# Capri Raises Annual Revenue Outlook After Second-Quarter Beat

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/44661
Published: 2026-10-30T12:30:26.000Z
Updated: 2026-10-30T12:30:26.000Z
Section: Business

> Jimmy Choo revenue rose 11.5% as Michael Kors revenue fell 8.6%. Capri also repurchased about 10.3 million shares for $150 million.

Capri Holdings increased its annual revenue target after fiscal second-quarter results came in above market forecasts, with Jimmy Choo gains helping balance weaker Michael Kors sales.

Capri set its full-year revenue outlook at $3.42 billion, compared with a $3.4 billion consensus estimate. Fiscal second-quarter revenue, operating income and earnings per share topped estimates. Adjusted earnings per share were 42 cents.

Jimmy Choo revenue increased 11.5%, while Michael Kors revenue declined 8.6%. Jimmy Choo recorded a positive operating margin of 1.4%. Monthly trends improved sequentially at both brands.

Gross margin rose 2.3 percentage points to 63.3%, helped by higher full-price sales, brand mix and lower tariff rates. Capri shares rose in early trading Friday.

Capri bought back roughly 10.3 million shares at a cost of $150 million, leaving $721 million authorized for future repurchases.