Capri Holdings Limited (NYSE:CPRI) reported fourth-quarter results on Wednesday that topped Wall Street earnings expectations, helped by margin expansion and tariff-related benefits, even as the company issued a softer sales outlook for fiscal 2027.

Capri Earnings Snapshot

The luxury fashion group reported adjusted earnings of 22 cents per share, ahead of analyst estimates of 11 cents per share.

Revenue declined 3.7% year over year to $796 million, narrowly missing the consensus estimate of $796.4 million.

Gross profit increased to $516 million from $495 million a year earlier. Gross margin expanded to 64.8% from 59.9%, helped by a $40 million reduction in cost of goods sold tied to expected refunds related to IEEPA tariffs.

Operating cash flow for fiscal 2026 totaled $197 million, while free cash flow reached $134 million.

Capri ended the quarter with $135 million in cash and $357 million in borrowings.

During the fourth quarter, the company repurchased about 4 million ordinary shares for $79 million through open-market transactions. As of March 28, 2026, approximately $921 million ...