Recent Updates — CPRI
Capri Holdings Limited reported unaudited financial results for its second quarter ended September 26, 2026. Revenue decreased 5.5% to $809 million, while adjusted earnings per share were $0.42 compared to a loss of $(0.03) in the prior year period. The company raised its full-year fiscal 2027 diluted EPS outlook to approximately $2.20 from previous estimates. During the quarter, Capri repurchased approximately 10.3 million shares for $150 million. Capri Holdings Limited is a global fashion luxury group operating brands including Michael Kors and Jimmy Choo.
Capri Holdings Limited reported first-quarter fiscal 2027 results for the period ended June 27, 2026, with total revenue of $769 million, a 3.5% decrease from the prior year. Earnings per share were $0.60, exceeding the previous year's $0.47. The company revised its full-year fiscal 2027 revenue outlook downward to approximately $3.4 billion due to inventory delays at Michael Kors and softer trends in EMEA, though it maintained an EPS target of approximately $2.15. Jimmy Choo revenue grew 10.5% to $179 million, while Michael Kors revenue declined 7.1% to $590 million. Capri Holdings Limited is a global fashion luxury group operating the Michael Kors and Jimmy Choo brands.
On June 24, 2026, Capri Holdings Ltd entered into Amendment No. 1 to its Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. as administrative agent. The amendment reduces the aggregate commitments of the revolving credit facility from $1.5 billion to $1.0 billion and extends the maturity date to June 24, 2031. The facility is secured by liens on substantially all assets and registered intellectual property of the company and its borrowing subsidiaries. The agreement maintains a maximum net leverage ratio of 4.0 to 1, with a conditional increase to 4.5 to 1 for four quarters following a material acquisition. Capri Holdings Ltd operates in the luxury fashion industry and manages a portfolio of global fashion brands.
Stephen Reitman announced his intention not to stand for re-election to the Board of Directors at the 2026 Annual Meeting of Shareholders. His term is scheduled to conclude on July 29, 2026, due to his retirement. The company stated that his decision is not related to any disagreements regarding operations, policies, or practices. Capri Holdings Ltd is a luxury fashion company.