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Update: Capri Shares Fall After 2027 Revenue Guidance Cut

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(Updates to add the company's latest stock move in the headline and the first paragraph.)

Capri (CPRI) shares were down 5.4% in Wednesday trading after the company issued weaker-than-expected fiscal Q2 guidance and lowered its fiscal 2027 revenue outlook.

The company reported quarterly adjusted earnings of $0.67 per diluted share, compared with $0.50 a year earlier.

Analysts surveyed by FactSet expected $0.40.

Revenue for the quarter ended June 27 was $769 million, down from $797 million a year earlier.

Analysts expected $756.3 million.

For fiscal Q2, the company expects adjusted diluted EPS of about $0.20 and revenue of about $780 million. Analysts expect $0.44 and $850.4 million, respectively.

For fiscal 2027, the company maintained its adjusted diluted EPS outlook of about $2.15. Analysts expect $2.12. Full-year revenue outlook is lowered to about $3.4 billion, from $3.53 billion previously. Analysts are looking for $3.51 billion.

Price: $15.62, Change: $-0.90, Percent Change: -5.45%

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