Jimmy Choo grows, Michael Kors shrinks – Capri still raises its forecast
The parent of Michael Kors and Jimmy Choo posted lower quarterly sales but returned to profit. Capri lifted its full-year targets, and its shares jumped by more than 19 percent at one point.
Symbolic image · Photo: Richalbertoa / Wikimedia Commons, CC BY-SA 3.0 (cropped and resized)
Capri Holdings posted revenue of 809 million dollars in the second quarter of fiscal 2027, which ended on 26 September – down 5.5 percent year on year. According to FashionUnited, about 20 million dollars of that came from wholesale shipments originally planned for the third quarter. Net income from continuing operations was 27 million dollars, after a loss of 34 million a year earlier.
The brands moved in opposite directions: Michael Kors revenue fell 8.6 percent to 663 million dollars, while Jimmy Choo rose 11.5 percent to 146 million and returned to an operating profit. Versace is no longer included; Capri sold the fashion house to Prada in December 2025.
For the full year, Capri now expects revenue of around 3.42 billion dollars, up from 3.40 billion, and adjusted earnings of about 2.20 dollars per share. According to Reuters, management expects revenue to return to growth in the fourth quarter. The shares rose by more than 19 percent at one point on Friday. Chief executive John D. Idol spoke of building momentum at both brands.