Capri Holdings ( (CPRI) ) has released its Q3 earnings. Here is a breakdown of the information Capri Holdings presented to its investors.
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Capri Holdings Limited is a global fashion luxury group comprising iconic brands such as Versace, Jimmy Choo, and Michael Kors, known for their commitment to glamorous style and craftsmanship. The group, publicly listed on the New York Stock Exchange under the ticker CPRI, focuses on creating exceptional fashion luxury products.
In the third quarter of Fiscal 2025, Capri Holdings reported a challenging performance, with a significant revenue decrease of 11.6% compared to the previous year. Adjusted earnings per share were $0.45, and the adjusted operating margin stood at 6.0%. The company faced difficulties with sales trends, prompting a reevaluation of its strategic initiatives.
Key financial metrics reveal a total revenue of $1.26 billion, with retail sales declining in the low-double-digits and wholesale revenue decreasing in the low-teens. The company recorded a net loss of $547 million, largely driven by a substantial non-cash impairment charge. Versace saw a 15% revenue decline, while Jimmy Choo and Michael Kors experienced decreases of 4.2% and 12.1%, respectively.
Despite the current challenges, Capri Holdings’ management remains optimistic about the future. The company expects an improvement in performance throughout Fiscal 2026, with growth anticipated in Fiscal 2027 and beyond. The management is confident in the long-term growth potential of its globally recognized luxury brands.
