Capri Holdings (CPRI) Q1 FY27 earnings call

Capri Holdings exceeded Q1 expectations with strong profit growth and EPS expansion, driven by strategic initiatives at Michael Kors and Jimmy Choo. Despite a revised downward revenue outlook for FY27 due to near-term inventory delays and EMEA softness, disciplined expense management allows the company to maintain its full-year EPS guidance. The focus remains on enhancing brand desirability, product innovation, and quality of sales, with Michael Kors expected to return to growth in the back half of the year and Jimmy Choo continuing its positive momentum.