Michael Kors reported a total revenue of approximately US$3.7 billion, and an operating margin in the mid 20% range, while Versace and Jimmy Choo showed revenue of US$1 billion and US$500 million respectively. Net inventory for the group as a whole, as of June 26, was US$760 million, a 20% decrease compared with the prior year.

As a result of this encouraging start to the year, Capri Holdings is reportedly increasing its overall fiscal 2022 outlook, forecasting total revenue of approximately US$5.3 billion. The company remains confident in the growth opportunities for all three brands.