Accessible Luxury Faces a Pivotal Week: Capri, Tapestry, and Ralph Lauren to Report Q2 Results

The accessible luxury sector —that delicate balance between aspiration and attainability— is heading into a decisive week as Capri Holdings, Tapestry Inc., and Ralph Lauren Corporation prepare to unveil their latest quarterly results, offering valuable insight into the state of U.S. premium consumption.

Capri Holdings Limited, parent company of Michael Kors, Jimmy Choo, and Versace, will open the earnings season on Tuesday, November 4, 2025 at 6:45 a.m. ET, reporting its Q2 FY 2026 figures. Analysts are watching closely to see whether the group can stabilize after several soft quarters, as it works to reignite sales momentum across its flagship brands in Western markets.

Two days later, on Thursday, November 6, Tapestry Inc. —owner of Coach, Kate Spade, and Stuart Weitzman— will release its results at 8:00 a.m. ET, followed by Ralph Lauren Corporation at 9:00 a.m. ET. Both companies enter the week with relatively positive expectations: Tapestry continues to benefit from rising demand among younger consumers, while Ralph Lauren has reinforced its position through strategic pricing, brand elevation, and selective distribution.

These reports will serve as a key barometer for U.S. upper-middle-class spending, amid ongoing macroeconomic uncertainty. Recent data shows that Tapestry’s revenue has grown roughly 5% year-over-year, driven primarily by the enduring appeal of Coach, while Ralph Lauren has expanded both its operating margin and full-year revenue guidance. Capri, meanwhile, faces the challenge of revitalizing Michael Kors and strengthening Jimmy Choo’s competitive stance within an increasingly crowded premium space.

Market observers will pay special attention to:

• Volume vs. pricing dynamics, determining whether growth is price-driven or demand-driven.
• Regional performance, particularly in the U.S. and China.
• Discounting intensity and its impact on profit margins.
• Digital and direct-to-consumer strategies, now the cornerstone of growth in the premium segment.

Collectively, these three earnings calls will offer a precise snapshot of the North American accessible luxury landscape —a category often described as the global pulse of the premium market, blending exclusivity, desirability, and scale. The outcomes will likely influence strategic forecasts well into 2026.