Key Highlights

  • Capri Holdings (NYSE:CPRI) reported fiscal second quarter 2027 Revenue of USD 809 million on October 30, 2026, down 5.5 percent, but adjusted Earnings of USD 0.42 per share compared with a loss of USD 0.03.
  • Gross Margin widened to 63.3 percent from 61.0 percent, adjusted Operating Income rose to USD 31 million from USD 20 million, and net Debt fell to USD 336 million from about USD 1.6 billion.
  • The company raised its full-year outlook to revenue of about USD 3.42 billion, operating income of about USD 175 million and diluted earnings of about USD 2.20 per share.
  • Shares rose about 16 percent on October 30, 2026, according to published market data, from a prior close of USD 16.06, and inventory fell 7 percent at Capri Holdings (NYSE:CPRI).

What Capri Reported

Capri Holdings (NYSE:CPRI) reported results for the quarter ended September 26, 2026. Revenue of USD 809 million compared with USD 856 million a year earlier, and about USD 20 million of wholesale shipments arrived earlier than expected. Michael Kors revenue fell 8.6 percent to USD 663 million, while Jimmy Choo grew 11.5 percent to USD 146 million. GAAP operating income was USD 10 million against a USD 12 million loss, and GAAP diluted earnings were USD 0.25. Inventory fell 7 percent to USD 712 million. Chairman and CEO John Idol said momentum is building at both brands and expects revenue to return to growth in the second half.

What the Raised Outlook Says

The company now expects adjusted revenue of about USD 3.42 billion, Michael Kors revenue of about USD 2.77 billion and Jimmy Choo revenue of about USD 650 million. Third quarter guidance is for revenue of about USD 1.005 billion, which includes the USD 20 million pulled into the second quarter, operating income of about USD 90 million and earnings of about USD 0.95 per share. The outlook assumes an incremental 10 percent Tariff on US imports through July 24, 2026 and 10 percent to 12.5 percent afterward. Far lower debt reduces interest costs at Capri Holdings (NYSE:CPRI), since net debt of USD 336 million compares with USD 1.6 billion a year ago.

Risks and What to Watch

Revenue is still falling, and the company is relying on a second half return to growth. Michael Kors, the larger brand, declined 8.6 percent, and the timing shift of USD 20 million flatters the second quarter while making the third quarter comparison harder. Tariff costs remain a material assumption. The earlier outlook range is not restated here, so the size of the raise is not shown in dollars. Published coverage describes a consensus rating of hold with an average price target near USD 21.80, which signals mixed analyst views on Capri Holdings (NYSE:CPRI). Readers should check each figure against the company filing and watch analyst changes after the jump.

Where Things Stand

The company is Capri Holdings (NYSE:CPRI), which jumped because profit and margins improved, debt was cut sharply and management raised the full-year outlook while pointing to a second half return to growth. The rise of about 16 percent reflects relief after a weak revenue trend, but sales still fell 5.5 percent and the Michael Kors Brand is still shrinking. The evidence is encouraging rather than conclusive, and the next catalyst is the third quarter report with its USD 1.005 billion revenue guide.