Earnings Releases·Oct 30, 2026, 7:03 AM ET

Capri Holdings Limited — Second Quarter Fiscal 2027 Earnings Summary

Total revenue decreased 5.5% year-over-year to $809 million, while net income turned positive at $27 million ($0.25/share) compared to a $34 million loss in the prior year, driven by a 230 basis point gross margin expansion to 63.3%.
The company provided full-year Fiscal 2027 guidance of $3.42 billion revenue and $175 million operating income, with adjusted EPS expected at $2.20, assuming 10% to 12.5% tariff rates on U.S. imports.
Michael Kors revenue declined 8.6% to $663 million, whereas Jimmy Choo revenue grew 11.5% to $146 million, with both brands showing improved sequential monthly trends and operating margins.
Capital return activity included $150 million in share repurchases (10.3 million shares), while net debt decreased significantly to $336 million from $1.6 billion the prior year.
Management expects total company revenue to return to growth in the second half of Fiscal 2027, supported by new collections and marketing investments, following the December 2025 sale of the Versace business.