Capri Holdings reported lower revenue for its second quarter of fiscal 2027, but said results exceeded expectations and raised its full-year outlook. The company pointed to improving monthly trends at Michael Kors and Jimmy Choo, its continuing luxury brands, and expects total-company revenue to return to growth in the second half of the fiscal year.
- Revenue: Capri generated $809 million from continuing operations in the quarter ended September 26, down 5.5% from a year earlier, or 4.9% excluding currency effects.
- Profitability and earnings: Operating margin was 1.2%; on an adjusted basis, it was 3.8%. Earnings per share were 25 cents, compared with adjusted earnings per share of 42 cents.
- Outlook: Capri raised its full-year outlook and continues to expect revenue growth in the second half of fiscal 2027. It cited new collections, higher marketing investment and efforts to improve the customer experience as support for that outlook.
- Brand trends: CEO John Idol said trends improved sequentially in each month of the quarter at both Michael Kors and Jimmy Choo. He credited work on product assortments, brand appeal and consumer engagement.
- Versace excluded from these results: Capri sold its Versace business to Prada in December 2025 and reports it as a discontinued operation. The results above therefore reflect Capri’s continuing operations, not Versace.
Revenue was still below the year-earlier level, while the company’s comments point to improving trends within its continuing brands. The reported and adjusted margin and earnings figures are separate measures; the release provides both but does not specify the revised full-year outlook figures in the results details presented here.