Capri Holdings, which owns the fashion brand Michael Kors, reports stronger-than-expected figures for the second quarter of its fiscal year. The stock is surging on Wall Street and is up 18.4 percent.
Revenue fell 5.5 percent to 809 million dollars (856). This compares with FactSet analyst consensus of 787.
Earnings per share amounted to 0.25 dollars (-0.22). Adjusted earnings per share came in at 0.42 dollars (-0.03), which is 100.0 percent above analyst consensus of 0.21.
The fashion group raises its revenue guidance for fiscal 2027 to approximately 3.42 billion dollars, from 3.4 billion dollars previously.
Guidance for Jimmy Choo is raised to 650 million dollars, while Michael Kors is expected to generate revenue of 2.77 billion dollars. Earnings guidance is raised to approximately 2.20 dollars per share, from approximately 2.15 dollars previously.
For the third quarter, revenue of 1.01 billion dollars and earnings of 0.95 dollars per share are expected. Expected revenue was 1.02 billion dollars.
Capri Holdings, USD millionQ2-2026/2027ConsensusChange vs consensusQ2-2025/2026ChangeNet sales8097872.8%856-5.5%Adjusted earnings per share, USD0.420.21100.0%-0.03Earnings per share, USD0.25-0.22Consensus data from FactSet
