Capri reports $809 million in sales for the second fiscal quarter of 2027. The trajectories of Michael Kors and Jimmy Choo diverge.
At Capri, the two brands in the continuing scope are not moving in the same direction. The group reports $809 million in revenue for its second fiscal quarter of 2027, ended 26 September 2026. The decline reaches 5.5% as reported and 4.9% at constant exchange rates.
Two commercial rhythms
Michael Kors posts $663 million in sales, down 8.6% as reported. Jimmy Choo reaches $146 million, up 11.5%. The release also notes about $20 million of early shipments to distributors, a timing element to keep in mind when reading the period.
Versace is excluded from continuing operations for all periods compared, its sale having been completed on 2 December 2025. Comparing these results with an earlier total that included the brand would therefore mix different perimeters.
Timing does not create additional demand
An advanced delivery shifts the moment at which a sale is recorded. It does not, on its own, allow one to conclude that final demand is durably accelerating. This distinction matters particularly when a quarter is used to assess a turnaround.
Capri’s figures thus invite three separate readings: the current portfolio, the trajectory of each brand and the timing of deliveries. Jimmy Choo’s growth is an identifiable commercial result. It does not entirely offset the decline of Michael Kors and is not enough to describe the situation of the group as a whole.
Sources — editorial verification
Capri Holdings Limited Reports Second Quarter Fiscal 2027 Results — 30 October 2026. Accessed on 3 November 2026.
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