Capri Holdings Limited, the owner of Michael Kors and Jimmy Choo, reported $27 million in net income from continuing operations for its fiscal second quarter, compared with a $34 million loss a year earlier. Earnings were 25 cents per diluted share, while adjusted earnings reached 42 cents, exceeding analyst expectations of 21 cents. Revenue fell 5.5% to $809 million, or 4.9% in constant-currency terms, but topped estimates ranging from $781.7 million to $786.5 million. About $20 million of revenue came from wholesale shipments shifted forward from the third quarter. Michael Kors revenue declined 8.6% to $663 million, while Jimmy Choo revenue rose 11.5% to $146 million. Gross margin improved to 63.3% from 61.0%, and adjusted operating margin increased to 3.8% from 2.3%. Capri lowered its fiscal 2027 revenue forecast to about $3.42 billion from $3.53 billion while raising its adjusted diluted earnings outlook to about $2.20 per share from $2.15. The company expects fiscal third-quarter revenue of about $1.005 billion and diluted earnings of about 95 cents per share. Chairman and CEO John D. Idol said trends improved sequentially each month and that revenue is still expected to return to growth in the back half of fiscal 2027, supported by new collections, higher marketing spending and improvements to the shopping experience.