Capri Holdings Ltd CPRI

Consumer DiscretionarySpecialty RetailersUnited Kingdom

Last close 20.05 USD on Nov 2, 2026, −17.8% year to date

Quant rating

Quant rating B Rank 49 of 297 in Consumer Discretionary

Growth C 159 of 297
Valuation C 190 of 297
Quality B 49 of 297
Revisions A 44 of 297
Momentum B 115 of 297

Wall Street consensus Buy (2.31)Average target 22.89 USD +14.2%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 2.1B
Enterprise value: 2.4B
52-week range: 12.41 – 28.27
3-year range: 12.41 – 51.05
Dividend yield: –
Beta (5 years): 1.29
Shares outstanding: 103M
Next earnings: Feb 4, 2027

About the company

Capri Holdings Limited is a global fashion luxury company, consisting of brands, such as Michael Kors and Jimmy Choo. Its Michael Kors segment includes the sale of Michael Kors products through four primary Michael Kors retail formats: Collection stores, Lifestyle stores (including concessions), outlet stores and e-commerce sites, through which it sells Michael Kors products, as well as licensed products bearing the Michael Kors name, directly to consumers throughout the Americas, certain parts of EMEA and certain parts of Asia. It also sells Michael Kors products directly to department stores, primarily located across the Americas and Europe, to specialty stores and travel retail shops, and to its geographic licensees. Its Jimmy Choo segment includes the sale of Jimmy Choo luxury footwear, handbags and small leather goods through directly operated Jimmy Choo retail and outlet stores throughout the Americas, certain parts of EMEA and certain parts of Asia, through its e-commerce sites.

Growth and profitability fiscal year ends March 31

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	3,474	3,621	4,140	5,619	5,654	–
Revenue growth	−4.1%	−12.5%	−26.3%	−0.6%	39.3%	−3.1%
EPS (basic, normalized)	1.50	0.84	3.50	6.13	6.21	–
EPS growth	78.6%	−76.0%	−42.9%	−1.3%	–	–
Gross margin	61.1%	62.2%	63.2%	66.1%	65.9%	63.7%
Net margin	2.3%	−14.6%	0.3%	11.0%	13.8%	2.5%
ROE	35.3%	−53.8%	0.8%	28.0%	33.0%	8.6%

Balance sheet, last quarter
Cash & short-term investments (mil)	125
Current ratio	1.18x
Long-term debt (mil)	442
Net debt (mil)	341
Total equity (mil)	65.0
Net debt / equity	5.25x
Net debt / EBITDA	1.43x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	3,474	−4.1%	0.7x	239	−16.0%	10.1x	1.50	+78.6%	13.4x
2027	3,417	−1.6%	0.7x	293	+22.5%	8.2x	2.18	+45.4%	9.2x
2028	3,501	+2.5%	0.7x	333	+13.6%	7.3x	2.55	+16.9%	7.9x
2029	3,606	+3.0%	0.7x	364	+9.5%	6.6x	3.09	+21.1%	6.5x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	3,417	+0.4%	−2.5%	−3.3%	2.18	+2.6%	+2.5%	+18.7%
2028	3,501	+0.4%	−2.9%	−4.2%	2.55	+2.2%	−1.0%	+12.1%
2029	3,606	+0.9%	−2.7%	−2.8%	3.09	+5.0%	+4.2%	−2.3%

Earnings surprises EPS beat in 3 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	1,223	1,067	1,079	1,261	1,035	797	856	1,025	796	769
Sales mean (mil)	1,295	1,157	1,179	1,257	987	793	826	1,004	796	753
Surprise	−5.6%	−7.8%	−8.5%	+0.3%	+4.9%	+0.5%	+3.7%	+2.1%	0.0%	+2.2%
EPS reported	0.42	0.04	0.65	0.45	−0.30	0.50	−0.03	0.81	0.22	0.67
EPS mean	0.65	0.59	0.75	0.66	−0.14	0.13	0.13	0.77	0.11	0.40
Surprise	−35.3%	−93.2%	−13.6%	−32.3%	−106.9%	+284.6%	−122.6%	+4.8%	+96.9%	+66.6%

Peer comparison Specialty Retailers

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
CPRI Capri Holdings Ltd	2.1B	1.43x	2.3%	31.88x	9.2x	7.9x	8.2x	7.3x
ROST Ross Stores Inc	73.7B	−1.02x	9.4%	10.93x	27.7x	25.6x	17.6x	16.7x
ULTA Ulta Beauty Inc	27.3B	0.07x	9.3%	10.32x	22.0x	19.8x	13.7x	13.0x
TPR Tapestry, Inc.	24.0B	0.56x	19.1%	34.97x	15.2x	13.6x	11.3x	10.6x
AS Amer Sports Inc	17.1B	0.35x	6.5%	2.49x	23.1x	18.7x	11.1x	9.4x
BURL Burlington Stores, Inc.	15.0B	0.94x	5.3%	7.49x	20.2x	17.5x	10.7x	9.5x
Mean		0.39x	8.6%	16.35x	19.6x	17.2x	12.1x	11.1x
Median		0.46x	7.9%	10.63x	21.1x	18.1x	11.2x	10.0x

Technical analysis

1M+38.9%
3M+25.9%
1Y−3.4%
3Y−60.5%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Capri Holdings Ltd, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	3,474	3,621	4,140	5,619	5,654	4,060
Cost of revenue	1,351	1,370	1,525	1,904	1,926	1,453
Gross profit	2,123	2,251	2,615	3,715	3,728	2,607
Selling, general & administrative expenses	1,964	2,012	2,112	2,728	2,541	1,994
Research & development	–	–	–	–	–	–
Depreciation/amortization	121	132	132	179	193	212
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	19.0	141	312	129	91.0	382
Other operating expenses	0	0	0	0	0	0
Operating income	19.0	−34.0	59.0	679	903	19.0
Net interest income (expense)	86.0	32.0	−43.0	−34.0	10.0	−23.0
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	2.0	0	5.0	3.0	2.0	7.0
Net income before taxes	107	−2.0	21.0	648	915	3.0
Provision for taxes	27.0	524	8.0	29.0	135	66.0
Minority interest	−1.0	−3.0	0	−3.0	−1.0	1.0
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	79.0	−529	13.0	616	779	−62.0
Extraordinary items	58.0	−653	−242	0	43.0	–
Net income	137	−1,182	−229	616	822	−62.0
EBIT, normalized	38.0	107	356	805	1,003	372
EBITDA, normalized	159	300	488	984	1,196	584
Basic EPS, normalized	1.50	0.84	3.50	6.13	6.21	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Capri Holdings Ltd, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	135	166	199	249	169	232
Receivables	280	285	340	379	451	386
Total inventory	581	869	862	1,057	1,096	736
Prepaid expenses	106	126	109	127	101	144
Other current assets	51.0	75.0	98.0	58.0	74.0	48.0
Total current assets	1,153	1,521	1,608	1,870	1,891	1,546
Property, plant & equipment	1,225	1,726	2,017	1,882	1,834	1,989
Goodwill	202	688	1,106	1,293	1,418	1,498
Intangibles	562	1,116	1,394	1,728	1,847	1,992
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	92.0	162	564	522	490	456
Total assets	3,234	5,213	6,689	7,295	7,480	7,481
Liabilities
Accounts payable	311	485	352	475	555	512
Payable/accrued	–	–	–	–	–	–
Accrued expenses	563	692	742	796	832	775
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	14.0	24.0	462	5.0	29.0	123
Other current liabilities	66.0	135	139	174	150	211
Total current liabilities	954	1,336	1,695	1,450	1,566	1,621
Long-term debt	343	1,476	1,261	1,822	1,131	1,219
Minority interest	4.0	4.0	1.0	1.0	−1.0	−1.0
Other liabilities	1,853	2,029	2,133	2,174	2,225	2,484
Total liabilities	3,154	4,845	5,090	5,447	4,921	5,323
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0	0	0	–	0	–
Additional paid-in capital	1,512	1,476	1,417	1,344	1,260	1,158
Retained earnings (accumulated deficit)	4,434	4,297	5,479	5,708	5,092	4,270
Treasury stock	−5,543	−5,462	−5,458	−5,351	−3,987	−3,326
Other equity	−323	57.0	161	147	194	56.0
Total equity	80.0	368	1,599	1,848	2,559	2,158
Total liabilities & shareholders' equity	3,234	5,213	6,689	7,295	7,480	7,481

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Capri Holdings Ltd, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	138	−1,179	−229	619	823	−63.0
Depreciation, depletion & amortization	121	193	188	179	193	212
Deferred taxes	−12.0	388	−187	−101	−57.0	−70.0
Non-cash items	−148	747	579	156	36.0	267
Changes in working capital	−22.0	132	−42.0	−82.0	−291	278
Cash from operations	77.0	281	309	771	704	624
Investing activities
Capital expenditures	−63.0	−128	−189	−226	−131	−111
Other investing cash flows	1,282	75.0	54.0	409	189	−13.0
Cash from investing	1,219	−53.0	−135	183	58.0	−124
Financing activities
Financing cash flow items	−1.0	−20.0	0	−5.0	31.0	−4.0
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−1,300	−222	−208	−771	−831	−866
Cash from financing	−1,301	−242	−208	−776	−800	−870
Foreign exchange effects	−25.0	−16.0	−17.0	−94.0	−24.0	12.0
Net change in cash	−30.0	−30.0	−51.0	84.0	−62.0	−358
Free cash flow	14.0	153	120	545	573	513

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.