Capri Holdings Limited: Beat — EPS $0.42, Revenue $809M
Earnings BeatQ2 2027 · Pre-market
Did Capri Holdings Limited (CPRI) beat earnings today?
Yes, Capri Holdings Limited (CPRI) beat Wall Street analyst expectations for Q2 2027, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+100.00% surprise
$0.42Actual
Expected: $0.21
vs. year ago +1500.0%
Total Revenue+3.62% surprise
$809MActual
Expected: $780.72M
vs. year ago -5.5%
Released Oct 30 · 7:00 AM ET
Earning Report
| Metric | Q2 FY27 | Q2 FY26 | YoY Change % |
|---|---|---|---|
| Revenue | $809.00M | $856.00M | -5.5 |
| Revenue detail — reported lines | |||
| └─Michael Kors Revenue | $663.00M | $725.00M | -8.6 |
| └─Jimmy Choo Revenue | $146.00M | $131.00M | +11.5 |
| └─Michael Kors Americas | $405.00M | $457.00M | -11.4 |
| └─Michael Kors EMEA | $185.00M | $194.00M | -4.6 |
| └─Michael Kors Asia | $73.00M | $74.00M | -1.4 |
| └─Jimmy Choo Americas | $42.00M | $34.00M | +23.5 |
| └─Jimmy Choo EMEA | $76.00M | $67.00M | +13.4 |
| └─Jimmy Choo Asia | $28.00M | $30.00M | -6.7 |
| └─Capri Americas | $447.00M | $491.00M | -9.0 |
| └─Capri EMEA | $261.00M | $261.00M | +0.0 |
| └─Capri Asia | $101.00M | $104.00M | -2.9 |
| Net Income | $27.00M | $(28)M | - |
| GAAP Basic EPS | $0.25 | $(0.28) | - |
| GAAP Diluted EPS | $0.25 | $(0.28) | - |
| Adj. Diluted EPS | $0.42 | $(0.03) | - |
Financial Outlook / Guidance
| Metric | Q3 FY27 Outlook | Expected | FY27 Outlook | Expected |
|---|---|---|---|---|
| Capri Total Revenue | ~$1.005B | $1.02BMissed -1.47% | ~$3.42B | $3.4BBeat +0.59% |
| Capri Operating Income | ~$90M | — | ~$175M | — |
| Capri Net Interest and Other Income | ~$25M | — | ~$100M | — |
| Capri Diluted Shares | ~103M | — | ~108M | — |
| Capri Diluted EPS | ~$0.95 | $0.95In-Line 0.00% | ~$2.20 | $2.12Beat +3.77% |
| Michael Kors Total Revenue | ~$830M | — | ~$2.77B | — |
| Michael Kors Operating Margin | mid-teens% | — | low-double-digit% | — |
| Jimmy Choo Total Revenue | ~$175M | — | ~$650M | — |
| Jimmy Choo Operating Margin | low-to-mid-single-digit% | — | low-single-digit% | — |
Business Highlights
- ➤Completed the sale of the Versace business on December 2, 2025.
- ➤Trends improved sequentially each month at Michael Kors and Jimmy Choo.
- ➤Sharpened product assortments at both luxury houses.
- ➤Advanced initiatives to elevate brand desirability and consumer engagement.
- ➤Plans feature new collections and increased marketing investments.
- ➤Focus remains on elevating the consumer experience.
- ➤Repurchased approximately 10.3 million ordinary shares in open-market transactions.
- ➤Retained $721 million of share-repurchase authorization availability.
- ➤Operated 860 retail stores across Michael Kors and Jimmy Choo at quarter-end.
Management Commentary
John D. Idol, Chairman and Chief Executive Officer
“We are encouraged by the momentum building at both Michael Kors and Jimmy Choo. Throughout the second quarter, trends improved sequentially each month across both of our luxury houses, reflecting the actions we have taken to sharpen our product assortments, elevate brand desirability and strengthen consumer engagement. We are pleased with the progress we are seeing and believe these initiatives are beginning to position our brands for sustainable growth.”
John D. Idol, Chairman and Chief Executive Officer
“Looking ahead, we continue to expect total company revenue to return to growth in the second half of fiscal 2027, supported by exciting new collections, increased marketing investments and our focus on elevating the consumer experience. As these efforts continue to gain traction, we remain confident in our ability to deliver sustainable growth and create meaningful value for shareholders over time.”