Capri Holdings reports Q1 revenue decline - footwearbiz: Leading site

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Capri Holdings reports Q1 revenue decline

07/08/2025
Footwear and accessories group Capri Holdings has reported a 6% year-on-year decrease in revenue from continuing operations for the first quarter of fiscal 2026, bringing in $797 million. The company, which owns fashion brands Michael Kors and Jimmy Choo, posted an adjusted earnings per share of $0.50, up from $0.16 in the same period last year.

Operating margin rose slightly to 2.0%, with adjusted operating margin at 2.5%. Capri said trends improved sequentially, and it remains focused on executing strategic initiatives ahead of the expected sale of its Versace business to Prada in the second half of 2025.

Revenue for Michael Kors fell by 5.9% and for Jimmy Choo by 6.4%, both on a reported basis. Capri expects to stabilise its business in the current fiscal year and return to growth in 2027.Accessories and footwear group Capri Holdings

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