Capri Holdings (CPRI)

NYSEConsumer DiscretionaryApparel - Footwear & AccessoriesSnapshot 2026-10-23

$15.87-3.00%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge Capri Holdings’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

-3.2%

+10% or more+5%0%−5%−10% or less

2.51 → 2.43 EPS · FY ending Mar 28, 2028 · 8 analysts

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

Change in the same fiscal period’s mean EPS estimate from Sep 24, 2026 to Oct 24, 2026: (new ÷ prior − 1). Contributor count changed from 8 to 8; this is not the number of analysts revising. Source: FMP consensus snapshots. The ±10% axis is a display range.

Measure / period	Management expectations	Analyst expectations
FY 2027 · Q2
Operating income	About $10M	—
FY 2027 · Q3
Revenue	—	1.02B
EPS	—	0.937
FY 2027 · Annual
Revenue	—	3.4B
EPS	—	2.113
Operating income	About $170M	—
FY 2028 · Annual
Revenue	—	3.48B
EPS	—	2.433

What the Thesis Depends On

4 published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Achieve 40% EPS growth in FY 2027	A primary condition in Capri Holdings's published investment case. The stated target is >=40% EPS growth in FY 2027.	Under Pressure	EPS growth falls below 20% in FY 2027	Diluted EPS growth: 36.36% FY2027-Q1; GAAP. Published target: >=40% EPS growth in FY 2027. Target period is not explicitly aligned with this observation. Source published Aug 5, 202636.363636 percent · calculatedSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2027-Q1 · Period ending Jun 27, 2026 Source: company_financial_results. Reference: 5bcb6362-0c19-4919-a26f-a2082cfcda1b. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 3 of last 3 quarters. Management maintained fiscal 2027 EPS outlook at approximately $2.15, representing 40% growth over prior year. The trajectory is delivering as adjusted diluted EPS improved from $0.22 in 2026-Q4 to $0.67 in 2027-Q1 on a non-GAAP basis, supporting the EPS growth commitment. Delivery assessment Oct 24, 2026
Resolve footwear segment issues to support growth	A supporting condition in Capri Holdings's published investment case. The stated target is Footwear segment stabilizes or improves by FY 2027.	Intact	Footwear segment problems worsen or persist beyond FY 2027	Qualitative condition This condition has no defined numerical measure. Context reviewed through Oct 23, 2026Last status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Expand gross margin by 200 basis points in FY 2027	Profit margins could improve with 200 bps gross margin expansion.	Improving	Gross margin expansion less than 100 bps in FY 2027	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Achieve low-single-digit revenue growth in FY 2027	Revenue should grow low single digits.	Under Pressure	Revenue growth falls below 0% in FY 2027	Revenue growth: -3.51% FY2027-Q1; GAAP. Published target: >=2% revenue growth in FY 2027. Target period is not explicitly aligned with this observation. Source published Aug 5, 2026-3.513174 percent · calculatedSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2027-Q1 · Period ending Jun 27, 2026 Source: company_financial_results. Reference: 5bcb6362-0c19-4919-a26f-a2082cfcda1b. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2028 · fiscal year ending 2028-03-28 · fmp

FY2028 EPS$2.43

$2.53 → $2.43 · observed estimates

FY2028 revenue$3.48B

$3.61B → $3.48B · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2028 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$2.53	$3,608,189,840	8 / 11
2026-07-25	$2.53	$3,608,189,840	8 / 11
2026-07-26	$2.53	$3,607,734,869	8 / 11
2026-07-27	$2.53	$3,607,734,869	8 / 11
2026-07-28	$2.53	$3,607,734,869	8 / 11
2026-07-29	$2.53	$3,607,734,869	8 / 11
2026-07-30	$2.53	$3,606,806,298	8 / 11
2026-07-31	$2.53	$3,606,806,298	8 / 11
2026-08-01	$2.53	$3,606,806,298	8 / 11
2026-08-02	$2.53	$3,606,806,298	8 / 11
2026-08-03	$2.54	$3,606,806,298	8 / 11
2026-08-04	$2.54	$3,606,806,298	8 / 11
2026-08-05	$2.54	$3,606,806,298	8 / 11
2026-08-06	$2.54	$3,606,806,298	8 / 11
2026-08-07	$2.53	$3,498,540,586	8 / 11
2026-08-08	$2.53	$3,498,540,586	8 / 11
2026-08-09	$2.53	$3,498,540,586	8 / 11
2026-08-10	$2.53	$3,498,540,586	8 / 11
2026-08-11	$2.53	$3,498,540,586	8 / 11
2026-08-12	$2.53	$3,498,540,586	8 / 11
2026-08-13	$2.53	$3,498,540,586	8 / 11
2026-08-14	$2.53	$3,498,540,586	8 / 11
2026-08-15	$2.53	$3,498,540,586	8 / 11
2026-08-16	$2.53	$3,498,540,586	8 / 11
2026-08-17	$2.53	$3,498,540,586	8 / 11
2026-08-18	$2.53	$3,498,540,586	8 / 11
2026-08-19	$2.53	$3,498,540,586	8 / 11
2026-08-20	$2.51	$3,488,376,301	8 / 11
2026-08-21	$2.51	$3,488,376,301	8 / 11
2026-08-22	$2.51	$3,488,376,301	8 / 11
2026-08-23	$2.51	$3,488,376,301	8 / 11
2026-08-24	$2.51	$3,488,376,301	8 / 11
2026-08-25	$2.51	$3,488,379,843	8 / 11
2026-08-26	$2.51	$3,488,379,843	8 / 11
2026-08-27	$2.51	$3,488,379,843	8 / 11
2026-08-28	$2.51	$3,488,379,843	8 / 11
2026-08-29	$2.51	$3,488,379,843	8 / 11
2026-08-30	$2.51	$3,488,379,843	8 / 11
2026-08-31	$2.51	$3,488,379,843	8 / 11
2026-09-01	$2.51	$3,488,379,843	8 / 11
2026-09-02	$2.51	$3,488,379,843	8 / 11
2026-09-03	$2.51	$3,488,379,843	8 / 11
2026-09-04	$2.51	$3,488,379,843	8 / 11
2026-09-05	$2.51	$3,488,379,843	8 / 11
2026-09-06	$2.51	$3,488,379,843	8 / 11
2026-09-07	$2.51	$3,488,379,843	8 / 11
2026-09-08	$2.51	$3,488,379,843	8 / 11
2026-09-09	$2.51	$3,488,379,843	8 / 11
2026-09-10	$2.51	$3,488,379,843	8 / 11
2026-09-11	$2.51	$3,488,379,843	8 / 11
2026-09-12	$2.51	$3,488,379,843	8 / 11
2026-09-13	$2.51	$3,488,379,843	8 / 11
2026-09-14	$2.51	$3,488,379,843	8 / 11
2026-09-15	$2.51	$3,488,353,065	8 / 11
2026-09-16	$2.51	$3,488,353,065	8 / 11
2026-09-17	$2.51	$3,488,353,065	8 / 11
2026-09-18	$2.51	$3,488,353,065	8 / 11
2026-09-19	$2.51	$3,488,353,065	8 / 11
2026-09-20	$2.51	$3,488,353,065	8 / 11
2026-09-21	$2.51	$3,488,353,065	8 / 11
2026-09-22	$2.51	$3,488,353,065	8 / 11
2026-09-23	$2.51	$3,488,353,065	8 / 11
2026-09-24	$2.51	$3,488,353,065	8 / 11
2026-09-25	$2.51	$3,488,353,065	8 / 11
2026-09-26	$2.51	$3,488,353,065	8 / 11
2026-09-27	$2.51	$3,488,353,065	8 / 11
2026-09-28	$2.51	$3,488,353,065	8 / 11
2026-09-29	$2.51	$3,488,353,065	8 / 11
2026-09-30	$2.51	$3,488,353,065	8 / 11
2026-10-01	$2.52	$3,488,353,065	8 / 11
2026-10-02	$2.52	$3,488,353,065	8 / 11
2026-10-03	$2.52	$3,488,353,065	8 / 11
2026-10-04	$2.52	$3,488,353,065	8 / 11
2026-10-05	$2.52	$3,488,353,065	8 / 11
2026-10-06	$2.52	$3,488,353,065	8 / 11
2026-10-07	$2.52	$3,488,353,065	8 / 11
2026-10-08	$2.52	$3,488,353,065	8 / 11
2026-10-09	$2.52	$3,488,353,065	8 / 11
2026-10-10	$2.52	$3,488,353,065	8 / 11
2026-10-11	$2.52	$3,488,353,065	8 / 11
2026-10-12	$2.52	$3,488,353,065	8 / 11
2026-10-13	$2.52	$3,488,353,065	8 / 11
2026-10-14	$2.52	$3,488,353,065	8 / 11
2026-10-15	$2.52	$3,488,353,065	8 / 11
2026-10-16	$2.52	$3,488,353,065	8 / 11
2026-10-17	$2.52	$3,488,353,065	8 / 11
2026-10-18	$2.52	$3,487,673,872	8 / 11
2026-10-19	$2.52	$3,487,673,872	8 / 11
2026-10-20	$2.52	$3,487,673,872	8 / 11
2026-10-21	$2.52	$3,487,673,872	8 / 11
2026-10-22	$2.44	$3,483,906,804	8 / 10
2026-10-23	$2.43	$3,483,906,804	8 / 10
2026-10-24	$2.43	$3,482,299,483	8 / 10

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold
2026-05-01	9	7
2026-06-01	9	7
2026-07-01	9	7
2026-08-01	9	8
2026-09-01	8	8
2026-10-01	9	8

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 9 Buy / Strong Buy · 8 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades0 maintains

Recent actions · Sep 25–Oct 24 · 0 recorded

Price-target changes

30 days

Individual price-target observations are unavailable.

0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Achieve 40% EPS growth in FY 2027Published status: Under Pressure
Resolve footwear segment issues to support growthQualitative condition
Expand gross margin by 200 basis points in FY 2027Direct metric needs a verified mapping
Achieve low-single-digit revenue growth in FY 2027Published status: Under Pressure

Next proof point

Oct 30, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

4 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

1.9%Typical daily move · historical

Downside history

-54.0%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Capri Holdings outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

This is a recovery and execution story rather than a steady compounder. The long-term thesis has shifted from mixed to mildly favorable, while the overall state remains watch because recent financial performance is still below its industry cohort.

What's priced into Capri Holdings

CPRI is described as cheap versus peers, with the valuation model showing a discount and expectations below its comparison point. The priced-in assessment is justified, with low fragility: weak execution quality is a concern, but the evidence does not show the full combination of expensive valuation, weak execution, and turbulence.

What the fundamentals likely do

Near term, execution is mixed: management maintained its fiscal 2027 adjusted EPS outlook of approximately $2.15, and adjusted diluted EPS rose from $0.22 in 2026-Q4 to $0.67 in 2027-Q1. Jimmy Choo revenue and operating income also improved, while the goal of returning to low-single-digit revenue growth remains on watch. Recent earnings included a beat, but surprise history is erratic and risk is elevated, so a guidance cut would be a meaningful setback.

What Capri Holdings hinges on

Over the next few quarters, the thesis depends on CPRI sustaining its fiscal 2027 earnings progress and making progress toward low-single-digit revenue growth. Jimmy Choo’s growth and profitability are another execution test. Sector signals matter too: continued strength from NKE, DECK, and CROX could support the backdrop, while misses or lower guidance could weaken it.