Capri Holdings swings to Q2 FY27 net income of $27 million
Bitget2026/10/30 11:03- Capri Holdings swung to net income of $27 million in the second quarter of FY27 from a year-earlier loss.
- Revenue fell 6% year-over-year to $809 million, including $20 million from earlier-than-anticipated wholesale shipments.
- Michael Kors revenue dropped 9% to $663 million, while Jimmy Choo revenue climbed 12% to $146 million year-over-year.
- Management expects total company revenue to return to growth in the second half of FY27, supported by new collections and increased marketing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Investors reportedly offering Anthropic allocation shares at premiums of up to 5% ahead of its IPO
According to reports, the trading firm JonesTrading is marketing up to $500 million worth of stock shares on behalf of some investors, at a 3% to 5% premium over the IPO issue price. This indicates that investors are already transferring their anticipated IPO allotted shares before the IPO is officially issued.
Nvidia continues to plummet, losing $430 billion in market value over two days, with Microsoft temporarily reclaiming the world's second place.
On Tuesday, Nvidia closed down 5.5%, a decline significantly greater than other major tech stocks, making it a key factor dragging down the tech sector's performance. During intraday trading on Tuesday, Microsoft's market capitalization briefly surpassed Nvidia, making it the world's second largest publicly traded company by market value. However, after Anthropic released its office suite, Microsoft's losses widened, causing it to fall behind Nvidia once again.
Updated: CoreWeave Raises Revenue Forecasts, AI Demand Unfazed by Growing Doubts
Crypto prices
More
