Capri Holdings reported a challenging third quarter with revenue declining by 11.6% to $1.26 billion. The company experienced a net loss of $547 million, or $(4.61) per share, but adjusted earnings per share were $0.45. Strategic initiatives are being reevaluated to improve sales trends, with expectations of improved performance in fiscal year 2026 and a return to growth in fiscal year 2027.
Total revenue decreased by 11.6% to $1.26 billion.
Adjusted earnings per share were $0.45.
Net loss was $547 million, or $(4.61) per share, driven by a non-cash impairment charge.
The company is reevaluating strategic initiatives to improve sales trends.
Capri Holdings provided its outlook for fiscal years 2025 and 2026 on an adjusted, non-GAAP basis, but noted that financial results could differ materially due to external events.
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