Capri Holdings: Fiscal Q2 Earnings Snapshot – WTOP News
Capri said improved margins and stronger demand at Michael Kors and Jimmy Choo helped lift adjusted earnings to 42 cents a share.
- On Friday, October 30, 2026, luxury group Capri Holdings Limited reported second-quarter fiscal 2027 revenue of $809 million, with shares jumping over 19% as the company raised full-year guidance.
- Michael Kors revenue fell 8.6% to $663 million as shoppers remained selective about discretionary purchases, while Jimmy Choo revenue rose 12.2% to $146 million, providing contrast in brand performance.
- Adjusted net income reached $45 million, or $0.42 per diluted share, surpassing analyst estimates of 21 cents. The company repurchased $150 million in ordinary shares, leaving $721 million available under its program.
- Capri now anticipates full-year revenue of approximately $3.42 billion and earnings of $2.20 per share, above prior guidance. Chairman and Chief Executive Officer John Idol stated, "We remain confident in our ability to deliver sustainable growth."
- Guggenheim Securities analyst Simeon Siegel noted the guidance could improve sentiment among investors who had put Capri in the "out of sight, out of mind" bucket. Revenue is expected to return to growth in the fourth quarter, driven by holiday demand and marketing.
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Capri (NYSE:CPRI) Posts Quarterly Earnings Results, Beats Expectations By $0.21 EPS
Capri (NYSE:CPRI - Get Free Report) announced its earnings results on Friday. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.21. Capri had a net margin of 4.44% and a return on equity of 297.36%. The company had revenue of $809.00 million for the quarter, compared to analysts' expectations of $786.55 million. During the same quarter in the previous year, the company posted ($0.0…
Michael Kors owner Capri soars after raising annual forecasts
By Koyena Das Oct 30 (Reuters) - Capri Holdings' shares jumped over 19% on Friday after the luxury group raised its annual revenue and profit forecasts and said it expected sales to return to growth, helped by new collections and increased marketing....
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