Capri Holdings Limited (NYSE: CPRI) issued guidance for the full fiscal year 2026, projecting total revenue between $3.45 billion and $3.475 billion. Diluted earnings per share are expected to range from $1.30 to $1.40. Key factors to watch include the integration of new product styles at Michael Kors and market conditions in the luxury retail sector.
Market Capitalization
As of the market close on February 3, 2026, Capri Holdings Limited maintains a market capitalization of approximately $2.78 billion.
Latest Quarterly Results
Capri Holdings reported consolidated revenue of $1.025 billion for the third quarter ended December 27, 2025, representing a 4.0% decrease compared to $1.26 billion in the prior-year period. On a constant currency basis, total revenue declined 5.9%. Net income for the quarter was $57 million, or $0.47 per diluted share, compared to $6 million, or $0.05 per diluted share, in the previous year. Adjusted net income was $98 million, or $0.81 per diluted share.
Segment performance for the quarter:
- Michael Kors: Revenue of $858 million, a 5.6% decrease on a reported basis.
- Jimmy Choo: Revenue of $167 million, a 5.0% increase on a reported basis.
- Versace: Classified as discontinued operations following the completion of its sale.
Financial Trends
Full Year Results Context
For the fiscal year 2026, Capri Holdings completed the sale of the Versace brand for $1.4 billion. The transaction proceeds were utilized to reduce net debt to $80 million from $1.6 billion in the prior year. The company’s liquidity position included $154 million in cash and cash equivalents as of the quarter’s end.
Business & Operations Update
Operational developments during the quarter were centered on the strategic focus of the Michael Kors and Jimmy Choo brands. The Michael Kors global consumer database increased by 8% year-over-year. Jimmy Choo returned to an operating profit of $3 million compared to an operating loss of $6 million in the prior-year quarter. The company reduced net inventory by 6.5% to $663 million.
M&A or Strategic Moves
The company finalized the sale of Versace to strengthen its financial foundation and provide flexibility for strategic initiatives within its remaining core brands. No additional mergers or acquisitions were announced during the third quarter reporting period.
Performance Summary
Capri Holdings shares gained 2.53% on Tuesday following the release of the company’s fiscal third quarter 2026 results. The stock closed at $23.14 on the New York Stock Exchange as investors assessed the impact of the Versace brand divestiture on the company’s balance sheet. Third quarter revenue reached $1.025 billion with an adjusted EPS of $0.81. Jimmy Choo sales rose while Michael Kors revenue contracted. The company significantly reduced debt through asset divestiture.
