Capri Holdings Limited · NYSE:CPRI
Capri — Q2 FY2027 Earnings Presentation
11 slides from Capri's earnings presentation, Oct 30, 2026
Slide 1: 2Q Fiscal Year 2027 Earnings Presentation
2Q Fiscal Year 2027 Earnings Presentation October 30, 2026
Slide 2: Iconic Founder-Led Brands
Iconic Founder-Led Brands CAPRI HOLDINGS is a global fashion luxury group consisting of iconic brands Michael Kors and Jimmy Choo. Our commitment to creativity, fashion, style and craftsmanship is at the heart of each of our luxury brands. We have built our reputation on designing exceptional, innov
Slide 3: 2Q27 Highlights
2Q27 HIGHLIGHTS • Revenue decreased 5.5% (-4.9% constant currency), above expectations • Gross margin expanded 230 bps to 63.3% • Adjusted operating income increased 55% to $31 M • Adjusted EPS of $0.42 vs $(0.03) LY • Repurchased $150 M worth of shares • Increased consumer database by 8% versus pri
Slide 4: Strategic Initiatives
STRATEGIC INITIATIVES • Strengthen brand desirability through a modern interpretation of the Jet Set lifestyle to engage and excite new and existing consumers • Create exciting fashion product with compelling value, leveraging our strength in accessories • Deliver elevated customer experience across
Slide 5: 2Q27 Highlights
2Q27 HIGHLIGHTS • Revenue decreased 8.6% (-8.0% constant currency) • Retail sales improved sequentially each month • Gross margin expanded 220 bps to 61.5% • Operating margin of 10.3% • Renovated stores generating significant increases in traffic and sales • Increased consumer database by 8% versus
Slide 6: Strategic Initiatives
STRATEGIC INITIATIVES • Strengthen brand desirability through Jimmy Choo’s effortlessly alluring spirit to engage and excite new and existing consumers • Create innovative fashion luxury product accelerating growth in accessories while maintaining our leadership position in footwear • Deliver elevat
Slide 7: 2Q27 Highlights
2Q27 HIGHLIGHTS • Revenue increased 11.5% (+12.2% in constant currency), above expectations • Accessories +DD and footwear +HSD • Gross margin expanded 100bps to 71.2% • Operating margin expanded 830 bps to 1.4%, above expectations • Increased consumer database by 7% versus prior year • Anticipate a
Slide 8: Outlook
OUTLOOK 3Q27 FY27 Revenue ~ $1.005 B ~ $3.42 B Michael Kors ~ $830 M ~ $2.77 B Jimmy Choo ~ $175 M ~ $650 M Adjusted Operating Income ~ $90 M ~ $175 M Operating Margin - Michael Kors ~ mid-teens% ~ LDD % Operating Margin - Jimmy Choo ~ LSD-MSD% ~ LSD % Net Interest & Other Income ~ $25 M ~ $100 M Ef
Slide 9: Non-GAAP Measures
NON-GAAP MEASURES This presentation includes certain non-GAAP financial measures. Constant currency effects are non-GAAP financial measures, which are provided to supplement our reported operating results to facilitate comparisons of our operating results and trends in our business, excluding the ef
Slide 10: Reconciliation of GAAP to Non-GAAP Financial Measures
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, except per share data) (1) Primarily relates to costs associated with the transition services agreement in connection with the sale of Versace. (2) Primarily relates to fixed asset costs expensed as incurred associated with the Comp
Slide 11: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation contains statements which are, or may be deemed to be, "forward-looking statements." Forward-looking statements are prospective in nature and are not based on historical facts, but rather on current expectations and projections of the management of Capri about