Capri Posts $53m Profit Amid Declining Sales in Q1 2026

Capri posts $53m profit amid declining sales in Q1 2026

Capri Holdings has reported a 6% decline in total revenue on a reported basis to $797m in the first quarter of the fiscal year 2026.The post Capri posts $53m profit amid declining sales in Q1 2026 appeared first on Retail Insight Network.

Capri Holdings makes more profit without Versace - RetailDetail EU

Capri Holdings exceeds expectations after selling Versace. Despite sales declines, the parent company of Michael Kors and Jimmy Choo manages to achieve profit growth through sharp cost cuts. Sales shrink after Versace sale The figures for the first quarter – ending June 28 – tell a two-sided story. Sales dropped 6% to 797 million dollars (686 million euros), following the sale of Versace to Prada in April. But the two brands remaining after the …

Capri sales fall 7.7% in Q1 as company preps for Versace sale

The owner of Michal Kors, Jimmy Choo and Versace fared better than expected this quarter, as the company prepares to grow its two remaining brands.