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Capri Holdings (CPRI) Q2 FY2027 earnings: revenue $809 million, down 5.5% on the year

Capri Holdings Ltd. (CPRI) announced its results for Q2 FY2027, the quarter ended 26 September 2026, on 30 October 2026. Revenue was $809 million, down 5.5% on the same quarter a year earlier. Net income was $27 million, and diluted earnings per share $0.25. The figures are from the company's earnings press release; the 10-Q with the full statements is not filed yet, and this page fills in when it is.

Revenue$809 milliondown 5.5%
Net income$27 million
Diluted EPS$0.25-$0.22 a year earlier
QuarterQ2 FY2027ended 26 September 2026

What management said

Guidance figures: 5 raised, 1 lowered, 8 new, 4 kept.

  • Revenue fell 5.5% in the quarter: Revenue was $809 million, down 5.5% as reported and 4.9% in constant currency, from $856 million a year earlier.
  • Operating margin turned positive: Operating income was $10 million, a 1.2% margin, against a $12 million loss a year earlier. Adjusted operating income was $31 million, a 3.8% margin, against $20 million and 2.3%.
  • Trends improved each month: Management said trends improved sequentially each month across both luxury houses through the second quarter.
Read the earnings call summary

The quarter, against the one before and a year earlier

LineQ2 FY2027Q1 FY2027Q2 FY2026Change on the year
Revenue809769856-5.5%
Net income27.069.0-28.0n/a
Diluted EPS$0.25$0.60-$0.22n/a
$ million except per share.
Read moreQ2 FY2027 is from the company's press release of 30 October 2026; the other columns are from its 10-Q and 10-K filings. A release figure is shown when the release's own figure for an earlier quarter matches the filed one, so the line and its units are read right.

Quarterly results, the last 20 quarters filed

Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025 †Q2 FY2025 †Q3 FY2025 †Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026 *Q1 FY2027
Revenue1,3001,6091,4921,3601,4121,5121,3351,2291,2911,4271,2238488781,0681,0357978561,025n/a769
Cost of revenue416561536459461507468417459499456313331394404295334402n/a269
Gross profit8841,0489569019511,005867812832928767535547674631502522623n/a500
Gross margin68%65%64%66%67%66%65%66%64%65%63%63%62%63%61%63%61%61%n/a65%
SG&A599656733622642720724689664749682491497537613455481535n/a451
Operating income195331119231252236-40.080.0100122-54311.0-6.026.0-11616.0-12.046.0n/a17.0
Operating margin15%21%8%17%18%16%-3%7%8%9%-44%1%-1%2%-11%2%-1%4%n/a2%
Pre-tax income198342119231259228-70.050.0101123-55711.015.019.0-10240.02.055.0n/a52.0
Tax rate-1%6%32%12%14%1%n/a4%11%15%n/a55%-180%68%n/a-40%1800%-4%n/a-35%
Net income20032281.0201224225-34.048.090.0105-472-14.024.0-547-64553.0-28.0116n/a69.0
Net margin15%20%5%15%16%15%-3%4%7%7%-39%-2%3%-51%-62%7%-3%11%n/a9%
Diluted EPS$1.30$2.11$0.54$1.40$1.63$1.72-$0.28$0.41$0.77$0.88-$4.03-$0.11$0.20-$4.61-$5.44$0.44-$0.22$0.96n/a$0.60
Operating cash flow192317-9.0137-98.057715540.0-13736244.083.050.0309-161-8.0-52.0202n/a73.0
Capital expenditure25.037.046.036.050.082.058.050.040.049.050.016.027.031.027.013.013.019.0n/a25.0
Free cash flow167280-55.0101-14849597.0-10.0-177313-6.067.023.0278-188-21.0-65.0183n/a48.0
Buybacks1012003013123513014001060.01.00.03.01.00.00.01.01.00.0n/a54.0
Shares outstanding150m147m143m138m131m125m117m116m116m116m117m118m118m118m118m119m119m119m115m114m
Filing10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A fourth quarter left blank is one the arithmetic cannot give yet: the annual report changed the basis of the year (a business sold or spun off, a line regrouped), so the year less the three quarters as first filed would not be a quarter of anything. It fills in once the three quarters have been refiled on the new basis. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Earnings press release for the quarter ended 26 September 2026, filed with the SEC on 30 October 2026 with a Form 8-K: the release.