The luxury group behind Michael Kors and Jimmy Choo, posted revenue of US$1.03 billion for the quarter ending December 27, 2025, down 4.0% on a reported basis and 5.9% in a constant currency basis.
Operating income from continuing operations increased to US$46 million, with an operating margin of 4.5%, or 7.7% on an adjusted basis. Net income from continuing operations totalled US$57 million, compared with US$6 million a year earlier. The company generated free cash flow of US$252 million during the quarter and reduced net debt to US$80 million, down from US$1.17 billion a year ago, following the completed sale of Versace in December 2025.
By brand, Michael Kors recorded quarterly revenue of US$858 million, down 5.6% reported, with operating income of US$119 million and a 13.9% operating margin. Jimmy Choo delivered revenue growth of 5.0% to US$167 million and returned to operating profitability with income of US$3 million, compared with a loss in the prior-year quarter
Chairman and Chief Executive Officer John D Idol said the company’s performance exceeded expectations and highlighted confidence in a return to growth in fiscal 2027, noting that proceeds from the Versace divestment had strengthened Capri’s financial flexibility.
For full-year fiscal 2026, Capri expects revenue of approximately US$3.45–3.48 billion.
