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Get filing alertsCapri Holdings swings to Q2 profit, raises FY27 outlook, and cuts net debt to $336M
Filed October 30, 2026 · Period ending October 30, 2026 · ~1 min read
Key Changes
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Q2 FY27 revenue fell 5.5% to $809M, but net income swung to $27M ($0.25/diluted share) from a $34M loss a year earlier.
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Full-year FY27 revenue guidance raised to approximately $3.42B, with diluted EPS expected around $2.20.
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Net debt dropped to $336M from $1.6B a year ago, reflecting Versace sale proceeds and stronger cash generation.
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Company repurchased 10.3M shares for $150M at an average $14.56 per share; $721M remains under buyback authorization.
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Summary
Capri Holdings reported a mixed second quarter: revenue declined 5.5% to $809 million, but the company swung to a profit of $27 million, or $0.25 per diluted share, from a loss of $34 million a year earlier. Adjusted EPS was $0.42, up from an adjusted loss of $0.03. The improvement was driven by cost discipline and a strong performance at Jimmy Choo, which grew double digits, offsetting weakness at Michael Kors.
Management raised its full-year revenue outlook to approximately $3.42 billion and expects diluted EPS of about $2.20. The balance sheet strengthened dramatically, with net debt falling to $336 million from $1.6 billion a year ago, largely due to proceeds from the Versace sale. Capri also repurchased $150 million of stock during the quarter, leaving $721 million under its buyback program.
For retail holders, the key takeaway is that profitability has returned and the company is using excess cash to reduce debt and buy back shares. The revenue decline remains a watch item, but the raised guidance and improved financial position suggest management sees a path to stabilization.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Capri Holdings issued a press release with unaudited Q2 fiscal 2026 results ended September 26, 2026.
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On October 30, 2026, Capri Holdings Limited (the “Company”) issued a press release containing its unaudited financial results for its second fiscal quarter ended September 26, 2026.
The Company announced its unaudited financial results for the second fiscal quarter ended September 26, 2026, via a press release attached as Exhibit 99.1. The 8-K itself does not include the financial figures; they are in the exhibit.
Event · Exhibit 99.1
Capri Holdings reports Q2 FY2027 results with revenue down 5.5% but EPS of $0.25, raises full-year outlook, and repurchased $150M of shares.
Added in current filing · view on EDGAR →
Total revenue of $809 million decreased 5.5% compared to last year. On a constant currency basis, total revenue decreased 4.9%.
Capri's total revenue fell 5.5% year-over-year to $809 million, or 4.9% on a constant currency basis. The decline was driven by Michael Kors, while Jimmy Choo grew double digits.
Added in current filing · view on EDGAR →
Net income was $27 million, or $0.25 per diluted share, compared to net loss of $34 million, or $(0.28) per diluted share, in the prior year. Adjusted net income was $45 million, or $0.42 per diluted share, compared to adjusted net loss of $4 million, or $(0.03) per diluted share, in the prior year.
The company swung to a profit of $0.25 per diluted share from a loss of $(0.28) a year earlier. Adjusted EPS was $0.42, up from an adjusted loss of $(0.03).
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Figures/quotes linked to EDGAR · Narrative written by AI · Nov 2, 2026 · How we verify