss of $4.55 per share reported in the year-ago period. On a reported basis, the company posted a loss of one cent per share compared with a loss of $4.90 in the prior-year quarter.
Total revenues came in at $796 million, missing the Zacks Consensus Estimate of $804 million. The top line declined 3.7% year over year on a reported basis and 7% on a constant-currency basis.
By geography, The Americas remained the largest region but was also the main drag, with revenues of $433 million compared with $493 million in the year-ago quarter. EMEA improved to $246 million from $223 million, while Asia edged up to $117 million from $111 million, partially offsetting softness in the Americas.
Gross profit increased to $516 million from $495 million in the year-ago quarter. Gross margin expanded 490 basis points to 64.8%, aided by a $40 million reduction in the cost of goods sold tied to estimated IEEPA tariff refunds.
Operating loss narrowed to $27 million from $57 million a year ago. On an adjusted basis, operating loss improved to $1 million from $15 million in the prior-year quarter, with adjusted operating margin improving to negative 0.1% from negative 1.8% a year ago.
CPRI’s Q4 Revenue Insights by SegmentsMichael Kors generated revenues of $656 million, down 5.5% year over year on a reported basis and 8.4% on a constant-currency basis. The brand experienced sequential improvement in retail trends, with full-price retail channel comparable sales increasing across all regions. Total retail channel average unit retails (AURs) increased by a mid-single-digit percentage, while wholesale sales at the point of sale improved to approximately flat compared with the prior year.
Gross margin expanded to 64.6%, benefiting from an estimated receivable related to IEEPA tariff refunds. Operating income increased to $57 million from $32 million a year ago, while operating margin expanded to 8.7% from 4.6% in the prior-year quarter.
Jimmy Choo delivered a solid performance, with revenues increasing 5.3% year over year to $140 million on a reported basis and remaining flat on a constant-currency basis. Retail sales increased by a mid-single-digit percentage, with sequential improvement across all regions, while wholesale point-of-sale trends also improved sequentially. Gross margin came in at 65.7%. However, the brand reported an operating loss of $20 million compared with an operating loss of $10 million in the prior-year quarter.
Capri Holdings’ Financial Health SnapshotCapri Holdings exited fiscal 2026 with cash and cash equivalents of $135 million and total borrowings of $357 million, resulting in net debt of $222 million, a significant improvement from $1.4 billion in the prior year. Operating cash flow for fiscal 2026 totaled $197 million, while capital expenditures were $63 million, leading to free cash flow of $134 million. Inventory levels declined 17% year over year to $581 million, reflecting improved inventory discipline and operational efficiency.
Capri Holdings resumed a more aggressive capital return stance in the quarter, repurchasing approximately 4 million shares for $79 million. The remaining authorization under the share repurchase program was $921 million at the end of the fourth quarter.
Capri Holdings’ Q1 OutlookFor the first quarter of fiscal 2027, Capri Holdings expects total revenues of approximately $750 million and operating income of around $10 million. Net interest and other income are projected at roughly $20 million, while the effective tax rate is expected to be approximately negative 50%. The company anticipates earnings per share of about 40 cents.
Within the segments, Michael Kors revenues are projected at approximately $585 million, with the operating margin expected in the high-single-digit range. Jimmy Choo revenues are anticipated to be approximately $165 million, with the operating margin in the low-single-digit range.
CPRI’s FY27 GuidanceFor fiscal 2027, Capri Holdings expects total revenues of approximately $3.525 billion, representing growth of nearly 1.5% from fiscal 2026 revenues of $3.474 billion. The company projects operating income of around $190 million compared with $23 million reported in fiscal 2026. Net interest and other income are projected in the range of $85-$90 million, while the effective tax rate is expected to be in the low-teens range. The company anticipates earnings per share of about $2.15. Capri Holdings also plans share repurchases of nearly $200 million and capital expenditures of approximately $125 million during the fiscal year.
For Michael Kors, fiscal 2027 revenues are expected to be approximately $2.9 billion, with the operating margin projected in the low-double-digit range. Jimmy Choo revenues are anticipated to be approximately $625 million, with the operating margin in the low-single-digit range.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in estimates review.
The consensus estimate has shifted 20% due to these changes.
VGM ScoresCurrently, Capri Holdings has a nice Growth Score of B, however its Momentum Score is doing a bit better with an A. Charting a somewhat similar path, the stock has a grade of B on the value side, putting it in the second quintile for value investors.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Interestingly, Capri Holdings has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
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Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
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How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
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With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Capri Holdings (CPRI - Free Report) Capri Holdings Limited operates in the global personal luxury goods industry through two fashion luxury houses: Michael Kors and Jimmy Choo. The company designs, markets and distributes luxury accessories, footwear and apparel through retail stores, e-commerce sites, and wholesale partners, supported by product and geographic licensing agreements. The company sells across three principal geographic markets: the Americas, EMEA and Asia. E-commerce represented approximately 21% of net revenues in fiscal 2026.
CPRI is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Retail-Wholesale stock. CPRI has a Momentum Style Score of A, and shares are up 5.3% over the past four weeks.
Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2027, while the Zacks Consensus Estimate has increased $0.20 to $2.01 per share. CPRI also boasts an average earnings surprise of +66.8%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, CPRI should be on investors' short list.
Capri Holdings is now a streamlined two-brand company post-Versace sale, with reduced net debt and a significant buyback authorization. CPRI's investment thesis hinges on Michael Kors stabilizing, Jimmy Choo achieving profitability, and management executing on FY2027 guidance for EPS and free cash flow. At $21.33 per share, CPRI trades at ~9.9x FY2027 guided EPS; successful execution could drive shares to $35–$38 within two years, offering 64%–78% upside.
Board of Directors member Stephen F. Reitman disclosed the sale of 17,981 shares of Capri Holdings Limited (CPRI +2.30%) in an open-market transaction on June 8, 2026, for total proceeds of approximately ~$349K, according to an SEC Form 4 filing.
Transaction summaryMetricValueShares sold (direct)17,981Transaction value~$349,000Post-transaction shares (direct)0Transaction value based on SEC Form 4 weighted average reported price ($19.42); post-transaction value is $0.00 since no shares were held after June 8, 2026.
Key questionsWhat does this sale indicate about Stephen Reitman's ownership position in Capri Holdings Limited?
This transaction reduced Reitman's direct and total ordinary share holdings to zero, marking a complete disposition of his equity position as of June 8, 2026.Was there any participation from indirect entities or derivative securities in this transaction?
No; the transaction involved only directly-held shares, with no reported activity from trusts, family entities, or stock options. Post-sale, Reitman held no direct or indirect interests.How does this sale compare to Reitman's historical trading activity?
This is the only open-market sale Reitman has made in the past three years, following a cadence of only administrative filings since August 2023.How did market conditions compare to the transaction price?
The shares were sold at a weighted average price around $19.42 per share, which was approximately 9.8% below the price of $21.33 as of June 12, 2026, and occurred after a one-year total return of 19.56% for the stock.Company overviewMetricValueEmployees10,200Revenue (TTM)$3.47 billionNet income (TTM)$137.00 million1-year price change19.56%Note: 1-year price change calculated using June 8th, 2026 as the reference date.
Company snapshotCapri Holdings offers luxury apparel, footwear, handbags, accessories, eyewear, watches, jewelry, fragrances, and home furnishings under the Jimmy Choo and Michael Kors brands.It generates revenue through a combination of direct-to-consumer retail, wholesale distribution, e-commerce, and global licensing agreements.The company targets affluent consumers and fashion-conscious clientele across North America, Europe, Asia, and other international markets.Capri Holdings Limited is a global luxury fashion group with a diversified brand portfolio and a broad international footprint.
The company leverages multi-channel distribution and licensing to maximize brand reach and capture value across multiple consumer segments. Its strategic focus on iconic brands and diversified revenue streams supports its competitive position in the global luxury goods sector.
What this transaction means for investorsThe June 8 sale of Capri Holdings stock by Board of Directors member Stephen Reitman is noteworthy, since it marks a complete liquidation of his holdings in the company. Even so, investors seemed unfazed as Capri shares rose after the transaction.
The Board member’s exit came at an interesting time for Capri. The company has struggled to generate sales, and in 2025, sold its flagging Versace brand. Revenue in Capri’s 2026 fiscal year ended March 28 was $3.5 billion, a decline from the prior year’s $3.6 billion.
On the bright side, the sale of Versace helped Capri achieve net income of $138 million. This is a significant turnaround from the $1.2 billion net loss suffered in its 2025 fiscal year.
Capri forecasted $3.5 billion in sales for its 2027 fiscal year, which signals an end to declining revenue if it can achieve this goal. However, Reitman’s exit from the stock does not bolster my confidence in the company’s ability to rebound from its current struggles.
Robert Izquierdo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Capri Holdings is rated a 'buy' as its turnaround gains traction, with the Versace sale stabilizing the balance sheet and debt now manageable. Jimmy Choo demonstrates sustained growth and margin strength, while Michael Kors remains challenged by entrenched brand perception and structural decline. Management's strategy focuses on store renovations, disciplined pricing, and targeting younger consumers, aiming for margin recovery from 6.6% to 10% EBITDA.
LONDON--(BUSINESS WIRE)--Capri Holdings Limited (NYSE: CPRI) today announced that it plans to report its fourth quarter and fiscal year 2026 financial results on Wednesday, May 27, 2026, at approximately 6:45 a.m. ET. The Company also plans to hold a conference call to discuss its financial results the same day at 8:30 a.m. ET. Those who wish to participate in the call may do so by dialing (877) 704-4453 or (201) 389-0920 for international callers, conference ID 13756114. A live webcast of the.
As the quarterly earnings season gathers pace, investor focus is turning toward the apparel space, where companies are showing resilience despite cautious discretionary spending, tariff-related cost pressures and fast-changing fashion preferences. Consumers remain selective, but demand has held up for brands offering compelling assortments, strong value propositions and differentiated customer engagement.
Per the latest Zacks Earnings Outlook, the Retail – Wholesale sector (which houses Retail – Apparel and Shoes stocks) is likely to witness bottom-line growth of 2% this earnings season, with revenues expected to increase 7.9%.
Key Apparel Trends This Earnings SeasonThis earnings season, several apparel players are benefiting from improved product acceptance, disciplined inventory management and lower promotional activity. Many companies have been driving higher full-price selling, refining pricing architectures and strengthening brand relevance through targeted marketing, social media engagement and product innovation. These efforts are helping support merchandise margins and improve overall business quality despite industry-wide cost pressures.
Tariffs and sourcing-related expenses remain key watchpoints. Companies with diversified sourcing strategies, selective pricing actions and tighter expense controls appear better positioned to protect profitability. At the same time, supply-chain efficiencies, better inventory alignment and reduced markdown dependency are helping stabilize margin trends heading into earnings.
Another encouraging trend is the growing emphasis on customer engagement and category expansion. Apparel retailers are increasingly leveraging loyalty programs, digital capabilities, influencer marketing and localized assortments to deepen customer relationships and drive traffic. Several players are also pursuing opportunities in adjacent categories, international markets and newer customer cohorts, particularly younger shoppers seeking trend-right products at accessible price points.
Although macroeconomic uncertainty and uneven consumer demand continue to create volatility, operational discipline and sharper execution are emerging as important differentiators. Companies balancing innovation, inventory control and margin management may be better positioned to outperform expectations this season.
Finding the Right StocksIdentifying likely earnings outperformers is not easy, but our proprietary methodology helps narrow the field. With the help of the Zacks Stock Screener, we have picked a few apparel stocks that appear well-positioned to surpass the Zacks Consensus Estimate this earnings season.
Our research shows that for stocks with the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), the chance of an earnings surprise is as high as 70%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
3 Stocks Primed for Earnings BeatFIGS, Inc. (FIGS - Free Report) enters the earnings season with strong customer momentum, international growth and improving execution. Strength in scrub wear, layering systems and emerging categories such as outerwear, compression socks and loungewear is supporting growth. FIGS is also benefiting from effective marketing and rising brand engagement. Disciplined inventory management, fulfillment efficiencies and reduced promotions are aiding profitability despite tariff pressure.
FIGS, Inc. Price, Consensus and EPS SurpriseWith product innovation, community hubs and deeper healthcare-professional engagement, FIGS appears well-positioned heading into earnings. The company currently has an Earnings ESP of +100.00% and a Zacks Rank #1. The Zacks Consensus Estimate for first-quarter fiscal 2026 earnings per share (EPS) has remained unchanged at 1 cent in the past 30 days. FIGS has a trailing four-quarter earnings surprise of 187.5%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Gap, Inc. (GAP - Free Report) appears well-positioned heading into earnings, backed by sustained brand momentum, disciplined execution and healthier merchandise productivity. The company delivered its eighth straight quarter of positive comparable sales in the fourth quarter of fiscal 2025, led by strength across Gap, Old Navy and Banana Republic. Management highlighted traction from product innovation, culturally relevant marketing and reduced discounting, which supported higher average unit retails and solid margin trends.
Gap brand continues to benefit from Gen Z engagement, denim gains and improved store formats, while Old Navy remains strong in activewear, denim and kids. Cost discipline, sourcing actions and inventory control further support profitability, making GAP favorably placed this earnings season. Gap currently has an Earnings ESP of +25.11% and a Zacks Rank #3. The Zacks Consensus Estimate for first-quarter fiscal 2026 EPS has risen by 2 cents to 39 cents in the past 30 days. GAP has a trailing four-quarter earnings surprise of 6.6%, on average.
Capri Holdings Limited (CPRI - Free Report) looks well-placed as turnaround efforts at Michael Kors and Jimmy Choo gain traction. On its third-quarter fiscal 2026 earnings call, management cited sequential improvement in retail trends, stronger full-price sell-throughs and lower promotional activity, which supported underlying gross margin expansion despite tariff pressure. Michael Kors is benefiting from refreshed assortments, improved pricing architecture and better response to newer styles, while Jimmy Choo is seeing momentum in accessories and casual footwear.
Elevated marketing, influencer engagement and store renovations are also strengthening brand desirability. With better execution, a healthier sales mix and disciplined cost control, CPRI appears positioned for a solid earnings show. Capri Holdings currently has an Earnings ESP of +20.37% and a Zacks Rank #3. The Zacks Consensus Estimate for fourth-quarter fiscal 2026 EPS has remained unchanged at 11 cents in the past 30 days. CPRI delivered an earnings surprise of 3.85% in the last reported quarter.
The upcoming report from Capri Holdings (CPRI - Free Report) is expected to reveal quarterly earnings of $0.11 per share, indicating an increase of 102.2% compared to the year-ago period. Analysts forecast revenues of $803.66 million, representing a decline of 22.4% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 3.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific Capri Holdings metrics that are commonly monitored and projected by Wall Street analysts.
The consensus estimate for 'Revenue- Jimmy Choo' stands at $137.84 million. The estimate indicates a change of +3.6% from the prior-year quarter.
It is projected by analysts that the 'Revenue- Michael Kors' will reach $665.82 million. The estimate suggests a change of -4.1% year over year.
The average prediction of analysts places 'Geographic Revenue- Americas (United States, Canada and Latin America)' at $460.65 million. The estimate points to a change of -17.9% from the year-ago quarter.
Analysts forecast 'Geographic Revenue- Asia' to reach $109.06 million. The estimate indicates a change of -36.6% from the prior-year quarter.
According to the collective judgment of analysts, 'Geographic Revenue- EMEA' should come in at $237.29 million. The estimate points to a change of -21.4% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Income from operations- Michael Kors' of $27.09 million. The estimate is in contrast to the year-ago figure of $32.00 million.
View all Key Company Metrics for Capri Holdings here>>>
Over the past month, Capri Holdings shares have recorded returns of -14.4% versus the Zacks S&P 500 composite's +4.6% change. Based on its Zacks Rank #3 (Hold), CPRI will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
On May 21, 2026, Capri Holdings Ltd CPRI shares rose 3.0%, closing at $18.38. Despite today's positive movement, the stock has experienced significant volatility, with a 52-week range between $16.22 and $28.27.
GF Value™ verdict: Current price of $18.38 represents an 18.7% discount to the GF Value™ of $22.60.GF Score™ is 69/100, indicating an above-average rating for the stock.Insider activity shows that insiders have purchased $1.0M worth of shares in the last three months, with no selling reported. Is CPRI Overvalued or Undervalued? Capri Holdings Ltd's current trading price of $18.38 is significantly below the GF Value™ of $22.60, suggesting that the stock is undervalued by 18.7%. This disparity creates a potential opportunity for investors, as the margin of safety indicates that the stock may be priced lower than its intrinsic value. The GF Valuation label of "Modestly Undervalued" further supports this assertion, implying that there is room for price appreciation if market conditions improve or if the company executes its strategic plans effectively.
However, it is essential to consider the risks associated with this undervaluation. The stock has shown volatility, with a year-to-date decline of 24.7% and a three-year drop of 22.5%. While the current price presents an attractive entry point based on the GF Value™, potential investors should remain cautious due to the company's financial strength rating of 3/10, which indicates possible underlying issues that could affect future performance. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
How Does CPRI's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 10.1x 14.3x Currently, Capri Holdings Ltd is trading at a forward P/E of 10.1x, which is notably lower than its 5-year median P/E of 14.3x. This analysis aligns with the GF Value™ verdict, indicating that the stock is undervalued compared to its historical valuation metrics. The lower current P/E suggests that the market may not be fully pricing in the company's potential for recovery, adding further credence to the opportunity highlighted by the GF Value™ assessment.
What Does CPRI's GF Score™ Tell Us? Metric Rating GF Score™ 69/100 Financial Strength 3/10 Profitability 6/10 Growth 3/10 Valuation 8/10 Momentum 7/10 The GF Score™ of 69/100 indicates that Capri Holdings Ltd is positioned above average compared to its peers. The strongest aspect is the Valuation rank of 8/10, suggesting that the stock is attractively priced relative to its intrinsic value. Conversely, the Financial Strength score of 3/10 and Growth rank of 3/10 highlight areas of concern, indicating potential weaknesses that could impact long-term performance and stability. Overall, while the valuation metrics are favorable, the weaker financial and growth indicators warrant careful consideration.
What Are Insiders Doing with CPRI Stock? Recent insider activity for Capri Holdings Ltd reflects a bullish sentiment, as insiders have purchased $1.0M worth of shares in the last three months without any selling reported. This pattern of insider buying can often be interpreted as a sign of confidence in the company's future performance and prospects. Insiders typically have a deeper understanding of the company's operations and may be more aware of forthcoming developments that could positively impact the stock price.
What This Means for Investors Based on the GF Value™ assessment, Capri Holdings Ltd CPRI is currently undervalued, presenting a potential opportunity for investors seeking exposure in the retail sector. However, it is crucial to remain aware of the company's financial health and market volatility that may impact future performance.
For the complete analysis, visit the Capri Holdings Ltd CPRI stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is CPRI's GF Score™?
CPRI's GF Score™ is 69/100, indicating it is rated above average compared to its peers, suggesting potential for higher long-term returns.
Is CPRI overvalued or undervalued?
According to the GF Value™, CPRI is currently undervalued with a price of $18.38 compared to its intrinsic value estimate of $22.60.
What is CPRI's P/E ratio?
CPRI's forward P/E ratio is 10.1x, which is below its 5-year median P/E of 14.3x, indicating that the stock may be undervalued based on historical trading multiples.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
LONDON--(BUSINESS WIRE)--Capri 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. Fourth Quarter Fiscal 2026 Highlights from Continuing Operations Revenue decreased 3.7% on a reported basis and 7.0% in constant currency Operating margin of (3.4)%; adjusted operating margin of (0.1)% Loss per share of $(0.01); adjusted earnings per share of $0.22 John D. Idol, the Company's Chai.
The logo of Michael Kors is seen on an outlet store in Metzingen, Germany, June 16, 2017. REUTERS/Michaela Rehle Purchase Licensing Rights, opens new tab
SummaryCompaniesForecasts annual sales in line with estimatesMichael Kors sales drop for 14th straight quarterExpects to recover all IEEPA tariffsCompany bets on full-price sales to revive Michael KorsMay 27 (Reuters) - Capri Holdings (CPRI.N), opens new tab forecast another quarter of declining sales on Wednesday but provided an upbeat annual profit target as it bets on a turnaround strategy focused on reviving demand for its Michael Kors brand.
Capri is trying to draw in a broader customer base, especially younger and wealthier shoppers, who continue to spend on nice-to-have items such as handbags despite inflationary pressures from higher gas and food costs.
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The company has been pulling back on promotions and selling handbags and apparel at full price to help drive a reset at Michael Kors, executives said in a post-earnings call.
It is also shifting its product mix, particularly towards smaller handbags and more casual footwear, which it said was resonating more with younger shoppers.
"A premium brand like Michael Kors must avoid excessive discounting or it degrades the value of the brand," said David Swartz, analyst at Morningstar, adding that even with higher prices, Michael Kors products are priced much lower than those of luxury brands.
Capri reported another quarterly decline for the Michael Kors brand, which makes up the bulk of its sales. Revenue fell 5.5% to $656 million, the company said.
Michael Kors has faced criticism in recent years for its lack of design innovation and consecutive quarters of declining sales, in contrast to handbag rival Coach, owned by Tapestry (TPR.N), opens new tab, which analysts say benefits from stronger brand power.
Capri expects first-quarter total revenue of about $750 million, compared with an estimate of $789.7 million, according to data compiled by LSEG. The company's shares reversed course after early premarket gains and fell about 2%.
"There is enough demand for both brands (Jimmy Choo and Michael Kors). I think investors were discouraged that the Q1 sales outlook was not higher, but it's a long process," Swartz said.
Failing to capitalize on the inclusion of the Italian brand Versace in its portfolio, the company sold it to Prada last year, highlighting Capri's push to raise cash and pay down its debt.
Capri reports fourteen straight quarters of revenue decline, with declining sales at its key revenue driving brand, Michael KorsCapri's fourth-quarter revenue of $796 million was largely in line with expectations, but adjusted earnings per share of 22 cents topped an estimate of 11 cents per share, while gross margin also grew.
It plans to recover all tariffs paid under the International Emergency Economic Powers Act as of March 28 and has recorded a refund of $65 million, it said.
The company expects fiscal year 2027 profit per share of about $2.15, compared to analysts' expectation of $1.83.
Reporting by Sanskriti Shekhar and Juveria Tabassum in Bengaluru and Danielle Kaye in New York; Editing by Pooja Desai
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Capri Holdings (CPRI - Free Report) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to a loss of $4.9 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +103.70%. A quarter ago, it was expected that this luxury retailer would post earnings of $0.78 per share when it actually produced earnings of $0.81, delivering a surprise of +3.85%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Capri Holdings, which belongs to the Zacks Retail - Apparel and Shoes industry, posted revenues of $796 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.95%. This compares to year-ago revenues of $1.04 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Capri Holdings shares have lost about 24.2% since the beginning of the year versus the S&P 500's gain of 9.8%.
What's Next for Capri Holdings?While Capri Holdings has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Capri Holdings was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.33 on $799.8 million in revenues for the coming quarter and $1.80 on $3.55 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Apparel and Shoes is currently in the bottom 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Vera Bradley (VRA - Free Report) , is yet to report results for the quarter ended April 2026.
This handbag and accessories company is expected to post quarterly loss of $0.33 per share in its upcoming report, which represents a year-over-year change of +8.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Vera Bradley's revenues are expected to be $49.12 million, down 4.9% from the year-ago quarter.
For the quarter ended March 2026, Capri Holdings (CPRI - Free Report) reported revenue of $796 million, down 23.1% over the same period last year. EPS came in at $0.22, compared to -$4.90 in the year-ago quarter.
The reported revenue represents a surprise of -0.95% over the Zacks Consensus Estimate of $803.66 million. With the consensus EPS estimate being $0.11, the EPS surprise was +103.7%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Capri Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Jimmy Choo: $140 million compared to the $137.84 million average estimate based on three analysts. The reported number represents a change of +5.3% year over year.Revenue- Michael Kors: $656 million versus $665.82 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -5.5% change.Income from operations- Michael Kors: $57 million versus $27.09 million estimated by three analysts on average.Income from operations- Jimmy Choo: $-20 million compared to the $-8.52 million average estimate based on three analysts.View all Key Company Metrics for Capri Holdings here>>>
Shares of Capri Holdings have returned -6.8% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Tapestry Stock Drops After Strong Quarter and Raised OutlookCapri NYSE: CPRI reported a return to profitability in its fiscal fourth quarter as management said strategic efforts at Michael Kors and Jimmy Choo are beginning to gain traction, while the company forecast revenue growth and sharply higher earnings in fiscal 2027.
On the company’s earnings call, Chairman and Chief Executive Officer John Idol said Capri made “deliberate actions” during fiscal 2026 to strengthen product innovation, brand desirability, storytelling and consumer engagement across its two remaining luxury fashion houses. The company has classified Versace as discontinued operations following its sale, and management said the transaction strengthened Capri’s balance sheet and financial flexibility.
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After a Huge Rally, Is There Any Upside Left for Ralph Lauren Stock? Fourth-quarter revenue from continuing operations was $796 million, down 3.7% from a year earlier on a reported basis and down 7% in constant currency, according to Raj Mehta, Capri’s former interim chief financial officer. Gross margin expanded 490 basis points to 64.8%, including a $40 million benefit recorded as a reduction to cost of goods sold related to a refund receivable for IEEPA tariffs paid in fiscal 2026.
Capri posted net income of $27 million, or $0.22 per diluted share, compared with a loss in the prior-year period. The company also repurchased $79 million of shares during the quarter, which Idol said was earlier than initially anticipated because of management’s confidence in Capri’s future growth and value creation.
Michael Kors Shows Progress, But Quality-of-Sale Actions Weigh on Sales As the Magnificent 7 Stalls, These 3 Stocks Are Gaining MomentumMichael Kors revenue fell 5.5% year over year on a reported basis and 8.4% in constant currency. Idol said the decline was primarily driven by initiatives to improve the “quality of sale,” including reduced promotional activity, lower third-party sales and fewer off-price shipments. He said those steps reduced fiscal 2026 revenue by more than $150 million, with the headwind expected to moderate as fiscal 2027 progresses.
Despite the revenue decline, management pointed to signs of improving brand health. In the retail channel, Michael Kors sales declined mid-single digits, but full-price comparable store sales turned positive in the fourth quarter across all regions. Average unit retail rose by low double digits, supported by higher full-price sell-throughs and reduced promotions. Idol also said store traffic trends improved sequentially.
By region, Michael Kors revenue increased 11% in EMEA and 10% in Asia, while revenue in the Americas declined 14%, largely reflecting the company’s quality-of-sale initiatives. Wholesale revenue declined mid-single digits, mainly because of lower off-price sales, though Idol said point-of-sale trends improved to approximately flat versus the prior year.
Management highlighted consumer response to the company’s “modern Jet Set” positioning, including its Hotel Stories campaign and product introductions across accessories. Idol said the Michael Kors global consumer database grew 8% year over year, aided by brand campaigns, runway visibility and influencer activity.
Jimmy Choo Returns to Growth in the Quarter Jimmy Choo revenue increased 5.3% year over year on a reported basis and was flat in constant currency. Retail sales rose mid-single digits, and wholesale revenue increased at a similar rate. Revenue rose 11% in the Americas and 8% in EMEA, while Asia declined 6%, with management noting sequential improvement from the prior quarter.
Idol said Jimmy Choo’s strategic actions are producing “tangible results,” including a return to growth in the back half of fiscal 2026. He said the brand is positioned to return to profitability in fiscal 2027.
The company highlighted product momentum in accessories and casual footwear. Idol cited strength in the Bon Bon and Cinch handbag groups, as well as encouraging consumer response to the Bar and Curve groups, which are part of a broader pricing architecture that includes bags below $1,500. In footwear, he said the Faiz lace pump performed well, while casual styles such as the Elisa ballerina flat and Sunny sneaker gained traction.
Jimmy Choo’s global customer database grew 7% year over year. Management credited campaigns including La Fleurs and the Rules of Engagement bridal campaign starring Gabourey Sidibe with helping drive engagement and attract younger customers.
Fiscal 2027 Outlook Calls for Revenue Growth and Margin Expansion For fiscal 2027, Capri expects revenue to rise at a low single-digit rate to approximately $3.525 billion. The company expects Michael Kors revenue of about $2.9 billion and Jimmy Choo revenue of about $625 million.
Management forecast gross margin expansion of approximately 200 basis points, with guidance assuming an additional 10% tariff on products entering the United States. Operating expense dollars are expected to increase modestly, while operating income is projected to rise about 60% to approximately $190 million.
Capri expects diluted earnings per share of approximately $2.15 in fiscal 2027, up about 40% from the prior year, assuming $200 million of share repurchases and weighted average shares outstanding of roughly 112 million.
Mehta said first-half revenue is expected to decline in the low single-digit range, with retail roughly flat and wholesale down low double digits. He said first-half earnings per share are expected to be about $0.85. In the second half, revenue is expected to increase at a mid-single-digit rate as strategic initiatives gain more traction, including a return to growth in the Michael Kors outlet channel. Fiscal 2027 includes a 53rd week, which is expected to add about one point to annual revenue growth.
For the first quarter, Capri guided for revenue of approximately $750 million, including about $585 million from Michael Kors and $165 million from Jimmy Choo. The company expects first-quarter diluted EPS of approximately $0.40.
Balance Sheet Strengthens After Versace Sale Mehta said Capri ended the quarter with cash of $135 million and debt of $357 million, resulting in net debt of $222 million, compared with approximately $1.4 billion a year earlier. Inventory at quarter-end was $581 million, down 17% year over year.
Capital expenditures were $63 million for fiscal 2026, primarily for store renovations and IT and digital investments. For fiscal 2027, Capri expects capital expenditures of approximately $125 million, including store renovations, new store openings and continued IT and digital enhancements.
The company has $921 million remaining under its share repurchase authorization. Mehta said Capri’s first capital allocation priority is investing in the business, followed by returning capital to shareholders through buybacks while maintaining a flexible balance sheet.
Management Emphasizes Longer-Term Brand Targets During the question-and-answer session, Idol said Capri is optimistic about the outlook for both brands. For Michael Kors, he said management expects growth to be led by full-price retail, followed by wholesale and then outlet. He said the company remains confident in its long-term ability to reach $4 billion in revenue and low-20% operating margins for Michael Kors.
For Jimmy Choo, Idol said Capri sees long-term revenue potential of $800 million and low double-digit operating margins. Chief Financial and Operating Officer Tyler Reddien said the company is in the early stages of a profit improvement program for Jimmy Choo, with areas of focus including store productivity, closing underperforming stores, SKU rationalization, inventory management, factory efficiencies and SG&A discipline.
Idol closed the call by saying Capri expects fiscal 2027 to mark a return to low single-digit revenue growth, with operating income and earnings per share increasing meaningfully as the company builds on its fiscal 2026 restructuring and brand repositioning efforts.
About Capri NYSE: CPRICapri Holdings Limited NYSE: CPRI is a global luxury fashion company that designs, markets and distributes a range of premium lifestyle products. The company's principal brands—Michael Kors, Versace and Jimmy Choo—offer handbags, ready-to-wear apparel, footwear, watches, jewelry, fragrance and other accessories. Capri Holdings combines in-house design talent with international sourcing, manufacturing and retail operations to deliver collections that reflect each brand's distinct heritage and aesthetic vision.
Formed in 2018 through the rebranding of Michael Kors Holdings following the acquisition of Versace, Capri has since integrated Jimmy Choo into its portfolio.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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The major indexes are pulling back from earlier gains to trade mixed at midday. Investors are focused on reports that Iran will reopen the Strait of Hormuz, pressuring crude prices back below $90 and sending the Dow Jones Industrial Average (DJI) to a fresh record high. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are cooling off from the Micron-induced tech surge, with Zscaler (ZS) trailing, adding pressure and dragging the broader cloud sector down with it.
Continue reading for more on today's market, including:
Retail stock surging after quarterly blowout. More on Zscaler stock's major post-earnings pullback. Plus, call traders circle PEP; soccer team scoring big gains; and a struggling retail stock.
Beverage behemoth PepsiCo Inc (NASDAQ:PEP) was last seen up 2% to trade at $148.65, continuing its whipsaw price action on the charts. While the catalyst remains unclear, call traders are circling, with 45,000 contracts traded already today. This amount is six times the average daily pace, with the September 170 call being most popular and seeing selling activity. PEP is currently clinging to a 3.5% year-to-date gain.
One of the top performers on the New York Stock Exchange (NYSE) is Manchester United PLC (NYSE:MANU), up 12.5% at $22.19 at last glance, after the English soccer club posted a fiscal third-quarter revenue rise of 18% and hiked its full-year revenue outlook. This is overshadowing a Q3 net loss of roughly $16 million. MANU has been climbing the charts this year, closing out the 25/26 Premier League season with a 57% year-over-year gain. The shares also tapped a nearly three-year high of $22.56, with the 100-day moving average capturing its April pullback.
Retailer Capri Holdings Ltd (NYSE:CPRI) is near the bottom of the NYSE, last seen down 5.4% to trade at $17.50, brushing off a fiscal fourth-quarter profit beat after quarterly sales disappointed once again. The Michael Kors parent has shed 28% in 2026 and is continuing back toward its late-March lows.
Key Takeaways Capri posted Q4 adjusted EPS of 22 cents, beating estimates and improving year over year.CPRI sees FY27 low-single-digit revenue growth and nearly 40% EPS growth ahead.Jimmy Choo revenues rose 5.3% in Q4, while Michael Kors showed improving retail trends. Capri Holdings Limited (CPRI - Free Report) delivered fourth-quarter fiscal 2026 results, with revenues missing the Zacks Consensus Estimate and declining year over year. However, earnings surpassed the consensus estimate and improved significantly from the prior-year quarter.
Management highlighted that strategic initiatives introduced last year are gaining traction, with improving trends visible across both Michael Kors and Jimmy Choo. The company noted that actions taken to strengthen product innovation, brand desirability and consumer engagement are resonating well with consumers, providing early validation of its transformation efforts. Capri Holdings also emphasized that fiscal 2026 was focused on stabilizing the business and building a stronger foundation for long-term growth.
Looking ahead, management 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. Longer term, the company aims to grow Michael Kors revenues to $4 billion and Jimmy Choo revenues to $800 million while significantly improving profitability and delivering sustainable long-term shareholder value.
More on Capri Holdings’ Q4 ResultsCapri Holdings reported adjusted earnings of 22 cents per share for the fourth quarter, which surpassed the Zacks Consensus Estimate of 11 cents. The bottom line improved significantly from an adjusted loss of $4.55 per share reported in the year-ago period. On a reported basis, the company posted a loss of one cent per share compared with a loss of $4.90 in the prior-year quarter.
Total revenues came in at $796 million, missing the Zacks Consensus Estimate of $804 million. The top line declined 3.7% year over year on a reported basis and 7% on a constant-currency basis.
By geography, The Americas remained the largest region but was also the main drag, with revenues of $433 million compared with $493 million in the year-ago quarter. EMEA improved to $246 million from $223 million, while Asia edged up to $117 million from $111 million, partially offsetting softness in the Americas.
Gross profit increased to $516 million from $495 million in the year-ago quarter. Gross margin expanded 490 basis points to 64.8%, aided by a $40 million reduction in the cost of goods sold tied to estimated IEEPA tariff refunds.
Operating loss narrowed to $27 million from $57 million a year ago. On an adjusted basis, operating loss improved to $1 million from $15 million in the prior-year quarter, with adjusted operating margin improving to negative 0.1% from negative 1.8% a year ago.
CPRI’s Q4 Revenue Insights by SegmentsMichael Kors generated revenues of $656 million, down 5.5% year over year on a reported basis and 8.4% on a constant-currency basis. This missed the Zacks Consensus Estimate of $666 million. The brand experienced sequential improvement in retail trends, with full-price retail channel comparable sales increasing across all regions. Total retail channel average unit retails (AURs) increased by a mid-single-digit percentage, while wholesale sales at the point of sale improved to approximately flat compared with the prior year.
Gross margin expanded to 64.6%, benefiting from an estimated receivable related to IEEPA tariff refunds. Operating income increased to $57 million from $32 million a year ago, while operating margin expanded to 8.7% from 4.6% in the prior-year quarter.
Jimmy Choo delivered a solid performance, with revenues increasing 5.3% year over year to $140 million on a reported basis and remaining flat on a constant-currency basis. This surpassed the Zacks Consensus Estimate of $138 million. Retail sales increased by a mid-single-digit percentage, with sequential improvement across all regions, while wholesale point-of-sale trends also improved sequentially. Gross margin came in at 65.7%. However, the brand reported an operating loss of $20 million compared with an operating loss of $10 million in the prior-year quarter.
Capri Holdings’ Financial Health SnapshotCapri Holdings exited fiscal 2026 with cash and cash equivalents of $135 million and total borrowings of $357 million, resulting in net debt of $222 million, a significant improvement from $1.4 billion in the prior year. Operating cash flow for fiscal 2026 totaled $197 million, while capital expenditures were $63 million, leading to free cash flow of $134 million. Inventory levels declined 17% year over year to $581 million, reflecting improved inventory discipline and operational efficiency.
Capri Holdings resumed a more aggressive capital return stance in the quarter, repurchasing approximately 4 million shares for $79 million. The remaining authorization under the share repurchase program was $921 million at the end of the fourth quarter.
Capri Holdings’ Q1 OutlookFor the first quarter of fiscal 2027, Capri Holdings expects total revenues of approximately $750 million and operating income of around $10 million. Net interest and other income are projected at roughly $20 million, while the effective tax rate is expected to be approximately negative 50%. The company anticipates earnings per share of about 40 cents.
Within the segments, Michael Kors revenues are projected at approximately $585 million, with the operating margin expected in the high-single-digit range. Jimmy Choo revenues are anticipated to be approximately $165 million, with the operating margin in the low-single-digit range.
CPRI’s FY27 GuidanceFor fiscal 2027, Capri Holdings expects total revenues of approximately $3.525 billion, representing growth of nearly 1.5% from fiscal 2026 revenues of $3.474 billion. The company projects operating income of around $190 million compared with $23 million reported in fiscal 2026. Net interest and other income are projected in the range of $85-$90 million, while the effective tax rate is expected to be in the low-teens range. The company anticipates earnings per share of about $2.15. Capri Holdings also plans share repurchases of nearly $200 million and capital expenditures of approximately $125 million during the fiscal year.
For Michael Kors, fiscal 2027 revenues are expected to be approximately $2.9 billion, with the operating margin projected in the low-double-digit range. Jimmy Choo revenues are anticipated to be approximately $625 million, with the operating margin in the low-single-digit range.
CPRI Stock Past Three-Month Performance
Image Source: Zacks Investment Research
Shares of this Zacks Rank #3 (Hold) company have fallen 4.9% over the past three months compared with the industry’s decline of 10.6%.
Key PicksSome better-ranked stocks in the retail space are Tapestry, Inc. (TPR - Free Report) , Victoria's Secret & Co. and Levi Strauss & Co. (LEVI - Free Report) .
Tapestry is the designer and marketer of fine accessories and gifts for women and men in the United States and internationally. It carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Tapestry’s current fiscal-year earnings and sales indicates growth of 36.3% and a decline of 13.2%, respectively, from the year-ago actuals. TPR delivered a trailing four-quarter average earnings surprise of 15.6%.
Victoria's Secret is a specialty retailer of women's intimates, sleepwear, apparel, sport and swimwear, and prestige fragrances and body care. It currently has a Zacks Rank of 2. The company delivered a trailing four-quarter earnings surprise of 55.1%, on average.
The Zacks Consensus Estimate for VSCO’s current fiscal-year sales and earnings indicates growth of 6.2% and 16.3%, respectively, from the year-ago reported numbers.
Levi Strauss designs and markets jeans, casual wear and related accessories for men, women and children. It currently carries a Zacks Rank of 2.
The Zacks Consensus Estimate for Levi Strauss’ current fiscal-year earnings and sales suggests growth of 11.9% and 5.2%, respectively, from the year-ago actuals. LEVI delivered a trailing four-quarter average earnings surprise of 21.4%.
Capri Holdings (NYSE:CPRI) reported fiscal fourth quarter results that showed stronger-than-expected profitability but weaker-than-expected revenue, sending shares down more than 6% on Wednesday afternoon.
The company posted adjusted earnings per share of $0.22, more than double the $0.11 consensus estimate.
Revenue totaled $796 million, below Wall Street expectations of $803.7 million and down 3.7% year-over-year, or down 7% on a constant currency basis.
For fiscal 2027, Capri Holdings expects total revenue of approximately $3.53 billion and operating income of about $190 million.
Capital expenditures are projected to be around $125 million, while diluted earnings per share are expected to come in at approximately $2.15.
“We are building upon the improving trends resulting from the success of our strategic initiatives,” Capri CEO John Idol said. “In fiscal 2027 we expect to return to low single digit revenue growth and approximately 40% earnings per share growth.”
Jefferies analysts described the quarter as mixed, noting that revenue came in slightly below expectations, driven primarily by Michael Kors, while EBIT and EPS beat consensus.
They noted that profit outperformance was supported in part by approximately $40 million in IEEPA tariff refunds, and cautioned that excluding this benefit, underlying EBIT appeared softer, though timing and offsetting factors may have played a role.
Looking ahead, Jefferies highlighted financial year 2027 guidance that came in broadly in line on revenue but above expectations on EBIT and EPS, supported by an anticipated 200 basis point improvement in gross margin.
The firm noted that the outlook also included moving items below the EBIT line, including interest income, tax rate assumptions, and share count benefits from buybacks.
At the same time, Jefferies pointed to a softer-than-expected first-quarter outlook, with both revenue and EBIT guided below Street expectations, even as EPS came in higher due to tax rate dynamics.
On brand performance, the analysts highlighted continued strength in Michael Kors retail full-price comparable sales and sequential improvement in wholesale trends, alongside similar momentum at Jimmy Choo. They also noted that the company repurchased approximately 4 million shares for $79 million during the quarter.
Capri Holdings (NYSE:CPRI) reported fiscal fourth quarter results that showed stronger-than-expected profitability but weaker-than-expected revenue, sending shares down more than 6% on Wednesday afternoon.
The company posted adjusted earnings per share of $0.22, more than double the $0.11 consensus estimate.
Revenue totaled $796 million, below Wall Street expectations of $803.7 million and down 3.7% year-over-year, or down 7% on a constant currency basis.
For fiscal 2027, Capri Holdings expects total revenue of approximately $3.53 billion and operating income of about $190 million.
Capital expenditures are projected to be around $125 million, while diluted earnings per share are expected to come in at approximately $2.15.
“We are building upon the improving trends resulting from the success of our strategic initiatives,” Capri CEO John Idol said. “In fiscal 2027 we expect to return to low single digit revenue growth and approximately 40% earnings per share growth.”
Jefferies analysts described the quarter as mixed, noting that revenue came in slightly below expectations, driven primarily by Michael Kors, while EBIT and EPS beat consensus.
They noted that profit outperformance was supported in part by approximately $40 million in IEEPA tariff refunds, and cautioned that excluding this benefit, underlying EBIT appeared softer, though timing and offsetting factors may have played a role.
Looking ahead, Jefferies highlighted financial year 2027 guidance that came in broadly in line on revenue but above expectations on EBIT and EPS, supported by an anticipated 200 basis point improvement in gross margin.
The firm noted that the outlook also included moving items below the EBIT line, including interest income, tax rate assumptions, and share count benefits from buybacks.
At the same time, Jefferies pointed to a softer-than-expected first-quarter outlook, with both revenue and EBIT guided below Street expectations, even as EPS came in higher due to tax rate dynamics.
On brand performance, the analysts highlighted continued strength in Michael Kors retail full-price comparable sales and sequential improvement in wholesale trends, alongside similar momentum at Jimmy Choo. They also noted that the company repurchased approximately 4 million shares for $79 million during the quarter.
Have you looked into how Capri Holdings (CPRI - Free Report) performed internationally during the quarter ending March 2026? Considering the widespread global presence of this luxury retailer, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth.
The global economy today is deeply interlinked, making a company's engagement with international markets a critical factor in determining its financial success and growth path. It has become essential for investors to comprehend how much a company relies on these foreign markets, as this understanding reveals the firm's potential for consistent earnings, its capacity to harness different economic cycles, and its overall growth prospects.
Presence in international markets can act as a hedge against domestic economic downturns and provide access to faster-growing economies. However, this diversification also brings complexities due to currency fluctuations, geopolitical risks and differing market dynamics.
While delving into CPRI's performance for the past quarter, we observed some fascinating trends in the revenue from its foreign segments that are commonly modeled and observed by analysts on Wall Street.
For the quarter, the company's total revenue amounted to $796 million, experiencing a decline of 23.1% year over year. Next, we'll explore the breakdown of CPRI's international revenue to understand the importance of its overseas business operations.
Unveiling Trends in CPRI's International RevenuesAsia generated $117 million in revenues for the company in the last quarter, constituting 14.7% of the total. This represented a surprise of +7.29% compared to the $109.06 million projected by Wall Street analysts. Comparatively, in the previous quarter, Asia accounted for $111 million (10.8%), and in the year-ago quarter, it contributed $172 million (16.6%) to the total revenue.
EMEA accounted for 30.9% of the company's total revenue during the quarter, translating to $246 million. Revenues from this region represented a surprise of +3.67%, with Wall Street analysts collectively expecting $237.29 million. When compared to the preceding quarter and the same quarter in the previous year, EMEA contributed $268 million (26.2%) and $302 million (29.2%) to the total revenue, respectively.
Anticipated Revenues in Overseas MarketsIt is projected by analysts on Wall Street that Capri Holdings will post revenues of $751.5 million for the ongoing fiscal quarter, a decline of 5.7% from the year-ago quarter. The expected contributions from Asia and EMEA to this revenue are 14.4%, and 31.5%, translating into $108.27 million, and $236.75 million, respectively.
For the full year, the company is expected to generate $3.53 billion in total revenue, up 1.6% from the previous year. Revenues from Asia and EMEA are expected to constitute 12.3% ($435.21 million), and 29.3% ($1.03 billion) of the total, respectively.
Key TakeawaysRelying on global markets for revenues presents both prospects and challenges for Capri Holdings. Therefore, scrutinizing its international revenue trends is key to effectively forecasting the company's future outlook.
In an era of growing international ties and escalating geopolitical disputes, financial analysts on Wall Street pay keen attention to these developments to fine-tune their earnings estimations for businesses operating across borders. It's important to note, however, that a range of additional variables, like a company's local market status, also play a crucial role in shaping these forecasts.
We at Zacks strongly focus on the dynamic earnings forecast of companies, given that empirical studies have demonstrated its potent impact on the immediate price movement of stocks. Invariably, there's a positive relationship -- upward earnings predictions often result in an increase in stock prices.
Our proprietary stock rating tool, the Zacks Rank, with its externally validated exceptional track record, harnesses the power of earnings estimate revisions to serve as a dependable measure for anticipating the short-term price trends of stocks.
Capri Holdings, bearing a Zacks Rank #3 (Hold), is expected to mirror the broader market's movements in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
A Review of Capri Holdings' Recent Stock Market PerformanceOver the past month, the stock has lost 5.7% versus the Zacks S&P 500 composite's 6.3% increase. The Zacks Retail-Wholesale sector, of which Capri Holdings is a part, has declined 1.8% over the same period. The company's shares have increased 3.1% over the past three months compared to the S&P 500's 10.5% increase. Over the same period, the sector has risen 3.6%
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The Style Scores are broken down into four categories:
Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
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How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.7% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Capri Holdings (CPRI - Free Report) Capri Holdings Limited operates in the global personal luxury goods industry.
CPRI is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 9.39; value investors should take notice.
Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2027. The Zacks Consensus Estimate has increased $0.15 to $1.96 per share. CPRI boasts an average earnings surprise of +66.8%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, CPRI should be on investors' short list.
RetailMeNot's Summer Issue savings event runs June 4-8, featuring stackable deals, shopping inspiration and seasonal savings across top retailers New summer research reveals Y2K-inspired fashion resurgence and growing demand for polished, versatile alternatives like capris , /PRNewswire/ -- RetailMeNot today announced its first-ever Chief Capri Officer (CCO) search, a summer initiative offering one consumer the opportunity to bring one of the season's biggest fashion comebacks to life. The opportunity is part of RetailMeNot's Summer Issue savings event and is informed by new consumer data showing that shoppers are increasingly rethinking traditional summer staples in favor of more polished, versatile styles.
RetailMeNot's Summer Issue is a new summer savings event running June 4-8 designed to help consumers save on everything they need for the season. Curated to feel like a go-to summer magazine for inspiration and savings, the event brings together promo codes, cash back offers and exclusive deals from top retailers to help shoppers save on everyday summer essentials. Participating retailers span key categories including fashion, beauty, travel and more, with brands such as Ulta, Ray-Ban, Expedia, Kendra Scott and Macy's.
New summer consumer data from RetailMeNot suggests capris are emerging as one of the season's standout fashion trends, with 28% of women planning to purchase a pair this summer and many embracing the style as a more polished, versatile alternative to shorts. To bring this trend to life, RetailMeNot is launching its first-ever Chief Capri Officer search, giving one consumer the opportunity to showcase one of summer's biggest fashion comebacks.
"The Chief Capri Officer search brings one of summer's top trends to life in a way that's fun, relatable, and rooted in real shopping behavior," said Stephanie Carls, Retail Insights Expert at RetailMeNot. "Half of millennial women prefer capris over shorts across occasions. That's a movement, and the Summer Issue is the perfect place to shop it."
Survey Data Signals a Shift in Summer Style
Findings from RetailMeNot's summer consumer survey* reveal a clear shift in how women are approaching warm-weather dressing:
50% of Millennial women say capris are more appropriate than shorts for brunch or casual dining. Only 11% of women believe shorts work across all summer occasions. 28% of women plan to purchase capris this summer, making them one of the top Y2K-inspired fashion trends. Together, the data suggests that shoppers are embracing styles that feel both practical and elevated, easily transitioning from casual outings to more social settings.
RetailMeNot's Chief Capri Officer Program
RetailMeNot will select one Chief Capri Officer to showcase how capris fit into real-life summer wardrobes. The chosen candidate will receive a $5,000 shopping stipend to style and shop the trend. The program reflects how consumers discover trends today, blending inspiration, practicality, and savings to turn aspirational ideas into everyday style.
To learn more or apply to be RetailMeNot's Chief Capri Officer, visit RetailMeNot.com/CCO
RetailMeNot's Summer Issue can be explored at RetailMeNot.com/Summer
How to Apply
Consumers can apply between June 4 and June 18, 2026. Applicants must be U.S. residents, age 21 or older. No purchase is necessary.
To enter:
Submit a short application at RetailMeNot.com/CCO Share why you're the ideal CCO and how you would style capris this summer. The selected winner will:
Receive a $5,000 shopping stipend. Create user-generated content featuring capri styling and have the opportunity to be featured across RetailMeNot's social channels. *Survey Methodology: Source: RetailMeNot Summer 2026 Spending Survey among adults from 18 to 44. N=896. Fielded in April 2026
About RetailMeNot Group: The RetailMeNot Group brings together leading shopping, savings, and deal discovery brands that help people shop smarter and help businesses connect with high-intent consumers at moments of purchase. The RetailMeNot Group portfolio includes RetailMeNot, Offers.com, BlackFriday.com, TechBargains, Deals of America and R BrandWorks, reaching millions of consumers through trusted social content, real-time deals, cash back, and seasonal shopping moments. RetailMeNot Group operates as part of Ziff Davis, a leading digital media and internet company. To learn more, visit www.ziffdavis.com/brands/shopping
About Ziff Davis: Ziff Davis (Nasdaq: ZD) is a vertically focused digital media and internet company whose portfolio includes leading brands in technology, entertainment, shopping, health, cybersecurity, and martech. For more information, visit www.ziffdavis.com.
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
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Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
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How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.7% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
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Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Capri Holdings (CPRI - Free Report) Capri Holdings Limited operates in the global personal luxury goods industry through two fashion luxury houses: Michael Kors and Jimmy Choo. The company designs, markets and distributes luxury accessories, footwear and apparel through retail stores, e-commerce sites, and wholesale partners, supported by product and geographic licensing agreements. The company sells across three principal geographic markets: the Americas, EMEA and Asia. E-commerce represented approximately 21% of net revenues in fiscal 2026.
CPRI is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Retail-Wholesale stock. CPRI has a Momentum Style Score of A, and shares are up 0.8% over the past four weeks.
Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2027. The Zacks Consensus Estimate has increased $0.20 to $2.01 per share. CPRI boasts an average earnings surprise of +66.8%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, CPRI should be on investors' short list.
