Despite falling revenue, Capri Holdings returned to profitability at the end of its 2025–2026 fiscal year. The group believes its strategic initiatives are beginning to bear fruit and anticipates a return to growth in 2027.
Capri Holdings ended its fiscal year with revenue of $3.474 billion, compared to $3.621 billion a year earlier, representing a 4.1% decline. On a constant-currency basis, the decline was 6.2%.
Despite this decline in sales, the group managed to return to profitability: net income attributable to Capri totaled $137 million for the fiscal year, compared to a loss of $1.182 billion a year earlier. Diluted earnings per share came in at $1.14, compared to a loss of $10 per share in the previous fiscal year.
The group’s continuing operations generated an operating profit of $23 million, compared to an operating loss of $26 million a year earlier. The operating margin thus returned to positive territory at 0.7%, compared to -0.7% in fiscal year 2025.
Michael Kors as the group’s main driver
Following the sale of Versace to Prada, which was finalized in December 2025, Capri Holdings was able to focus its business on its two remaining brands : Michael Kors and Jimmy Choo.
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Read also > Capri Holdings expresses optimism for fiscal year 2025-26
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