Capri Holdings Reports 2.5% Revenue Decline in Second Quarter Fiscal 2026

Reuters
Nov 04
Capri Holdings Reports 2.5% Revenue Decline in Second Quarter Fiscal 2026

Capri Holdings Limited reported a 2.5% decrease in revenue on a reported basis and a 4.2% decrease in constant currency for the second quarter of fiscal 2026, with revenue totaling approximately $975 million to $1.0 billion expected for the third quarter. The company posted an operating margin of -1.4% and an adjusted operating margin of 2.3%. Loss per share was $(0.28), with an adjusted loss per share of $(0.03). For fiscal year 2026, Capri Holdings anticipates total revenue of approximately $3.4 billion and operating income of around $100 million. The company also announced a $1 billion share repurchase program. Guidance reflects incremental tariffs on imports from several countries, with further details available on the company's website.

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