Capri projects FY2027 EPS of about $2.15 on $3.525B revenue with 200 bps gross margin expansion (NYSE:CPRI)

Earnings Call Insights: Capri Holdings (CPRI) Q4 fiscal 2026 Management view * John Idol (Chairman & CEO) announced a leadership transition, saying, "I would like to begin by welcoming Tyler Reddien to Capri Holdings," and added that Reddien joined after quarter-end, so "Raj Mehta will review our fourth quarter results This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Capri Holdings views fiscal 2027 as a transition year, targeting revenue of $3.525 billion, 60% higher operating income, 40% higher EPS, expanded gross margin, and advancing operational reset efforts focused on Michael Kors and Jimmy Choo. Management expects an additional 10% tariff on U.S.-bound goods and estimates the Middle East conflict will reduce first quarter revenue by $7 million, while noting a one-time benefit from IEEPA tariff refunds. For Michael Kors, focus is on reducing promotional/off-price sales, outlet weakness, and upgrading store experience; for Jimmy Choo, efforts include closing underperforming stores, rationalizing SKUs, and factory efficiency to drive profit improvement.