Capri Holdings Limited CPRI is benefiting from stronger consumer engagement across Michael Kors and Jimmy Choo. In the first quarter of fiscal 2027, Michael Kors’ global consumer database increased 8% year over year, while Jimmy Choo’s rose 7%. The gains reflect targeted brand-building initiatives designed to expand reach and deepen customer connections.
Michael Kors reinforced its modern jet-set positioning through immersive storytelling, global events and destination-driven experiences. A Saint-Tropez Hotel Stories activation featuring 14 global influencers generated more than 100 million impressions. Met Gala appearances elevated brand awareness and desirability, while Capri’s analytics capabilities are helping create more personalized consumer connections.
Jimmy Choo’s marketing efforts delivered measurable results. Its Natural Reflection campaign showcased new hero products, while a Nice influencer trip involving 16 content creators generated nearly 50 million impressions. Curated events tied to limited-edition Bon Bon bags drove a 40% increase in very important client sales, supporting database growth.
Product innovation is reinforcing this engagement. Michael Kors’ Hamilton, Laila and Nolita handbags performed well, with smaller silhouettes helping attract younger customers. Jimmy Choo posted double-digit accessories growth, led by Bon Bon and Cinch, while newer Bar and Curve groups broadened its reach. Expanding casual footwear offers another avenue to increase purchase frequency.
Encouraging engagement trends accompanied better-than-expected profitability. Capri’s first-quarter revenues declined 3.5% to $769 million, but adjusted operating income increased about 40% to $28 million and adjusted earnings rose approximately 30% to 67 cents per share. Management expects fiscal 2027 revenues of roughly $3.4 billion and adjusted earnings of about $2.15 per share. Converting database growth into sustained sales remains central to Capri’s recovery.
CPRI’s Price Performance, Valuation & Estimates
Shares of Capri Holdings have lost 26% over the past six months compared with the industry’s 9.5% decline.
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From a valuation standpoint, CPRI trades at a forward price-to-earnings ratio of 5.89, below the industry’s average of 12.73. It has a Value Score of A.
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The Zacks Consensus Estimate for Capri Holdings’ fiscal 2027 earnings implies year-over-year growth of 40.7%, whereas the same for fiscal 2028 indicates an uptick of 21%. Earnings estimates for fiscal 2027 and 2028 have been decreased by 2 cents and remained unchanged, respectively, over the past 30 days.
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CPRI’s Zacks Rank & Key Picks
Capri Holdings currently carries a Zacks Rank #3 (Hold).
FIGS, Inc. FIGS is an apparel company focused on the healthcare industry. Its offerings include lab coats, jackets, footwear, bags, socks and other accessories used by healthcare professionals. The company carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for FIGS’ current financial-year earnings and sales suggests growth of 89.5% and 18.2%, respectively, from the year-ago actuals. FIGS delivered a trailing four-quarter average earnings surprise of 201.8%.
Boot Barn Holdings, Inc. BOOT is the largest lifestyle retailer in the United States, specializing in western and work-related footwear, apparel and accessories. The company also holds a Zacks Rank #2 at present.
The Zacks Consensus Estimate for Boot Barn’s current fiscal-year earnings and sales suggests growth of 22.6% and 15.7%, respectively, from the year-ago actuals. BOOT delivered a trailing four-quarter average earnings surprise of 11.4%.
Fossil Group, Inc. FOSL is involved in designing, marketing and distributing consumer fashion accessories. It also carries a Zacks Rank #2.
The Zacks Consensus Estimate for Fossil Group’s current fiscal-year earnings suggests growth of 96.7% from the year-ago actuals. FOSL delivered a trailing four-quarter average negative earnings surprise of 236.2%.
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Capri Holdings Limited (CPRI): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).