Capri Holdings Limited — Second Quarter Fiscal 2027 Earnings Summary

Capri Holdings Limited reported second quarter fiscal 2027 results with total revenue of $809 million, a 5.5% decrease from the prior year, while operating income turned positive at $10 million. The company's Michael Kors brand saw revenue decline 8.6% to $663 million, whereas Jimmy Choo revenue grew 11.5% to $146 million, driven by improved sell-throughs and lower tariff rates. Net income for the quarter was $27 million, or $0.25 per diluted share, compared to a net loss in the previous year, with adjusted earnings per share reaching $0.42. Capri Holdings increased its full-year fiscal 2027 revenue outlook to approximately $3.42 billion and expects diluted earnings per share of $2.20.