Capri Holdings Limited · NYSE:CPRI
Capri — Q3 2026 Earnings Presentation
10 slides from Capri's earnings presentation, Feb 3, 2026
Slide 1: 3Q Fiscal Year 2026 Earnings Presentation
3Q Fiscal Year 2026 Earnings Presentation February 3, 2026
Slide 2: Third Quarter Fiscal 2026 Highlights
THIRD QUARTER FISCAL 2026 HIGHLIGHTS • Revenue and earnings per share exceeded expectations • Revenue decreased 4.0% (-5.9% constant currency) • Gross margin of 60.8% • Adjusted operating margin of 7.7% • Adjusted EPS increased ~30% to $0.81 • Increased consumer database by 8% versus prior year • Si
Slide 3: 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 4: Michael Kors 3Q26 Results
3Q26 RESULTS • Revenue decreased 5.6% (-7.3% constant currency) • Sequential improvement in retail channel • Full-price sales increased low double digits in the full price channel • Sequential improvement in wholesale at point-of-sale • Consumer database increased 8% year-over-year • Operating margi
Slide 5: Jimmy Choo Strategic Initiatives
JIMMY CHOO STRATEGIC INITIATIVES COMMUNICATION STRATEGY • Celebrate Jimmy Choo’s effortlessly alluring spirit • Attract new audiences and nurture the core • Combine storytelling with data analytics PRODUCT STRATEGY • Reinforce brand codes • Drive accessories • Expand casual footwear CHANNEL STRATEGY
Slide 6: Jimmy Choo 3Q26 Results
3Q26 RESULTS • Revenue increased 5.0% (1.9% constant currency) • Retail sales trends improved sequentially • Growth in core accessories in full the price channel • Sequential improvement in wholesale at point-of-sale • Consumer database increased 8% year-over-year • Operating margin of 1.8%
Slide 7: Fiscal Year 2026 Outlook
FISCAL YEAR 2026 OUTLOOK FY26 Revenue ~ $3.45 - $3.475B Michael Kors ~ $2.86 - $2.875B Jimmy Choo ~ $590 - $600M Adjusted Operating Income ~ $100M Michael Kors Operating Margin ~ HSD% Jimmy Choo Operating Margin ~ (LSD)% Net Interest Income ~ $85 - $90M Effective Tax Rate ~ low- to mid-teen% Weighte
Slide 8: 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 9: Reconciliation of GAAP to Non-GAAP Financial Measures
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, except per share data) (1) Reserves related to a one-time, non-recurring charge for accounts receivable deemed uncollectible due to the Chapter 11 bankruptcy filing of a wholesale customer during the period. (2) Relates to costs inc
Slide 10: 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