Capri Holdings beats profit estimates but misses revenue, shares drop 6%

Capri Holdings reported fiscal Q4 results with adjusted EPS of $0.22, beating the $0.11 estimate, but revenue fell 3.7% to $796 million, below expectations. The company expects fiscal 2027 revenue of about $3.525 billion and operating income near $190 million, aiming for low single-digit revenue growth and 40% EPS growth. Analysts noted profit gains were partly due to $40 million in tariff refunds, with some softness underlying EBIT. Despite a mixed quarter, Capri repurchased 4 million shares and showed strong brand momentum in Michael Kors and Jimmy Choo.