Michael Kors parent Capri Holdings’ revenue exceeded estimates and totalled $856 million in the second quarter of the 2026 financial year. The business’ net loss rose to $34 million, compared to net income of $42 million a year prior.

“We are encouraged by our second quarter results,” said the company’s chairman and CEO John D Idol in a release posted on the business’ website on November 4. “Trends continued to improve sequentially, which resulted in revenue, gross margin, and operating income exceeding our expectations. This performance demonstrates the progress we are making as we execute against our strategic initiatives to energise our fashion luxury houses.”

The business’ revenue dropped by 4.2% year on year in constant currency terms (-2.5% on a reported basis) and its loss from o

See Full Page