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

For the quarter, Capri Holdings posted adjusted earnings per share (EPS) of $0.50, far exceeding the IBES estimate of $0.13. The company's revenue came in at $797 million, surpassing the projected $793.1 million. Notably, Capri's adjusted net income reached $60 million, compared to the estimated $15.7 million, while adjusted operating income stood at $20 million, substantially higher than the expected $1.71 million.

These results demonstrate Capri Holdings' strong performance and resilience in a challenging market environment. The company's ability to surpass expectations across multiple financial metrics, including EPS, revenue, and operating income, has clearly resonated positively with investors, as reflected in the significant pre-market stock price increase.