Capri raises fiscal 2027 outlook after mixed second-quarter results
Capri Holdings reported fiscal second-quarter adjusted EPS of $0.42 on revenue of $809M, while Jimmy Choo revenue increased 11.5% and Michael Kors revenue declined 8.6%. The company raised its fiscal 2027 outlook, including approximately $3.42 billion of revenue and $2.20 of EPS, citing sequential improvement in its brands. Capri also repurchased $150 million of shares during the quarter and increased its fiscal 2027 buyback authorization to $300 million.
Why it matters
The higher outlook and buyback authorization improve the expected earnings and capital-return profile for Capri shareholders. Michael Kors' sales decline, inventory delays and continuing currency and tariff pressures remain execution risks, while Jimmy Choo's expected return to profitability could support the recovery.
Key facts
- 1Capri reported adjusted EPS of $0.42 on revenue of $809M for the fiscal second quarter. finance.yahoo.com
- 2The company raised fiscal 2027 revenue guidance to $3.42B and said Jimmy Choo should return to profitability in fiscal 2027. finance.yahoo.com
- 3Jimmy Choo revenue grew 11.5%, while Michael Kors revenue fell 8.6% because of inventory delays and reduced markdown inventory. finance.yahoo.com
- 4Capri's gross margin expanded 230 basis points to 63.3%. finance.yahoo.com
- 5Capri repurchased $150 million of shares during the quarter and increased its fiscal 2027 buyback authorization to $300 million. finance.yahoo.com
- 6The company raised its full-year EPS forecast to $2.20. finance.yahoo.com
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.