Capri Holdings Q2 Revenue Falls 5.5%; Adjusted EPS Reaches $0.42
Capri Holdings reported Q2 revenue of $809M, down 5.5% YoY, with net income of $27M. Gross margin rose to 63.3%, and adjusted EPS was $0.42. The company raised its full-year outlook, expecting revenue growth in the second half of fiscal 2027, citing improved trends at Michael Kors and Jimmy Choo.
How this was made

The 30-second read
Why it matters
The earnings beat and guidance raise suggest short‑term upside, but revenue contraction warrants watch on future quarters.
Market read
First‑report earnings with improved profit and guidance provide a fresh trading catalyst for CPRI.
What to watch
Early wholesale shipments and higher marketing spend may not translate into sustained growth.
Background
Capri Holdings (CPRI) is a global luxury fashion company owning Michael Kors, Jimmy Choo and Versace.
Ticker impact
Capri Holdings reported Q2 FY2027 revenue of $809M (down 5.5%) and raised full-year outlook, with adjusted EPS of $0.42 and a $10.3M share repurchase.
likely upward pressure as market prices in the improved guidance and buyback
First‑report earnings with better-than‑expected profit, raised guidance and a sizable share repurchase provide a clear catalyst.
Market effects
Improved performance may benefit the luxury apparel sector, signaling resilience despite modest revenue dip.
North American luxury market may see modest uplift.
Limited to investors tracking consumer discretionary earnings.
Counterpoint
Revenue decline could signal weakening demand; investors may remain cautious despite the buyback.
Key entities
- CompanyCapri Holdings
Parent of Michael Kors, Jimmy Choo, Versace




