Filing Flows › Capri Holdings (CPRI) › Q2 FY27
Capri Holdings (CPRI) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Oct 30, 2026
Capri Holdings (CPRI) reported revenue of $809M for the second quarter fiscal 2027 (Q2 FY27), -5% from a year earlier and +5% from the quarter before. Operating margin was 1.2%, net earnings $27.0M (3.3% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $809M | +5% | -5% |
| Gross profit | $512M | +2% | -2% |
| Operating profit | $10.0M | -41% | — |
| Net earnings | $27.0M | -61% | — |
| Operating cash flow | $51.0M | -30% | — |
| Free cash flow | $36.0M | -25% | — |
What changed
Revenue was $809.0M in Q2 FY27, down 5% year over year and up 5% from the previous quarter. Michael Kors was the largest line at 82% of revenue. Michael Kors lost $62.0M year over year (down 9%), 132% of the total change.
Gross margin was 63.3%, up 2.3 points from Q2 FY26. Operating profit was $10.0M, a 1.2% margin (up 2.6 points year over year). Operating expenses fell 6% while revenue fell 5%. Net earnings were $27.0M. The effective tax rate was 38.6%. Non-operating items added $34.0M, 77% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $51.0M, 189% of net earnings. Non-cash charges added back $30.0M of depreciation and amortization and $7.0M of share-based compensation. Working capital and other items used $13.0M. Capital expenditures of $15.0M left free cash flow of $36.0M.
Questions
What was Capri Holdings' revenue in the second quarter fiscal 2027?
Capri Holdings (CPRI) reported revenue of $809M for the second quarter fiscal 2027 (Q2 FY27), -5% from a year earlier and +5% from the quarter before.
Was Capri Holdings profitable in the second quarter fiscal 2027?
Operating profit was $10.0M (1.2% of revenue) and net earnings $27.0M.
Source: Capri Holdings 10-Q on SEC EDGAR.