Capri Holdings Limited · NYSE:CPRI
Capri — Q3 2025 Earnings Presentation
16 slides from Capri's earnings presentation, Feb 5, 2025
Slide 1: 3Q Fiscal Year 2025 Earnings Presentation
3Q Fiscal Year 2025 Earnings Presentation February 5, 2025
Slide 2: Third Quarter Fiscal 2025 Highlights
THIRD QUARTER FISCAL 2025 HIGHLIGHTS • Revenue decreased 12% • Increased customer database by 12% versus prior year • Adjusted operating margin of 6.0% • Delivered adjusted EPS of $0.45 • Includes $0.19 of foreign currency losses For a reconciliation of GAAP to non-GAAP financial information, see ap
Slide 3: Strategy Update
STRATEGY UPDATE • COMMUNICATION STRATEGY o Engage and inspire both new and existing consumers • PRODUCT STRATEGY o Create exciting fashion that resonates with our consumers • OMNI-CHANNEL STRATEGY o Leverage digital capabilities to grow Ecommerce revenues o Improve retail store sales densities • WHO
Slide 4: 3Q25 Highlights (Versace)
3Q25 HIGHLIGHTS • Revenue decreased 15% • Global database increased 15% year-over-year • AUR increased MSD in full price channel • VIC cohort increased DD • Operating margin of (10.9)%
Slide 5: Strategy Update (Versace)
STRATEGY UPDATE • COMMUNICATION STRATEGY o Continue to leverage strong brand awareness to drive engagement • PRODUCT STRATEGY o Inject more energy into the assortment to better balance fun and elegant o Develop broader assortment to reengage with the aspirational luxury consumer o Further develop ac
Slide 6: 3Q25 Highlights (Jimmy Choo)
3Q25 HIGHLIGHTS • Revenue decreased 4% • Global database increased 12% year-over-year • Women’s accessories retail sales increased HSD • Casual footwear retail sales increased LDD • VIC cohort increased mid-teens • Operating margin of (3.8)%
Slide 7: Strategy Update (Jimmy Choo)
STRATEGY UPDATE • COMMUNICATION STRATEGY o Continue to engage new and existing customers through effective campaigns and collaborations • PRODUCT STRATEGY o Enhance assortment to appeal to aspirational luxury consumers o Further develop accessories offering o Expand casual footwear assortment • OMNI
Slide 8: 3Q25 Highlights (Michael Kors)
3Q25 HIGHLIGHTS • Revenue decreased 12% • Global database increased 11% year-over-year • Strategic realignment of pricing on select items resulted in higher full-price sell throughs • Operating margin of 16.2%
Slide 9: Strategy Update (Michael Kors)
STRATEGY UPDATE • COMMUNICATION STRATEGY o Implement dynamic new marketing plans which reconnect with the heritage of the Michael Kors brand o Celebrate a modern interpretation of the jet set lifestyle • PRODUCT STRATEGY o Focus on creating exciting fashion product with compelling value o Rebuild co
Slide 10: Fiscal Year 2025 and 2026 Outlook
FISCAL YEAR 2025 AND 2026 OUTLOOK FY25 FY26 Revenue ~$4.4B ~$4.1B Versace ~$810M ~$800M Jimmy Choo ~$600M ~$550M Michael Kors ~$3.0B ~$2.75B Adjusted Operating Income ~$100M ~$150M Operating Margin - Versace (HSD)% break-even Operating Margin - Jimmy Choo (LSD)% slightly negative Operating Margin -
Slide 11: Non-GAAP Measures
NON-GAAP MEASURES This presentation includes certain non-GAAP financial measures that exclude certain costs associated with impairment charges, restructuring and other charges, ERP implementation costs, Capri transformation costs and costs related to the previously terminated merger agreement with T
Slide 12: Reconciliation of GAAP to Non-GAAP Financial Measures
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, except per share data) (1) Amounts impacting operating expenses primarily relate to Global Optimization Plan lease termination gains and other store closure costs. (2) Represents a multi-year ERP implementation which includes accoun
Slide 13: Reconciliation of GAAP to Non-GAAP Financial Measures
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, except per share data) (1) Amounts impacting operating expenses primarily relate to Global Optimization Plan lease termination gains and other store closure costs. (2) Represents a multi-year ERP implementation which includes accoun
Slide 14: Reconciliation of GAAP to Non-GAAP Financial Measures
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, except per share data) (1) Amounts impacting operating expenses primarily relate to equity awards associated with the acquisition of Gianni Versace S.r.l. and severance expenses incurred during the third quarter. (2) Represents a mu
Slide 15: Reconciliation of GAAP to Non-GAAP Financial Measures
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, except per share data) (1) Amounts impacting operating expenses primarily relate to equity awards associated with the acquisition of Gianni Versace S.r.l. and severance for certain employees, partially offset by a $10 million gain o
Slide 16: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation contains statements which are, or may be deemed to be, “forward-looking statements.” Forward-looking statements are prospective in nature and are not based on historical facts, but rather on current expectations and projections of the management of Capri about