Filing Flows › Capri Holdings (CPRI) › Q2 FY27 › vs Q2 FY26
Capri Holdings (CPRI) Q2 FY27 vs Q2 FY26 (year over year)
Capri Holdings's revenue fell $47.0M (-5%) from $856M in Q2 FY26 to $809M in Q2 FY27. The biggest changes: Michael Kors −$62.0M (-9%); Jimmy Choo +$15.0M (+11%). Gross margin 63.3% against 61.0% (+2.3 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 Q2 FY26, the increases inside each band.
Margins
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 63.3% | 61.0% | +2.3 pts |
| Operating margin | 1.2% | -1.4% | +2.6 pts |
| Net margin | 3.3% | -3.3% | +6.6 pts |
| Free cash flow margin | 4.4% | -7.6% | +12.0 pts |
Every line
| Line | Q2 FY27 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Michael Kors | $663M | $725M | −$62.0M | -9% |
| Jimmy Choo | $146M | $131M | $15.0M | +11% |
| Revenue | $809M | $856M | −$47.0M | -5% |
| Gross profit | $512M | $522M | −$10.0M | -2% |
| Cost of revenue | $297M | $334M | −$37.0M | -11% |
| Other income, net | $34.0M | $20.0M | $14.0M | +70% |
| Operating profit | $10.0M | −$12.0M | $22.0M | — |
| Operating expenses | $502M | $534M | −$32.0M | -6% |
| Pre-tax earnings | $44.0M | $8.0M | $36.0M | +450% |
| SG&A | $459M | $481M | −$22.0M | -5% |
| Other operating costs | $43.0M | $53.0M | −$10.0M | -19% |
| Net earnings | $27.0M | −$28.0M | $55.0M | — |
| Income tax | $17.0M | $36.0M | −$19.0M | -53% |
| Depreciation & amortization | $30.0M | $30.0M | $0 | 0% |
| Share-based compensation | $7.0M | $7.0M | $0 | 0% |
| Working capital & other | $13.0M | $61.0M | −$48.0M | -79% |
| Operating cash flow | $51.0M | −$52.0M | $103M | — |
| Free cash flow (OCF − capex) | $36.0M | −$65.0M | $101M | — |
| Capital expenditures | $15.0M | $13.0M | $2.0M | +15% |
Questions
How much did Capri Holdings's revenue grow year over year in Q2 FY27?
Capri Holdings's revenue fell $47.0M (-5%) from $856M in Q2 FY26 to $809M in Q2 FY27.
What drove Capri Holdings's revenue change in Q2 FY27?
Michael Kors −$62.0M (-9%); Jimmy Choo +$15.0M (+11%).