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Capri Q1 Earnings Call Highlights
['Jeff Wilder']
Daily Political
Michael Kors Revenue Falls as Jimmy Choo Extends GrowthMichael Kors revenue declined 7.1% to $590 million in the quarter, though the result was ahead of Capri’s expectations.
By region, Michael Kors revenue declined 10% in the Americas and 5% in EMEA, while Asia revenue increased 6%.
It now expects Michael Kors revenue of about $2.765 billion and Jimmy Choo revenue of about $635 million.
Capri expects Michael Kors revenue to return to growth in the back half of fiscal 2027, aided by product introductions, higher marketing investment, normalizing promotional comparisons and store renovations.
Formed in 2018 through the rebranding of Michael Kors Holdings following the acquisition of Versace, Capri has since integrated Jimmy Choo into its portfolio.