Michael Kors Parent Capri Forecasts Annual Profit Above Estimates

Capri CEO Says Michael Kors Footwear Is the Company’s ‘Biggest Issue’

Capri CEO John Idol told analysts that Michael Kors footwear is the company's biggest issue and projects Jimmy Choo to reach $800 million longer term.

Why Is Capri Stock Falling Wednesday? - Capri Holdings (NYSE:CPRI)

Capri Holdings (CPRI) Q4 earnings: Michael Kors margins expand on tariff benefits, while Jimmy Choo targets a FY27 recovery.

Michael Kors owner Capri Holdings projects profit surge amid brand turnaround

The New York-based firm's shares rose 1% in premarket trading, despite a 24% decline in its stock price this year amid broader demand declines

Michael Kors parent Capri forecasts annual profit above estimates

May 27 (Reuters) – Capri Holdings forecast ​annual profit ‌above Wall Street estimates on Wednesday, ‌as ​the ⁠company bets ⁠on its turnaround strategy focused on ​reviving Michael Kors ⁠to ⁠offset the ​decline in ​demand. It expects fiscal ‌year 2027 profit per share ⁠of about $2.15, compared to analysts’ ⁠expectation ‌of $1.83, according ⁠to ​data ‌compiled by ​LSEG. (Reporting by ⁠Sanskriti Shekhar in Bengaluru; Editing by Pooja ​Desai)

Capri Holdings sees a return to growth on the horizon - RetailDetail EU

Capri Holdings saw its revenue decline again last quarter, but its earnings improved significantly thanks to cost-cutting measures. Michael Kors saw a decline in revenue, while Jimmy Choo posted slight growth. Management expects growth again for the new fiscal year.

Michael Kors parent Capri Holdings sales fall

Drapers Michael Kors parent Capri Holdings sales fall Michael Kors and Jimmy Choo parent company Capri Holdings has narrowed its losses for the fourth quarter and full year to 28 March 2026, despite falling sales.The post Michael Kors parent Capri Holdings sales fall appeared first on Drapers.