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Capri Holdings Beats Expectations, Updates Fiscal Outlook

2/3/2026

Summary

Story summary

Capri Holdings reported its fiscal 2026 third-quarter results, beating expectations as revenue declined 4% to $1.025 billion and adjusted EPS reached $0.81.
The sale of Versace to Prada reduced net debt to $80 million, strengthening Capri Holdings' finances.
Michael Kors revenue fell 5.6%, while Jimmy Choo revenue rose 5%.
Capri Holdings updated its full-year guidance to revenue between $3.45 billion and $3.475 billion and diluted EPS between $1.30 and $1.40.

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Story summary

Capri Holdings reported its fiscal 2026 third-quarter results, beating expectations as revenue declined 4% to $1.025 billion and adjusted EPS reached $0.81.
The sale of Versace to Prada reduced net debt to $80 million, strengthening Capri Holdings' finances.
Michael Kors revenue fell 5.6%, while Jimmy Choo revenue rose 5%.
Capri Holdings updated its full-year guidance to revenue between $3.45 billion and $3.475 billion and diluted EPS between $1.30 and $1.40.