Shares of Capri Holdings Ltd (CPRI) surged 5.77% in pre-market trading on Wednesday following the release of its impressive first-quarter fiscal 2026 results. The luxury fashion group, which owns brands such as Michael Kors, Versace, and Jimmy Choo, significantly outperformed analysts' expectations across key financial metrics.

Capri Holdings reported adjusted earnings per share (EPS) of $0.50, substantially surpassing the IBES estimate of $0.13. The company's revenue for the quarter came in at $797 million, also beating the Street's forecast of $793.1 million. Net income stood at $56 million, with adjusted net income reaching $60 million, far exceeding the IBES estimate of $15.7 million.

The strong performance was further underscored by the company's adjusted operating income of $20 million, which dwarfed the IBES estimate of $1.71 million. Capri Holdings achieved an adjusted operating margin of 2.5% for the quarter, demonstrating its ability to maintain profitability in a challenging retail environment. These results highlight the company's resilience and effective strategic execution, likely fueling investor optimism and driving the stock's pre-market rally.