Record revenue for Jimmy Choo
Footwear brand Jimmy Choo has announced record sales in the financial year 2023, 20% higher than the year before.
Its owner, Capri Group, also celebrated record revenues at Versace and mid-single-digit revenue growth at Michael Kors.
Footwear sales increased across all brands, with retail sales of women's footwear increasing low double-digits at Versace and Michael Kors and high single-digits at Jimmy Choo.
Capri CEO John Idol said: "With Versace, Jimmy Choo and Michael Kors we have three incredibly powerful brands to drive our growth. While we recognise that there are near-term uncertainties in the Americas, we are encouraged by the strong trends in Asia and continued growth in EMEA (Europe, Middle East and Africa).
“Looking to fiscal 2024, we anticipate revenue will increase low-single-digits and earnings per share will increase mid-single-digits. Beyond fiscal 2024, we remain confident in our ability to achieve our long-term goals over time due to the resilience of the luxury industry, the strength of our three powerful iconic brands and the talented group of employees executing our strategic initiatives."
The group returned $1.35 billion to shareholders in fiscal 2023.
Image: Jimmy Choo.
