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Capri Holdings Limited Announces Second Quarter Fiscal 2022 Results Revenue and Earnings Exceeded Expectations Raised Full Year Adjusted Earnings Per Share Outlook Authorized New $ 1 Billion Share Repurchase Program VERSACE VAT CAPRI JIMMY CHOO HOLDINGS LIMITED MED MICHAEL KORS London November 3 , 2021 Capri Holdings Limited ( NYSE : CPRI ) , a global fashion luxury group , today announced its financial results for the second quarter of Fiscal 2022 ended September 25 , 2021 . Second Quarter Fiscal 2022 Highlights Revenue increased 17 % , with better than anticipated results across all three luxury houses Adjusted gross margin expanded 440 basis points versus prior year Adjusted operating margin of 18.5 % Adjusted earnings per share of $ 1.53 Raised full year adjusted earnings per share outlook to $ 5.30 John D. Idol , the Company's Chairman and Chief Executive Officer , said , " We are pleased with our second quarter results with revenue , gross margin , operating margin and earnings per share all exceeding our expectations . This performance reflects the power of Versace , Jimmy Choo and Michael Kors as well as the execution of our strategic initiatives . Capri Holdings strong results are a testament to the dedication , resilience and agility of the entire team across the globe . " Mr. Idol continued , " We remain confident in the strength of our luxury houses and are pleased to be raising revenue and earnings guidance for the year . Our new outlook reflects both stronger revenue performance as well as greater than anticipated gross margin expansion driven by the execution of our strategic initiatives . The success of these initiatives is currently offsetting the COVID - 19 related industry headwinds including supply chain delays and increased transportation costs . Looking forward as the world continues to recover from the impact of the global pandemic , we remain confident in the growth opportunities for Versace , Jimmy Choo and Michael Kors . As we execute on our strategic initiatives , Capri Holdings is positioned to deliver multiple years of revenue and earnings growth . "