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Dec 28, 2024
Capri Q3 2025 Earnings Report
Capri's business remained challenged, with revenue decreasing by 11.6% and an adjusted operating margin of 6.0%. The company is reevaluating strategic initiatives to improve sales trends and expects performance to improve throughout fiscal year 2026.
Key Takeaways
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.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
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.
Positive Outlook
- Total revenue of approximately $4.4 billion for fiscal year 2025.
- Adjusted operating income of approximately $100 million for fiscal year 2025.
- Ending inventory expected to be below prior year for fiscal year 2025.
- Versace total revenue of approximately $810 million for fiscal year 2025.
- Michael Kors total revenue of approximately $3.0 billion for fiscal year 2025.
Challenges Ahead
- Total revenue of approximately $4.1 billion for fiscal year 2026.
- Adjusted operating income of approximately $150 million for fiscal year 2026.
- Versace total revenue of approximately $800 million for fiscal year 2026.
- Jimmy Choo total revenue of approximately $550 million for fiscal year 2026.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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