Capri Holdings Limited (CPRI)

In November 2025, Capri Holdings announced its second-quarter fiscal 2026 results, exceeding expectations and announcing a $1 billion share repurchase program. In December 2025, the sale of Versace was completed, generating $1.365 billion used to reduce debt, resulting in a net debt of approximately $80 million; S&P Global Ratings affirmed Capri's ratings with a negative outlook. In February 2026, Capri Holdings reported its third-quarter fiscal 2026 results, surpassing analyst expectations for adjusted earnings per share despite a 4.0% decrease in total revenue year-over-year, and anticipates a return to revenue and earnings growth in fiscal year 2027.

The fashion and luxury retail industry typically experiences seasonal fluctuations, with demand peaking during holiday seasons and key fashion cycles. The company's financial reports reflect these seasonal trends, and strategic initiatives aim to manage and mitigate the impact of market slowdowns and demand shifts.

Capri Holdings Limited is a global fashion luxury group involved in the design, marketing, distribution, and retail of branded apparel, footwear, and accessories. The company operates within the Consumer Cyclical sector and the Retail - Cyclical industry, with a portfolio consisting of Michael Kors and Jimmy Choo. Michael Kors offers a range of products sold through company-owned stores, wholesale channels, and e-commerce platforms. Jimmy Choo is known for luxury women's footwear, handbags, and small leather goods, distributed through company-operated stores and e-commerce sites. Capri Holdings previously owned Versace, which was sold to Prada in December 2025.

Capri Holdings Ltd. has a global presence, with brands available in over 100 countries. Michael Kors has a strong luxury presence in the Americas and Europe, with high brand awareness in other international markets. Jimmy Choo operates retail and outlet stores across the Americas, EMEA, and parts of Asia. The company's executive offices are in London, with operational offices in New York.

Capri Holdings has faced challenges impacting its brand reputation, particularly concerning its core brands. Michael Kors experienced sales declines due to strategic missteps, and Jimmy Choo reported a decline in sales due to decelerating demand. To counter these challenges, Michael Kors has seen positive full-price comparable sales and plans to renovate approximately 50% of its store fleet over the next three years. The company has also focused on expanding social media reach and influencer partnerships and reopening flagship locations with high-profile events.

Capri Holdings Limited is primarily owned by institutional shareholders, holding approximately 89.68% of the company's stock. Major institutional owners include Fmr Llc, BlackRock, Inc., Vanguard Group Inc, Primecap Management Co/ca/, and State Street Corp. Individual insiders own about 8.98% of the company, including John D. Idol, Chairman and CEO, and Michael David Kors, the founder of the Michael Kors brand.