Capri Holdings Limited reports developments for a global fashion luxury group built around Michael Kors and Jimmy Choo. Company news centers on quarterly and fiscal results, brand performance, executive appointments, consumer and retail conference participation, and strategic updates following the completed sale of Versace.
Updates also describe product and brand priorities across fashion luxury categories, including handbags, footwear, apparel and accessories, as well as balance-sheet actions, debt reduction and capital-allocation plans tied to the company’s remaining luxury-brand portfolio.
Capri Holdings (NYSE:CPRI) reported fiscal second-quarter revenue of $809 million, down year over year, and raised its full-year outlook.
For the quarter ended September 26, 2026, revenue fell 5.5%, while net income from continuing operations reached $27 million, or $0.25 per diluted share, versus a $34 million loss, or $0.28 per share. Operating income improved to $10 million from a $12 million loss. Michael Kors revenue fell 8.6%; Jimmy Choo revenue rose 11.5%. Approximately $20 million of wholesale shipments arrived earlier than anticipated, shifting revenue from the third quarter.
Capri repurchased $150 million of shares and reduced net debt to $336 million from $1.6 billion a year earlier. The company now expects fiscal 2027 revenue of approximately $3.42 billion and adjusted diluted earnings of approximately $2.20 per share; third-quarter expectations are approximately $1.005 billion and $0.95, respectively.
Capri Holdings (NYSE: CPRI) plans to report its second-quarter fiscal 2027 financial results on Friday, October 30, 2026. Results are expected at approximately 7:00 a.m. ET, followed by a conference call at 10:00 a.m. ET the same day. A live webcast will be available on the company’s website.
Capri Holdings (CPRI) has appointed Catherine So as Chief Legal and Sustainability Officer, effective October 19, 2026, reporting to Chairman and CEO John D. Idol.
So joins from Tiffany & Co., where she most recently served as Senior Vice President and General Counsel, overseeing global legal, compliance, intellectual property, litigation, governance, and brand protection. Her prior experience includes senior legal roles at Bank of America Merrill Lynch, serving as an Assistant U.S. Attorney in the Eastern District of New York, and beginning her career at Debevoise & Plimpton.
Capri Holdings (CPRI)/b) will participate in a fireside chat at the Goldman Sachs Global Consumer and Retail Conference 2026 on Tuesday, September 15, 2026, at 10:00 AM Eastern Time.The conference will take place at the Conrad New York Downtown in New York City, with Chairman and CEO John D. Idol and Chief Financial and Chief Operating Officer Tyler Reddien representing the company. The session will be webcast live on Capri Holdings’ Investor Relations website, with an archived replay available after the event.
S&P Dow Jones Indices will rebalance the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 before the market opens on September 21, 2026, to keep each index aligned with its target market-cap range.
Dell Technologies, Palo Alto Networks, Arista Networks, and Sandisk will join the S&P 100, while NIKE, Honeywell Aerospace, Simon Property Group, and Colgate-Palmolive exit. Bloom Energy, Everpure, and Illumina will enter the S&P 500, replacing Molson Coors Beverage, The Trade Desk, and Builders FirstSource, which move to the S&P SmallCap 600. Multiple constituents, including HubSpot, AGNC Investment, Corcept Therapeutics, Brinker International, Herc Holdings, Delek US Holdings, AXT, Arcutis Biotherapeutics, AtriCure, Capri Holdings, Boston Beer, and others shift among the S&P MidCap 400 and S&P SmallCap 600.
Capri Holdings (NYSE:CPRI) reported first quarter fiscal 2027 revenue from continuing operations of $769 million, down 3.5% year over year (4.1% in constant currency). Gross profit was $500 million with gross margin improving 200 bps to 65.0%. Operating income rose to $17 million (2.2% margin), and adjusted operating income was $28 million (3.6% margin). Diluted EPS increased to $0.60, with adjusted EPS of $0.67, both exceeding company expectations.
Michael Kors revenue fell 7.1% to $590 million, while Jimmy Choo revenue grew 10.5% to $179 million with operating margin rising to 7.3%. Net inventory declined 20% to $624 million. Net debt dropped to $224 million from $1.5 billion a year earlier. Capri repurchased $50 million of shares. For fiscal 2027, the company now guides to $3.4 billion in revenue and adjusted EPS of about $2.15.
Capri Holdings (NYSE: CPRI) will release its first quarter fiscal 2027 financial results on Wednesday, August 5, 2026, at about 6:45 a.m. ET. A conference call to discuss the results will follow at 8:30 a.m. ET, accessible via phone and live webcast, with replays available by telephone and on the company’s website through August 12, 2026.
Capri Holdings (NYSE:CPRI) announced that Chairman and CEO John D. Idol and CFO/COO Tyler Reddien will join a fireside chat at Bernstein Insights: 2nd Annual Retail Forum in New York on Wednesday, July 8, 2026 at 9:40 AM ET. A live webcast and archived replay will be available on the company’s investor relations website.
Capri Holdings (NYSE:CPRI) reported fourth quarter Fiscal 2026 revenue of $796 million, down 3.7% reported (7.0% constant currency). Gross margin rose to 64.8%. Adjusted EPS was $0.22, and net loss per share was $(0.01).
The company recorded a $65 million IEEPA tariff refund receivable, cut inventory 17% to $581 million, generated $134 million free cash flow and reduced net debt to $222 million. Fiscal 2027 guidance targets about $3.525 billion revenue and diluted EPS of roughly $2.15, implying low-single-digit revenue and about 40% adjusted EPS growth.
Capri Holdings (NYSE: CPRI) will report fourth quarter and fiscal 2026 results on Wednesday, May 27, 2026 at ~6:45 a.m. ET and will host a conference call the same day at 8:30 a.m. ET.
Dial-in numbers, conference ID 13756114, live webcast access at www.capriholdings.com, and replays available through June 3, 2026.