Capri Holdings Forecasts 40% EPS Growth, Low Single-Digit Revenue Growth in FY27
CPRI sits 20% above its 52-week low of $16.22 on elevated volume (2.6× avg).
Summary
Capri Holdings announced expectations for approximately 40% EPS growth and a return to low single-digit revenue growth in fiscal year 2027. This strong forward guidance follows recent positive developments, including a significant debt reduction from the Versace sale and the approval of a new $1.0 billion share repurchase program. The projected substantial EPS growth indicates a significant improvement in profitability and provides a clear positive outlook for the company's future performance.
At the time of this announcement, CPRI was trading at $19.46 on NYSE in the Trade & Services sector, with a market capitalization of approximately $2.2B. The 52-week trading range was $16.22 to $28.27. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.