Now focused on Michael Kors and Jimmy Choo, with the sale of Versace soon to be finalized, the American group has limited the decline in its revenue and losses in the second fiscal quarter. It has thus exceeded analysts’ forecasts and pleasantly surprised the stock market.
Soon to be relieved of the Versace brand, sold to the Prada group, Capri Holdings is back in the race.
Now focused on the Michael Kors and Jimmy Choo brands, the American fashion group reported a 2.5% decline in reported revenue (-4.2% on a comparable basis) to $856 million in the second quarter of its 2025-26 fiscal year, which ended at the end of September. This is better than analysts’ forecasts, which had expected $826.6 million.
Loss lower than expected
The company also pleasantly surprised with an adjusted loss per share of only $0.03, instead of the $0.13 feared by analysts due to a higher-than-expected tax rate. The net loss amounted to $34 million.
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Read also > First quarter 2025-26: Capri Holdings improves its performance
Featured photo: © Michael Kors
