The earnings call presented a mixed sentiment, with significant strides being made in brand engagement and strategic initiatives at Michael Kors and Jimmy Choo. However, these positive aspects were offset by substantial revenue declines, a current net loss, and challenges related to tariffs and the Asian market.

Company Guidance -

Q4 2025

During the earnings call for Capri Holdings Limited, the company provided guidance focusing on strategic initiatives for fiscal 2026 and beyond, following the pending sale of Versace. The guidance excluded Versace's impact, as it will be classified as a discontinued operation. Capri Holdings anticipates fiscal 2026 revenue to be between $3.3 and $3.4 billion, with Michael Kors generating $2.75 to $2.85 billion and Jimmy Choo $540 to $550 million. They expect gross margins of 61% to 61.5%, operating income around $100 million, and diluted earnings per share between $1.20 and $1.40. The company plans to reduce debt significantly using proceeds from the Versace sale, aiming for minimal net debt. Strategic efforts include expanding Michael Kors' brand desirability and product offerings, increasing Jimmy Choo's accessory sales, and improving store productivity. Despite a challenging macro environment, Capri Holdings is optimistic about growth prospects for fiscal 2027 and 2028, targeting Michael Kors revenue of $4 billion and Jimmy Choo $800 million, with double-digit operating margins.

Sale of Versace to Prada Group

Capri Holdings announced the pending sale of Versace to Prada Group, which will help reduce debt levels and potentially reinstate a share repurchase program. This transaction is expected to strengthen the company's financial foundation and refocus resources on Michael Kors and Jimmy Choo.

Positive Trends at Michael Kors

Despite a 16% revenue decline, Michael Kors showed signs of improvement with a 10% year-over-year increase in its global consumer database and a sequential improvement in March that continued into the first quarter. New storytelling and product initiatives are beginning to resonate with consumers.

Growth in Jimmy Choo Accessories

Jimmy Choo saw strong performance in new accessory styles, including its fastest-selling day bag in five years. The brand's global consumer database increased by 11% year-over-year.

Improvement in Full-Price Sales

Michael Kors experienced strong full-price sell-throughs in new accessories groups, with positive responses from consumers. The brand saw an increase in average unit retail (AUR) in full-price retail stores.

Capri Holdings (CPRI) Earnings, Revenues Date & History

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CPRI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 07, 2025	2026 (Q1)	0.13 / -	0.04	―	―	―
May 28, 2025	2025 (Q4)	-0.13 / -4.90	0.42	-1266.67% (-5.32)
Feb 05, 2025	2025 (Q3)	0.66 / 0.45	1.2	-62.50% (-0.75)
Nov 07, 2024	2025 (Q2)	0.73 / 0.65	1.13	-42.48% (-0.48)	―	―
Aug 08, 2024	2025 (Q1)	0.60 / 0.04	0.74	-94.59% (-0.70)	―	―
May 29, 2024	2024 (Q4)	0.67 / 0.42	0.97	-56.70% (-0.55)	―	―
Feb 08, 2024	2024 (Q3)	1.73 / 1.20	1.84	-34.78% (-0.64)	―	―
Nov 09, 2023	2024 (Q2)	1.52 / 1.13	1.79	-36.87% (-0.66)	―	―
Aug 10, 2023	2024 (Q1)	0.71 / 0.74	1.5	-50.67% (-0.76)	―	―
May 31, 2023	2023 (Q4)	0.94 / 0.97	1.02	-4.90% (-0.05)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CPRI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 28, 2025	$17.55	$18.04	+2.79%
Feb 05, 2025	$24.03	$21.61	-10.07%
Nov 07, 2024	$21.99	$20.52	-6.68%
Aug 08, 2024	$32.10	$30.54	-4.86%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.