Michael Kors’ quarterly revenue fell to $590⁠m (£438m) from $635m (£471m) in the same period the previous financial year. In May Capri Holdings reported it had narrowed its losses for the fourth quarter and full year to 28 March 2026, despite falling sales. Our strategic initiatives across both Michael Kors and Jimmy Choo are driving deeper consumer engagement through enhanced brand storytelling and compelling product innovation.” He added: “As we look at the balance of fiscal 2027 we expect Jimmy Choo to continue to grow and return to profitability. At Michael Kors certain headwinds including lower than anticipated inventory levels in the second quarter, softer trends in EMEA and updated foreign currency exchange rate assumptions are impacting our revenue outlook.”