Capri Holdings Limited · NYSE:CPRI
Capri — Q1 2026 Earnings Presentation
11 slides from Capri's earnings presentation, Aug 6, 2025
Slide 1: 1Q Fiscal Year 2026 Earnings Presentation
1Q Fiscal Year 2026 Earnings Presentation August 6, 2025
Slide 2: Pending Versace Sale
PENDING VERSACE SALE As previously announced, Capri Holdings entered into a definitive agreement to sell Versace to Prada 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 including re
Slide 3: First Quarter Fiscal 2026 Highlights
FIRST QUARTER FISCAL 2026 HIGHLIGHTS • Revenue decreased 6.0% (-7.7% Constant Currency) • Increased customer database by 9% versus prior year • Gross margin of 63.0% • Adjusted operating margin of 2.5% • Adjusted EPS of $0.50 o Driven by better than anticipated results at Michael Kors and Jimmy Choo
Slide 4: 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 5: 1Q26 Results
1Q26 RESULTS • Revenue decreased 5.9% (-7.3% Constant Currency) • Retail & wholesale trends improved sequentially • AUR increased MSD in full price channel • Global database increased 9% year-over-year • Operating margin of 9.9%
Slide 6: Jimmy Choo Strategic Initiatives
JIMMY CHOO STRATEGIC INITIATIVES COMMUNICATION STRATEGY • Excite and engage clients through product • Attract new audiences and nurture the core • Combine storytelling with data analytics PRODUCT STRATEGY • Reinforce brand codes • Drive accessories • Expand footwear • Unlock men’s opportunity CHANNE
Slide 7: 1Q26 Results
1Q26 RESULTS • Revenue decreased 6.4% (-9.2% Constant Currency) • Retail sales trends improved sequentially • Strong initial response to new product introductions • Global database increased 9% year-over-year • Operating margin of 2.5%
Slide 8: Fiscal Year 2026 Outlook
FISCAL YEAR 2026 OUTLOOK 2Q26 FY26 Revenue ~$815 - $835M ~$3.375 - $3.45B Michael Kors ~$685 - $700M ~$2.8 - $2.875B Jimmy Choo ~$130 - $135M ~$565 - $575M Adjusted Operating Income slightly positive margin ~$100M Michael Kors Operating Margin HSD% HSD% Jimmy Choo Operating Margin (MSD)% (MSD)% Net
Slide 9: Non-GAAP Measures
NON-GAAP MEASURES This presentation includes certain non-GAAP financial measures. Constant currency effects are non-GAAP financial measures, which are provided to supplement our reported operating results to facilitate comparisons of our operating results and trends in our business, excluding the ef
Slide 10: Reconciliation of GAAP to Non-GAAP Financial Measures
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, except per share data) (1) The Capri transformation program represents a multi-year, multi-project initiative intended to improve the operating effectiveness and efficiency of our organization by creating best in class shared platfo
Slide 11: 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