Capri Holdings Limited filed its Form 10-Q with the Securities and Exchange Commission on October 30, 2026, covering the quarterly period ended September 26, 2026, reporting total revenue of $809 million and net income attributable to Capri of $27 million for the second fiscal quarter.

Key Highlights

  • Total revenue: $809 million for the three months ended September 26, 2026, down from $856 million in the comparable prior-year period.
  • Net income attributable to Capri: $27 million for the quarter, compared to a net loss attributable to Capri of $28 million in the three months ended September 27, 2025.
  • Six-month revenue: $1,578 million for the six months ended September 26, 2026, versus $1,653 million in the prior-year six-month period.
  • Gross profit: $512 million for the quarter, compared to $522 million in the prior-year quarter, with cost of goods sold of $297 million versus $334 million.
  • Total assets: $3,273 million as of September 26, 2026, compared to $3,234 million as of March 28, 2026.
  • Long-term debt: $442 million as of September 26, 2026, up from $343 million at March 28, 2026.
  • Shares outstanding: 103,349,705 ordinary shares outstanding as of October 27, 2026, per the filing.

Capri Holdings Second Quarter Results: Revenue Decline and Return to Profitability

According to the filing, Capri Holdings Limited (NYSE:CPRI) reported total revenue of $809 million for the three months ended September 26, 2026, a decrease from $856 million in the three months ended September 27, 2025. Gross profit for the quarter was $512 million, down from $522 million in the prior-year period. The company disclosed selling, general and administrative expenses of $459 million and impairment of assets of $12 million for the quarter, compared to $481 million and $21 million, respectively, in the prior-year quarter. Income from continuing operations was $10 million for the three months ended September 26, 2026, versus a loss of $12 million in the comparable prior-year period.

The filing reported net income attributable to Capri of $27 million for the second quarter, reversing the net loss attributable to Capri of $28 million recorded in the three months ended September 27, 2025. For the six months ended September 26, 2026, net income attributable to Capri was $96 million, compared to $25 million in the six months ended September 27, 2025. The provision for income taxes for the six-month period was a benefit of $1 million, versus a provision of $20 million in the prior-year period, according to the filing.

On the balance sheet, the company disclosed total assets of $3,273 million and total liabilities of $3,203 million as of September 26, 2026, resulting in total shareholders' equity of $70 million. Inventories, net, were $712 million at the end of the quarter, up from $581 million at March 28, 2026. Long-term debt increased to $442 million from $343 million over the same period. The filing noted that as of September 26, 2026, there were 230,314,415 ordinary shares issued and 103,349,507 outstanding, with 126,964,908 treasury shares held at cost totaling $5,747 million. The filing also referenced a pending federal securities law class action among its disclosed risk factors.

What Was Disclosed

Capri Holdings filed its quarterly report for the period ended September 26, 2026, disclosing second-quarter total revenue of $809 million, net income attributable to Capri of $27 million, total assets of $3,273 million, and 103,349,705 ordinary shares outstanding as of October 27, 2026.