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Dec 27, 2025
Capri Q3 2026 Earnings Report
Third-quarter results showed a revenue decline but improved profitability year over year.
Key Takeaways
Capri Holdings reported lower third-quarter revenue driven by declines at Michael Kors, partially offset by growth at Jimmy Choo, while operating income and margins improved significantly following cost actions and the sale of Versace.
Total revenue declined year over year, reflecting continued pressure at Michael Kors.
Operating income and margins improved versus last year despite lower sales.
Jimmy Choo returned to revenue growth and positive operating income.
Strong cash generation enabled a sharp reduction in net debt.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Management expects stabilization in fiscal 2026 and a return to growth in fiscal 2027 supported by strategic initiatives and a stronger balance sheet.
Positive Outlook
- Reduced net debt following the sale of Versace.
- Improved operating margins versus prior year.
- Jimmy Choo returning to growth and profitability.
- Continued focus on cost discipline and brand elevation.
- Strong free cash flow generation.
Challenges Ahead
- Ongoing revenue pressure at Michael Kors.
- Macro uncertainty affecting consumer demand.
- Tariff-related cost headwinds.
- Foreign currency volatility.
- Highly competitive global luxury market.
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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