Capri (NYSE:CPRI) Releases Q2 2026 Earnings Guidance

Key Points

• Capri (NYSE:CPRI) provided earnings guidance of 0.100-0.150 EPS for Q2 2026, significantly below the consensus estimate of 0.301, and revised revenue guidance to $815.0 million-$835.0 million, also lower than the market expectation.
• Shares of Capri declined by $1.07 to reach $19.77 amid midday trading, with a notable market cap of $2.33 billion and a P/E ratio of -1.99.
• Recent analyst activity shows mixed sentiment, with JPMorgan raising its price target to $21.00 while Barclays lowered it to $13.00, indicating a lack of consensus on the stock's performance.

Capri (NYSE:CPRI - Get Free Report) issued an update on its second quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.100-0.150 for the period, compared to the consensus estimate of 0.301. The company issued revenue guidance of $815.0 million-$835.0 million, compared to the consensus revenue estimate of $817.5 million. Capri also updated its FY 2026 guidance to 1.200-1.400 EPS.

Capri Price Performance

Shares of CPRI stock traded down $1.07 during midday trading on Thursday, reaching $19.77. 937,133 shares of the company were exchanged, compared to its average volume of 3,666,930. The company has a market cap of $2.33 billion, a P/E ratio of -1.99, a PEG ratio of 0.39 and a beta of 1.72. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.49 and a current ratio of 1.14. Capri has a 12 month low of $11.86 and a 12 month high of $43.34. The company's 50 day moving average price is $18.22 and its two-hundred day moving average price is $18.88.

Capri (NYSE:CPRI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.37. The company had revenue of $797.00 million during the quarter, compared to the consensus estimate of $773.18 million. Capri had a negative net margin of 26.61% and a negative return on equity of 39.55%. Capri's revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.04 EPS. On average, sell-side analysts expect that Capri will post 0.98 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CPRI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on Capri from $18.00 to $21.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Robert W. Baird lowered their price objective on shares of Capri from $26.00 to $18.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Wall Street Zen lowered shares of Capri from a "hold" rating to a "sell" rating in a research note on Sunday, July 13th. Barclays cut their price target on Capri from $19.00 to $13.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $22.00 target price (up from $20.00) on shares of Capri in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $22.92.

Institutional Trading of Capri

Hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Capri by 13.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,034 shares of the company's stock worth $218,000 after acquiring an additional 1,313 shares during the period. Integrated Wealth Concepts LLC raised its stake in shares of Capri by 48.8% in the first quarter. Integrated Wealth Concepts LLC now owns 20,120 shares of the company's stock valued at $397,000 after purchasing an additional 6,595 shares in the last quarter. Royal Bank of Canada lifted its position in Capri by 70.0% in the first quarter. Royal Bank of Canada now owns 380,838 shares of the company's stock worth $7,514,000 after purchasing an additional 156,757 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Capri by 23.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 422,561 shares of the company's stock valued at $8,337,000 after acquiring an additional 80,928 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Capri by 22.4% during the first quarter. Goldman Sachs Group Inc. now owns 764,509 shares of the company's stock valued at $15,084,000 after purchasing an additional 139,809 shares in the last quarter. Institutional investors own 84.34% of the company's stock.

Capri Company Profile

Capri Holdings Limited designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. It operates through three segments: Versace, Jimmy Choo, and Michael Kors. The company offers ready-to-wear, accessories, footwear, handbags, scarves and belts, small leather goods, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques, department, and specialty stores, as well as through e-commerce sites.

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