Filing Flows › Capri Holdings (CPRI) › Q1 FY27 › vs Q4 FY26
Capri Holdings (CPRI) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Capri Holdings's revenue fell $27.0M (-3%) from $796M in Q4 FY26 to $769M in Q1 FY27. The biggest changes: Michael Kors −$66.0M (-10%); Jimmy Choo +$39.0M (+28%). Gross margin 65.0% against 64.8% (+0.2 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 Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 65.0% | 64.8% | +0.2 pts |
| Operating margin | 2.2% | -3.4% | +5.6 pts |
| Net margin | 9.0% | -0.5% | +9.5 pts |
| Free cash flow margin | 6.2% | -10.4% | +16.7 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Michael Kors | $590M | $656M | −$66.0M | -10% |
| Jimmy Choo | $179M | $140M | $39.0M | +28% |
| Revenue | $769M | $796M | −$27.0M | -3% |
| Gross profit | $500M | $516M | −$16.0M | -3% |
| Cost of revenue | $269M | $280M | −$11.0M | -4% |
| Other income, net | $35.0M | $33.0M | $2.0M | +6% |
| Operating profit | $17.0M | −$27.0M | $44.0M | — |
| Operating expenses | $483M | $543M | −$60.0M | -11% |
| Pre-tax earnings | $52.0M | $6.0M | $46.0M | +767% |
| SG&A | $451M | $493M | −$42.0M | -9% |
| Other operating costs | $32.0M | $50.0M | −$18.0M | -36% |
| Income tax benefit | $18.0M | −$9.0M | $27.0M | — |
| Net earnings | $69.0M | −$4.0M | $73.0M | — |
| Minority interests | $1.0M | $1.0M | $0 | 0% |
| Depreciation & amortization | $29.0M | $31.0M | −$2.0M | -6% |
| Share-based compensation | $13.0M | $6.0M | $7.0M | +117% |
| Working capital & other | $38.0M | $98.0M | −$60.0M | -61% |
| Operating cash flow | $73.0M | −$65.0M | $138M | — |
| Free cash flow (OCF − capex) | $48.0M | −$83.0M | $131M | — |
| Capital expenditures | $25.0M | $18.0M | $7.0M | +39% |
Questions
How much did Capri Holdings's revenue grow quarter over quarter in Q1 FY27?
Capri Holdings's revenue fell $27.0M (-3%) from $796M in Q4 FY26 to $769M in Q1 FY27.
What drove Capri Holdings's revenue change in Q1 FY27?
Michael Kors −$66.0M (-10%); Jimmy Choo +$39.0M (+28%).