Filing Flows › Capri Holdings (CPRI) › Q1 FY27 › vs Q1 FY26
Capri Holdings (CPRI) Q1 FY27 vs Q1 FY26 (year over year)
Capri Holdings's revenue fell $28.0M (-4%) from $797M in Q1 FY26 to $769M in Q1 FY27. The biggest changes: Michael Kors −$45.0M (-7%); Jimmy Choo +$17.0M (+10%). Gross margin 65.0% against 63.0% (+2.0 pts).
Capri Holdings, Q1 FY27: revenue $769M (-4% year over year), operating margin 2.2%, net earnings $69.0M, operating cash flow $73.0M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 65.0% | 63.0% | +2.0 pts |
| Operating margin | 2.2% | 2.0% | +0.2 pts |
| Net margin | 9.0% | 6.6% | +2.3 pts |
| Free cash flow margin | 6.2% | -2.6% | +8.9 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Michael Kors | $590M | $635M | −$45.0M | -7% |
| Jimmy Choo | $179M | $162M | $17.0M | +10% |
| Revenue | $769M | $797M | −$28.0M | -4% |
| Gross profit | $500M | $502M | −$2.0M | -0.4% |
| Cost of revenue | $269M | $295M | −$26.0M | -9% |
| Other income, net | $35.0M | $21.0M | $14.0M | +67% |
| Operating profit | $17.0M | $16.0M | $1.0M | +6% |
| Operating expenses | $483M | $486M | −$3.0M | -0.6% |
| Pre-tax earnings | $52.0M | $37.0M | $15.0M | +41% |
| SG&A | $451M | $455M | −$4.0M | -0.9% |
| Other operating costs | $32.0M | $31.0M | $1.0M | +3% |
| Income tax benefit | $18.0M | $16.0M | $2.0M | +12% |
| Net earnings | $69.0M | $53.0M | $16.0M | +30% |
| Minority interests | $1.0M | $0 | $1.0M | — |
| Depreciation & amortization | $29.0M | $30.0M | −$1.0M | -3% |
| Share-based compensation | $13.0M | $14.0M | −$1.0M | -7% |
| Working capital & other | $38.0M | $105M | −$67.0M | -64% |
| Operating cash flow | $73.0M | −$8.0M | $81.0M | — |
| Free cash flow (OCF − capex) | $48.0M | −$21.0M | $69.0M | — |
| Capital expenditures | $25.0M | $13.0M | $12.0M | +92% |
Questions
How much did Capri Holdings's revenue grow year over year in Q1 FY27?
Capri Holdings's revenue fell $28.0M (-4%) from $797M in Q1 FY26 to $769M in Q1 FY27.
What drove Capri Holdings's revenue change in Q1 FY27?
Michael Kors −$45.0M (-7%); Jimmy Choo +$17.0M (+10%).