Capri Holdings Limited · NYSE:CPRI
Capri — Q4 2025 Earnings Presentation
17 slides from Capri's earnings presentation, May 28, 2025
Slide 1: 4Q Fiscal Year 2025 Earnings Presentation
4Q Fiscal Year 2025 Earnings Presentation May 28, 2025
Slide 2: Pending Versace Sale
PENDING VERSACE SALE As previously announced, Capri Holdings entered into a definitive agreement to sell Versace to Prada Group for $1.375B in cash subject to certain adjustments. The transaction is expected to close in the second half of calendar 2025, subject to customary closing conditions includ
Slide 3: Fourth Quarter Fiscal 2025 Highlights
FOURTH QUARTER FISCAL 2025 HIGHLIGHTS • Revenue decreased 15% • Increased customer database by 10% versus prior year • Adjusted operating margin of (3.2)% • Delivered adjusted EPS of $(4.90) primarily due to a non-cash tax valuation allowance charge For a reconciliation of GAAP to non-GAAP financial
Slide 4: Michael Kors 4Q25 Results
4Q25 RESULTS • Revenue decreased 16% • Global database increased 10% year-over-year • New accessories groups (including Laila, Dakota and Bryant) experiencing strong full priced sell- throughs and attracting new consumers to the brand • Operating margin of 4.6%
Slide 5: Michael Kors Strategic Initiatives
MICHAEL KORS STRATEGIC INITIATIVES COMMUNICATION STRATEGY • Celebrate a modern interpretation of the jet set lifestyle • Engage and excite new and existing consumers • Combine storytelling with data analytics PRODUCT STRATEGY • Create exciting fashion product with compelling value • Reinforce brand
Slide 6: 1Q26 QTD Highlights
1Q26 QTD HIGHLIGHTS • First quarter retail trends to date reflect an improvement in sales momentum • Continued growth in customer database, with more robust growth in the VIP loyalty consumer base • Moderation in the store traffic decline rate • Full price retail AUR turned positive
Slide 7: New Vienna Graben Store
NEW VIENNA GRABEN STORE
Slide 8: New Vienna Graben Store
NEW VIENNA GRABEN STORE
Slide 9: Jimmy Choo 4Q25 Results
4Q25 RESULTS • Revenue decreased 3% • Global database increased 11% year-over-year • Operating margin of (7.5)%
Slide 10: Jimmy Choo Strategic Initiatives
JIMMY CHOO STRATEGIC INITIATIVES COMMUNICATION STRATEGY • Excite and engage clients through product • Attract new audiences and nurture the core • Augment storytelling with data analytics PRODUCT STRATEGY • Reinforce brand codes • Drive accessories • Expand footwear • Unlock men’s opportunity CLIENT
Slide 11: Fiscal Year 2026 Outlook
FISCAL YEAR 2026 OUTLOOK 1Q26 FY26 Revenue ~$765 - $780M ~$3.3 - $3.4B Michael Kors ~$615 - $625M ~$2.75 - $2.85B Jimmy Choo ~$150 - $155M ~$540 - $550M Operating Income break-even ~$100M Operating Margin – Michael Kors MSD% HSD% Operating Margin – Jimmy Choo break-even (MSD)% Net Interest Income ~$
Slide 12: 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 transaction related expenses. The Company uses non-GAAP financial
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 Global Optimization Plan lease termination gains and other store closure costs. (2) Represents a multi-year ERP implementation which includes accoun
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) Asset impairment charges primarily relate to the impairment of the Jimmy Choo Retail and Wholesale reporting units goodwill and Versace and Jimmy Choo brand intangible assets, as well as the impairment of
Slide 16: Reconciliation of GAAP to Non-GAAP Financial Measures
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, except per share data) (1) Asset impairment charges primarily relate to the impairment of the Jimmy Choo Retail and Wholesale reporting units goodwill and Versace and Jimmy Choo brand intangible assets, as well as the impairment of
Slide 17: 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