Capri Holdings Narrows Q4 Loss as Turnaround Gains Traction

Capri Holdings Ltd (CPRI) reported a smaller fiscal fourth-quarter loss on Wednesday, as cost cuts and improved margins bolstered the luxury fashion group’s turnaround. For the three months ended March 28, 2026, the company posted a net loss of $12 million, or 8 cents per share, compared with a loss of $68 million, or 46 cents per share, a year earlier. Adjusted earnings of 12 cents per share beat the 6-cent analyst consensus. Revenue slipped 1.2% to $1.21 billion, slightly above Wall Street forecasts. CEO John Idol said the owner of Versace, Jimmy Choo and Michael Kors is reducing promotional activity and streamlining operations. Shares rose 4.3% in premarket trading.