Capri Holdings ( (CPRI) ) has released its Q1 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 known for its iconic brands Michael Kors, Jimmy Choo, and Versace, specializing in glamorous style and craftsmanship across the fashion luxury sector.
In the first quarter of Fiscal 2026, Capri Holdings reported a 6% decrease in revenue compared to the previous year, with total revenue amounting to $797 million. Despite the decline, the company exceeded its expectations for revenue and earnings per share, reflecting progress in its strategic initiatives.
Key financial metrics for the quarter included an operating margin of 2.0% and adjusted earnings per share of $0.50. Michael Kors and Jimmy Choo both experienced revenue declines, with Michael Kors generating $635 million and Jimmy Choo $162 million. The company also noted a 10.8% increase in net inventory, influenced by foreign currency exchange rates and tariffs.
Looking ahead, Capri Holdings is focused on stabilizing its business with strategic initiatives, particularly with the anticipated closing of the Versace transaction in the latter half of 2025. The company aims to establish a foundation for growth in fiscal 2027, despite the dynamic global macroeconomic environment.