How much did Capri spend on buybacks in Q1 FY2027?

Capri spent $50 million to repurchase approximately 2.6 million shares at an average price of $19.31 per share during the first quarter ended June 27, 2026. The repurchases were executed in open-market transactions under the company's existing share repurchase program.

How much authorization remains under Capri's current buyback program?

As of June 27, 2026, Capri had $871 million in remaining availability under its share repurchase program. This represents substantial capacity for future repurchases over the coming quarters.

Does Capri's buyback offset share dilution from employee compensation?

Yes. Capri's weighted-average diluted shares outstanding decreased to 116 million in Q1 FY2027 from 119 million in the prior-year quarter, demonstrating that buyback activity is offsetting dilution from equity awards and helping reduce the share count over time.

Why did Capri expand its financial flexibility for buybacks in 2026?

Capri completed the sale of its Versace business to Prada in December 2025, which significantly strengthened its balance sheet. Net debt declined to $224 million as of June 27, 2026, from $1.5 billion a year earlier, providing greater capital resources to execute both operational investments and shareholder-return programs like buybacks.

Does Capri's Q1 buyback activity affect its full-year earnings guidance?

Capri's revised FY2027 EPS guidance of $2.15 (up 40% year-over-year) incorporates the modest level of share repurchase activity as one of several factors, but primary drivers of earnings growth are operational improvements and cost-reduction actions, not buyback-related accretion alone.

CPRI 8-K Filed 2026-08-05 Execution disclosure

Capri Holdings repurchased 2.6M shares at $19.31 avg in Q1 FY2027

$50M spent in open-market transactions; $871M remains under current program authorization

Shares repurchased2.6M

Avg price paid$19.31

Remaining$871M

MechanismRule 10b-18 open-market purcha

What the filing says

Capri Holdings Limited executed share repurchases during its first quarter of fiscal 2027 ended June 27, 2026, spending $50 million to repurchase approximately 2.6 million ordinary shares in open-market transactions at an average price of $19.31 per share. The repurchases were conducted under the company's existing share repurchase program.

As of June 27, 2026, the company had $871 million in remaining authorization under its current share repurchase program. The repurchase activity was disclosed in the company's quarterly earnings announcement filed as an 8-K exhibit on August 5, 2026.

The buyback occurs as Capri Holdings manages its capital structure following the December 2025 completion of its sale of the Versace business to Prada. The company's net debt position improved significantly to $224 million as of the quarter-end, down from $1.5 billion a year earlier, providing greater financial flexibility for shareholder returns alongside ongoing business investments.

During the fiscal first quarter, the Company spent $50 million to repurchase approximately 2.6 million ordinary shares in open market transactions at an average cost of approximately $19.31 per share. As of June 27, 2026 the remaining availability under the Company's share repurchase program was $871 million. — Capri Holdings Ltd 8-K filing · View on SEC EDGAR →

What this means

Capri's $50 million first-quarter buyback represents a modest execution of its existing repurchase authorization, retiring roughly 2.3% of the shares outstanding at quarter-end (113.6 million shares). The $871 million remaining authorization provides substantial capacity for future repurchases. With weighted-average diluted shares of approximately 116 million in Q1 FY2027 versus 119 million a year prior, buyback activity is modestly offsetting new share issuance from equity compensation. The reduced share count supports the company's revised full-year FY2027 EPS guidance of $2.15, though primary growth drivers remain operational performance and cost management.

Frequently asked questions

How much did Capri spend on buybacks in Q1 FY2027?: Capri spent $50 million to repurchase approximately 2.6 million shares at an average price of $19.31 per share during the first quarter ended June 27, 2026. The repurchases were executed in open-market transactions under the company's existing share repurchase program.
How much authorization remains under Capri's current buyback program?: As of June 27, 2026, Capri had $871 million in remaining availability under its share repurchase program. This represents substantial capacity for future repurchases over the coming quarters.
Does Capri's buyback offset share dilution from employee compensation?: Yes. Capri's weighted-average diluted shares outstanding decreased to 116 million in Q1 FY2027 from 119 million in the prior-year quarter, demonstrating that buyback activity is offsetting dilution from equity awards and helping reduce the share count over time.
Why did Capri expand its financial flexibility for buybacks in 2026?: Capri completed the sale of its Versace business to Prada in December 2025, which significantly strengthened its balance sheet. Net debt declined to $224 million as of June 27, 2026, from $1.5 billion a year earlier, providing greater capital resources to execute both operational investments and shareholder-return programs like buybacks.
Does Capri's Q1 buyback activity affect its full-year earnings guidance?: Capri's revised FY2027 EPS guidance of $2.15 (up 40% year-over-year) incorporates the modest level of share repurchase activity as one of several factors, but primary drivers of earnings growth are operational improvements and cost-reduction actions, not buyback-related accretion alone.

execution open-market q1-fy2027 luxury-retail mega-cap

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.