Capri Holdings Limited · NYSE:CPRI
Capri — Q2 2026 Earnings Presentation
11 slides from Capri's earnings presentation, Nov 4, 2025
Slide 1: 2Q Fiscal Year 2026 Earnings Presentation
2Q Fiscal Year 2026 Earnings Presentation November 4, 2025
Slide 2: Versace Sale
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 our fiscal third quarter, subject to customary closing conditions including regulatory approva
Slide 3: Second Quarter Fiscal 2026 Highlights
SECOND QUARTER FISCAL 2026 HIGHLIGHTS • Revenue, gross margin and operating income exceeded expectations • Revenue improved sequentially, decreasing 2.5% (-4.2% constant currency) • Increased consumer database by 9% versus prior year • Gross margin of 61.0% vs 62.3% LY, impacted (120) bps by tariffs
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: 2Q26 Results
2Q26 RESULTS • Revenue decreased 1.8% (-3.3% constant currency) • Retail sales comped positively in the full price channel • Strong growth in accessories the full price channel • Meaningful sequential improvement in wholesale at point-of-sale • Consumer database increased 9% year-over-year • Operati
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: 2Q26 Results
2Q26 RESULTS • Revenue decreased 6.4% (-9.3% constant currency) • Retail sales trends improved sequentially, with positive comps in the full price channel • Strong growth in accessories in full the price channel • Sequential improvement in wholesale at point-of-sale • Consumer database increased 9%
Slide 8: Fiscal Year 2026 Outlook
FISCAL YEAR 2026 OUTLOOK 3Q26 FY26 Revenue ~$975M - $1.0B ~$3.375 - $3.45B Michael Kors ~$825 - $845M ~$2.8 - $2.875B Jimmy Choo ~$150 - $155M ~$565 - $575M Adjusted Operating Margin/Income ~7.0 - 8.0% ~$100M Michael Kors Operating Margin ~low-teen% ~HSD% Jimmy Choo Operating Margin ~(LSD) - (MSD)%
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