Capri Q1 beats expectations; FY revenue guidance cut to ~$3.4B, EPS outlook maintained at $2.15

Capri Holdings Ltd

Q1 revenue $769M (-3.5% reported, -4.1% constant currency); adjusted EPS $0.67 vs $0.50 prior year.
Michael Kors revenue $590M (-7.1%); Jimmy Choo revenue $179M (+10.5%).
FY2027 revenue guidance lowered to ~$3.4B, citing $50M inventory delays, $50M EMEA softness, $35M FX headwinds.
FY2027 diluted EPS guidance maintained at ~$2.15; Q2 EPS guided ~$0.20.
Repurchased 2.6M shares for $50M at avg $19.31; remaining authorization $871M.

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