Capri Holdings Reports Q2 2027 Earnings Beat and Raises Full-Year Guidance
Capri Holdings (CPRI) reported second-quarter results that exceeded internal expectations, characterized by a shift toward brand elevation through reduced promotional activity. Despite a 5.5% year-over-year decline in total revenue to $809 million—driven largely by inventory delays and shipping constraints from Asia—the company achieved an adjusted EPS of $0.42, a significant turnaround from last year's loss. The results highlighted a strategic pivot: Michael Kors reduced markdown inventory by 40% and promotional activity by 50% to drive full-price sales, while Jimmy Choo saw an 11.5% revenue increase driven by wholesale growth. Following these results, management raised its fiscal 2027 earnings per share guidance to $2.20, representing a projected 45% growth over the previous year.
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