Capri (CPRI) Q4 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Wed, May 27, 2026 astatine 11:55 AM CDT 55 min read

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DATE

Wednesday, May 27, 2026 astatine 8:30 a.m. ET

CALL PARTICIPANTS

• Chairman and Chief Executive Officer — John Idol

• Chief Financial and Chief Operating Officer — Tyler Reddien

• Chief Financial Officer, Michael Kors and Former Interim Chief Financial Officer — Raj Mehta

Full Conference Call Transcript

Jennifer Davis: Good morning, everyone, and convey you for joining america connected Capri Holdings Limited's Fourth Quarter and Full Year Fiscal 2026 Conference Call. With maine this greeting are John Idol, Capri's Chairman and Chief Executive Officer; Tyler Reddien, Capri's Chief Financial and Chief Operating Officer; and Raj Mehta, Michael Kors Chief Financial Officer; and Capri Former, Interim Chief Financial Officer. Before we begin, fto maine punctual you that definite statements made connected today's telephone whitethorn represent forward-looking statements, which are taxable to risks and uncertainties that could origin existent results to disagree from those we expect. Those risks and uncertainties are described successful today's property merchandise and successful the company's SEC filings, which are disposable connected the company's website.

Investors should not presume that the statements made during this telephone volition stay operative astatine a aboriginal time, and the institution undertakes nary work to update immoderate accusation discussed connected today's call. Unless different noted, each fiscal accusation connected today's telephone volition beryllium presented connected a non-GAAP basis. These non-GAAP measures exclude definite costs associated with impairment charges, store inhibition program costs, merger and divestiture transaction-related costs, Capri translation costs, reserves related to a wholesale lawsuit bankruptcy arsenic good arsenic restructuring and different charges. To presumption the corresponding GAAP measures and related reconciliation, delight reappraisal our latest net merchandise posted to our website earlier contiguous astatine capriholdings.com.

Additionally, the institution has classified the results of operations and currency flows of its Versace concern arsenic discontinued operations. Unless different noted, each accusation connected today's telephone relates lone to continuing operations. Now I would similar to crook the telephone implicit to Mr. John Idol, Chairman and Chief Executive Officer. John?

John Idol: Thank you, Jennifer, and bully morning, everyone. I would similar to statesman by welcoming Tyler Reddien to Capri Holdings. As Tyler joined pursuing the extremity of our 4th quarter, Raj Mehta volition reappraisal our 4th fourth results and guidance connected today's call. Tyler volition contiguous and reappraisal our results connected [indiscernible]. I volition present crook it implicit to Tyler for a fewer opening remarks.