Capri Holdings Forecasts 40% FY27 EPS Growth; Q4 Michael Kors Revenue Declines
CPRI is trading near its 52-week low of $16.22 (12% above the low) on elevated volume (3.4× avg).
Summary
Capri Holdings reported Q4 results showing Michael Kors revenue declined and Jimmy Choo revenue was flat. The company reiterated its FY27 forecast for low single-digit revenue growth and a robust 40% increase in EPS, driven by brand and operational initiatives. This follows yesterday's initial announcement of the strong FY27 guidance in news and SEC filings. The projected 40% EPS growth is a highly material positive outlook, signaling a significant financial rebound despite mixed Q4 brand performance.
At the time of this announcement, CPRI was trading at $18.20 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: Wiseek News.