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Retail Earnings

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Capri Holdings

Global fashion groups · CPRI

The Japan read

From the company's own filing for Q1 FY2027 (Apr–Jun 2026) · reported 2026-08-05 · the filing

Other callouts in the filing

floortok's reading of the filing, in our own words. Figures are the company's own; where a growth rate is our arithmetic, it says so.

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floortok holds 2 reported periods for this company.

Q1 FY2027 (Apr–Jun 2026) · Year-to-Date

Reported 2026-08-05
Revenue$0.8bn−3.5%
Adj. operating income$0.0bn+40.0%
Net income$0.1bn+26.7%

Capri, a two-brand company since completing the Versace sale to Prada in December 2025, split cleanly by name: revenue fell 3.5% to $769m, but adjusted operating income jumped 40% to $28m as Jimmy Choo's margin nearly tripled to 7.3% (revenue +10.5%) while Michael Kors kept sliding (revenue −7.1%, margin down to 9.3%). It doesn't disclose Japan, reporting an Asia region that was the only market where Michael Kors grew.

Full year to March 2026

Reported 2026-05-27
Revenue$3.5bn−4.1%
Adj. operating income$0.1bn—
Net income$0.2bn—

Michael Kors' owner is mid-restructuring after selling Versace to Prada (completed December 2025): full-year revenue from its continuing brands fell 4%, and it was near break-even on a reported basis (adjusted operating income of $0.1bn). It doesn't disclose Japan, reporting an Asia region worth $0.4bn; it guides to a recovery in the year ahead.

  • Not disclosedCapri does not disclose Japan; its Asia region was worth $0.4bn for the year.
  • BasisFigures are for the continuing brands after the sale of Versace to Prada, completed in December 2025, and operating income is adjusted.
  • OutlookThe company guides to a recovery in the year ahead.