09:12 AM EST, 11/04/2025 (MT Newswires) -- (Corrects outlook and estimates to adjusted earnings in fifth and sixth paragraphs)

Capri Holdings ( CPRI ) reported a fiscal Q2 adjusted net loss from continuing operations Tuesday of $0.03 per diluted share, swinging from earnings of $0.64 a year earlier.

Analysts polled by FactSet expected $0.13.

Revenue for the quarter ended Sept. 27 was $856 million, compared with $878 million a year earlier.

Analysts surveyed by FactSet expected $825.7 million.

The company said it expects fiscal Q3 adjusted earnings of about $0.70 to $0.80 per diluted share on revenue of about $975 million to $1 billion. Analysts surveyed by FactSet expect $0.64 and $1 billion, respectively.

For fiscal 2026, the company maintained its adjusted earnings outlook of about $1.20 to $1.40 per diluted share. Analysts polled by FactSet expect $1.34. The company reiterated its fiscal 2026 revenue guidance of about $3.38 billion to $3.45 billion. Analysts surveyed by FactSet expect $3.42 billion.

The company also said its board authorized a new $1 billion share repurchase program which it expects to begin implementing in fiscal 2027.

Shares of the company were up 3.8% in recent Tuesday premarket activity.