Capri Q2 revenue $856M beats expectations; announces $1B buyback program

Capri Holdings Ltd

2026-Q2 EPS reported $0.22 revenue$1,653,000,000

Revenue $856M, down 2.5% YoY; adjusted operating income $20M vs $37M last year.
Net loss $34M ($0.28/share); adjusted loss $4M ($0.03/share) hurt by $24M tax valuation allowance.
Versace sale to Prada for $1.375B expected to close in Q3 fiscal 2026; proceeds to repay debt.
Board authorizes $1B share repurchase program over three years, beginning fiscal 2027.
FY2026 guidance: revenue $3.375-3.45B, diluted EPS $1.20-1.40; Q3 EPS guidance $0.70-0.80.

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