Filing Flows › Capri Holdings (CPRI) › Q2 FY27 › vs Q1 FY27
Capri Holdings (CPRI) Q2 FY27 vs Q1 FY27 (quarter over quarter)
Capri Holdings's revenue rose $40.0M (+5%) from $769M in Q1 FY27 to $809M in Q2 FY27. The biggest changes: Michael Kors +$73.0M (+12%); Jimmy Choo −$33.0M (-18%). Gross margin 63.3% against 65.0% (-1.7 pts).
Capri Holdings, Q2 FY27: revenue $809M (-6% year over year), operating margin 1.2%, net earnings $27.0M, operating cash flow $51.0M. The chart draws each line against Q1 FY27, the increases inside each band.
Margins
| Q2 FY27 | Q1 FY27 | Change | |
|---|---|---|---|
| Gross margin | 63.3% | 65.0% | -1.7 pts |
| Operating margin | 1.2% | 2.2% | -1.0 pts |
| Net margin | 3.3% | 9.1% | -5.8 pts |
| Free cash flow margin | 4.4% | 6.2% | -1.8 pts |
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| Michael Kors | $663M | $590M | $73.0M | +12% |
| Jimmy Choo | $146M | $179M | −$33.0M | -18% |
| Revenue | $809M | $769M | $40.0M | +5% |
| Gross profit | $512M | $500M | $12.0M | +2% |
| Cost of revenue | $297M | $269M | $28.0M | +10% |
| Other income, net | $34.0M | $35.0M | −$1.0M | -3% |
| Operating profit | $10.0M | $17.0M | −$7.0M | -41% |
| Operating expenses | $502M | $483M | $19.0M | +4% |
| Pre-tax earnings | $44.0M | $52.0M | −$8.0M | -15% |
| SG&A | $459M | $451M | $8.0M | +2% |
| Other operating costs | $43.0M | $32.0M | $11.0M | +34% |
| Net earnings | $27.0M | $70.0M | −$43.0M | -61% |
| Income tax | $17.0M | −$18.0M | $35.0M | — |
| Depreciation & amortization | $30.0M | $29.0M | $1.0M | +3% |
| Share-based compensation | $7.0M | $13.0M | −$6.0M | -46% |
| Working capital & other | $13.0M | $39.0M | −$26.0M | -67% |
| Operating cash flow | $51.0M | $73.0M | −$22.0M | -30% |
| Free cash flow (OCF − capex) | $36.0M | $48.0M | −$12.0M | -25% |
| Capital expenditures | $15.0M | $25.0M | −$10.0M | -40% |
Questions
How much did Capri Holdings's revenue grow quarter over quarter in Q2 FY27?
Capri Holdings's revenue rose $40.0M (+5%) from $769M in Q1 FY27 to $809M in Q2 FY27.
What drove Capri Holdings's revenue change in Q2 FY27?
Michael Kors +$73.0M (+12%); Jimmy Choo −$33.0M (-18%).