The earnings call presented a balanced view with some positive developments, such as the new share repurchase program and improvements in the Michael Kors full price channel, particularly in Asia and Europe. However, these were countered by overall revenue decline, challenges in the North America outlet channel, and Jimmy Choo's revenue decrease. The higher effective tax rate also negatively impacted earnings.
Company Guidance
During the Capri Holdings Limited Second Quarter Fiscal 2026 Financial Results Conference Call, guidance was provided that highlighted several key metrics and strategic directions. The company reported a revenue of $856 million, marking a 2.5% decrease compared to the previous year. Despite this, the revenue, gross margin, and operating income exceeded expectations, driven by better-than-anticipated performance at Michael Kors and a shift in wholesale timing. The effective tax rate was higher than expected, impacting net income by $24 million and earnings per share by $0.20. For the fiscal year, the company maintained its revenue guidance between $3.375 billion and $3.45 billion, anticipating a gross margin of approximately 60.5% to 61%. The Board authorized a new $1 billion share repurchase program, expected to begin in fiscal '27. Additionally, Capri Holdings plans to repay most of its debt using proceeds from the Versace sale, which is anticipated to close in the fiscal third quarter. The call emphasized the strategic focus on enhancing the Michael Kors and Jimmy Choo brands, with a goal to stabilize the business this year and return to growth in fiscal '27.
Share Repurchase Program
The Board of Directors authorized a new $1 billion share repurchase program, expected to begin in fiscal '27, signaling financial strength and focus on shareholder returns.
Full Price Channel Improvement
Michael Kors' full price channel comps turned positive, with accessories business driving growth.
Retail Channel Growth in Asia
Michael Kors' revenue in Asia increased by 25% due to higher wholesale shipments.
Continued Revenue Growth in Europe
Michael Kors' revenue in EMEA increased by 4%, showing strong consumer reception to new product introductions.
Capri Holdings (CH:MKO) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CH:MKO Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 04, 2025
CHF40.57
CHF40.57
0.00%
Aug 06, 2025
CHF40.57
CHF40.57
0.00%
May 28, 2025
CHF40.57
CHF40.57
0.00%
Feb 05, 2025
CHF40.57
CHF40.57
0.00%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Capri Holdings (CH:MKO) report earnings?
Capri Holdings (CH:MKO) is schdueled to report earning on Feb 11, 2026, Before Open (Confirmed).
What is Capri Holdings (CH:MKO) earnings time?
Capri Holdings (CH:MKO) earnings time is at Feb 11, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.