Filing Flows › Capri Holdings (CPRI) › Q1 FY27
Capri Holdings (CPRI) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Aug 5, 2026
Capri Holdings (CPRI) reported revenue of $769M for the first quarter fiscal 2027 (Q1 FY27), -4% from a year earlier and -3% from the quarter before. Operating margin was 2.2%, net earnings $69.0M (9.0% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $769M | -3% | -4% |
| Gross profit | $500M | -3% | -0.4% |
| Operating profit | $17.0M | — | +6% |
| Net earnings | $69.0M | — | +30% |
| Operating cash flow | $73.0M | — | — |
| Free cash flow | $48.0M | — | — |
What changed
Revenue was $769.0M in Q1 FY27, down 4% year over year and down 3% from the previous quarter. Michael Kors was the largest line at 77% of revenue. Michael Kors lost $45.0M year over year (down 7%), 161% of the total change.
Gross margin was 65.0%, up 2.0 points from Q1 FY26. Operating profit was $17.0M, a 2.2% margin (up 0.2 points year over year). Operating expenses fell 1% while revenue fell 4%. Net earnings were $69.0M, up 30% year over year. The effective tax rate was -34.6%. Non-operating items added $35.0M, 67% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $73.0M, 104% of net earnings. Non-cash charges added back $29.0M of depreciation and amortization and $13.0M of share-based compensation. Working capital and other items used $39.0M. Capital expenditures of $25.0M left free cash flow of $48.0M.
Questions
What was Capri Holdings' revenue in the first quarter fiscal 2027?
Capri Holdings (CPRI) reported revenue of $769M for the first quarter fiscal 2027 (Q1 FY27), -4% from a year earlier and -3% from the quarter before.
Was Capri Holdings profitable in the first quarter fiscal 2027?
Operating profit was $17.0M (2.2% of revenue) and net earnings $69.0M.
Source: Capri Holdings 10-Q on SEC EDGAR.