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Capri Holdings’ Jimmy Choo Breakout — Growth Reaches 10.5%!

Capri Holdings Limited reported its first quarter fiscal 2027 results with total revenue of $769 million, representing a 3.5% decline compared to the previous year, while operating income increased by approximately 40%. Earnings per share improved to $0.67, up nearly 30%, driven by higher gross margins and operating margin expansion. The company continues to focus on enhancing the quality of its sales, reducing promotional activities, and limiting markdown inventory to strengthen brand foundations and profitability. At the brand level, Michael Kors’ revenue declined 7.1% year-over-year to $590 million, exceeding expectations slightly due in part to wholesale shipment timings. This decline was influenced by ongoing quality of sale initiatives, including reduced promotional and off-price sales, as well as softer retail trends in the EMEA region resulting from geopolitical conflicts and decreased tourism.