Capri Holdings (CPRI) Earnings: Q2 Fiscal 2027 Results

The quarter ended September 26, 2026 and Capri Holdings published the results on October 30, 2026. Revenue and diluted EPS are shown against Q2 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison. Capri Holdings reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted diluted EPS, continuing operations, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Capri sold Versace to Prada on December 2, 2025, and reports it as discontinued operations for all periods. EPS and net income on this page are from continuing operations. Including discontinued operations, year-ago diluted EPS was -$0.22 and net loss attributable to Capri was $28 million.
• Capri's fiscal year ends in late March or early April. Q2 fiscal 2027 is the 13 weeks ended September 26, 2026.

Source: Capri Holdings Q2 fiscal 2027 results, October 30, 2026. Also in the Form 10-Q for the quarter ended September 26, 2026. Figures as reported; checked against the release on November 10, 2026.

How Capri Holdings splits revenue in its own release, under its own labels, for Q2 fiscal 2027 against Q2 fiscal 2026. Indented lines are parts of the line above them.

• Capri Holdings's Michael Kors revenue was $663 million in Q2 fiscal 2027, down 9% from $725 million in Q2 fiscal 2026, 82% of total revenue.
• Capri Holdings's Jimmy Choo revenue was $146 million in Q2 fiscal 2027, up 11% from $131 million in Q2 fiscal 2026, 18% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Capri gives its outlook on an adjusted, non-GAAP basis. For fiscal 2027 it now expects total revenue of approximately $3.42 billion, operating income of approximately $175 million and diluted EPS of approximately $2.20; for Q3 fiscal 2027, operating income of approximately $90 million and diluted EPS of approximately $0.95.

In its Q2 fiscal 2027 release, Capri Holdings said:

“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.”

“Guidance continues to assume an incremental 10% tariff rate on imports into the United States through July 24, 2026 and 10% to 12.5% thereafter.”

“Total revenue of approximately $1.005 billion. This outlook includes the impact of $20 million of wholesale shipments that shifted out of the third quarter into the second quarter.”

Source: Capri Holdings Q2 fiscal 2027 release, Oct 30, 2026.

This is the company's own guidance as of Oct 30, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the CPRI forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Revenue and diluted EPS from continuing operations (excluding Versace), each as first reported in that quarter's release.

We do not hold a confirmed date for Capri Holdings's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q2 fiscal 2027 (this page), reported Oct 30, 2026

Capri Holdings now owns two luxury houses, Michael Kors and Jimmy Choo, after completing the sale of Versace to Prada on December 2, 2025. In Q2 fiscal 2027 Michael Kors brought in $663 million of the $809 million total and Jimmy Choo $146 million. Total revenue fell 5.5% from $856 million, and 4.9% in constant currency. (Capri Holdings Q2 fiscal 2027 release, Oct 30, 2026)

Michael Kors revenue fell 8.6%, or 8.0% in constant currency, which Capri attributed to its quality of sale initiatives, with less promotional activity than a year earlier, and to inventory delays that constrained product availability. Jimmy Choo revenue rose 11.5%, or 12.2% in constant currency, with growth across all channels. (Capri Holdings Form 10-Q, Q2 fiscal 2027, Oct 30, 2026; Capri Holdings Q2 fiscal 2027 release, Oct 30, 2026)

By region, Capri's Americas revenue was $447 million, against $491 million, EMEA $261 million, level with a year earlier, and Asia $101 million, against $104 million. Michael Kors in the Americas accounted for most of the decline, falling to $405 million from $457 million. (Capri Holdings Q2 fiscal 2027 release, Oct 30, 2026)

About $20 million of Capri's Q2 revenue came from wholesale shipments that went out earlier than anticipated: $15 million at Michael Kors and $5 million at Jimmy Choo. The company says those shipments shifted out of the third quarter. Capri sells through its own stores and e-commerce sites, wholesale to department stores, specialty stores and travel retail shops, and licensing, and had 860 retail stores at September 26, 2026, against 907 a year earlier. (Capri Holdings Q2 fiscal 2027 release, Oct 30, 2026; Capri Holdings Form 10-Q, Q2 fiscal 2027, Oct 30, 2026)

Capri's gross margin rose to 63.3% from 61.0%, which it attributed to higher full-price sell-throughs, brand mix and lower tariff rates than in Q2 fiscal 2026. Michael Kors gross margin was 61.5% and Jimmy Choo 71.2%. (Capri Holdings Q2 fiscal 2027 release, Oct 30, 2026)

Capri Holdings' diluted EPS from continuing operations was $0.25 in Q2 fiscal 2027, against a loss of $0.28 a year earlier, and adjusted EPS was $0.42, against a loss of $0.03. The adjustments added back $21 million of operating items: impairment charges of $12 million, transaction related costs of $4 million (mainly the transition services agreement tied to the Versace sale), store renovation costs of $2 million, Capri transformation costs of $2 million and restructuring of $1 million. (Capri Holdings Q2 fiscal 2027 release, Oct 30, 2026)

The effective tax rate was 38.6% in the quarter, which Capri attributed mainly to incremental valuation allowances and uncertain tax provisions. Interest income, net was $31 million, against $17 million. Net debt was $336 million at September 26, 2026, against $1.6 billion a year earlier. (Capri Holdings Form 10-Q, Q2 fiscal 2027, Oct 30, 2026; Capri Holdings Q2 fiscal 2027 release, Oct 30, 2026)

Capri spent $150 million in the quarter to repurchase about 10.3 million shares at an average cost of about $14.56, and had $721 million left under its program. Diluted weighted average shares were 110,361,808, against 119,786,829, and 103,349,507 shares were outstanding at September 26, 2026. (Capri Holdings Q2 fiscal 2027 release, Oct 30, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Capri Holdings gives quarterly and full-year outlooks in its release, on an adjusted basis, and increased its fiscal 2027 outlook with Q2 results. It now expects total revenue of approximately $3.42 billion, operating income of approximately $175 million and diluted EPS of approximately $2.20, assuming an incremental 10% U.S. tariff rate on imports through July 24, 2026 and 10% to 12.5% thereafter. (Capri Holdings Q2 fiscal 2027 release, Oct 30, 2026)

For Q3 fiscal 2027 Capri expects total revenue of approximately $1.005 billion, including the effect of the $20 million of wholesale shipments that moved into Q2, operating income of approximately $90 million and diluted EPS of approximately $0.95. It expects Michael Kors revenue of approximately $830 million and Jimmy Choo revenue of approximately $175 million. (Capri Holdings Q2 fiscal 2027 release, Oct 30, 2026)

A consensus figure is the average of the models published by the analysts who cover Capri Holdings, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Capri Holdings's own release and filings put weight on for Q2 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning CPRI is on is CPRI a buy or a sell?, what analysts expect next is on the CPRI forecast, and what the company does is on the Capri Holdings (CPRI) stock page.

Every number on this page can be traced to a document Capri Holdings published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.