Capri Holdings, the owner of luxury brands Michael Kors, Versace, and Jimmy Choo, has released its long-term financial targets, anticipating revenue growth across all three brands. The company also addressed ongoing speculation about potential sales of Versace and Jimmy Choo, stating a commitment to rebuilding the brands and generating shareholder value.
Ltd., owner of Michael Kors , Versace and Jimmy Choo , on Wednesday morning released its long-term financial targets ahead of its 2025 Investor Day in New York. John D. Idol, chairman and chief executive officer of Capri, said, “We are optimistic about the long-term growth potential for Versace , Jimmy Choo and Michael Kors as we execute our strategic initiatives.
Our powerful brands have enduring value and proven resilience, reinforcing our confidence in their ability to deliver revenue and earnings growth over time.” Last December, financial sources told WWD that Capri was working to try to find buyers for both the Versace and Jimmy Choo businesses. Capri has been seen as considering its options for Jimmy Choo and Versace since the company’s $8.5 billion buyout by Tapestry Inc. was dropped last NovemberFor fiscal year 2025, Capri estimates total revenue of $4.4 billion. For FY 2026, it estimates revenue of $4.1 billion, followed by $4.4 billion in FY 2027, $4.7 billion in FY 2028, and in the future, $6.3 billion.For Michael Kors, the company’s biggest business, Capri estimates FY 2025 revenues of $3 billion, followed by $2.75 billion in FY 2026, $2.75 billion for FY 2026, $3 billion for FY 2027, $3.2 billion for FY 2028 and $4.08 billion in the future. Capri estimates that Versace revenues for FY 2025 will be $810 million, followed by $800 million in FY 2026, $850 million in FY 2027, $900 million in FY 2028 and $1.5 billion in the future. And, Jimmy Choo revenues are estimated to be $600 million in FY 2025, followed by $550 million in FY 2026, $575 million in FY 2027, $600 million in FY 2028 and $800 million in the future. The guidance was provided on an adjusted, non-GAAP basis, and the company said financial results could differ materially from the current outlook due to a number of external events which are not reflected in its guidance, including changes in global macroeconomic conditions, greater than anticipated inflationary pressures or loss of consumer confidence, and further considerable fluctuations in foreign currency exchange rates. As reported, for the third quarter ended Dec. 28, Capri reported net losses of $547 million, or $4.61 a diluted share, a steep drop off from earnings of $105 million, or 88 cents, a year earlier.’ sales were down 12.1 percent to $909 million, while Versace’s sales declined by 15 percent to $193 million and Jimmy Choo slipped 4.2 percent to $159 million. In an analyst call last November, Idol responded to a question about strategic alternatives for Choo and Versace. “We’re a public company. We have always been open to conversations with any company that has an interest in any of our assets, as we would always do and always have done. Our first commitment is to rebuild all three of these houses to get them on a growth trajectory and to create value for our shareholders through revenue growth, through operating margin growth and ultimately through net income growth,” Idol said.Sheer Dressing Takes Over Grammys 2025: Madison Beer's Lacy Details…. We use vendors that may also process your information to help provide our services. // This site is protected by reCAPTCHA Enterprise and the Google. We use vendors that may also process your information to help provide our services. // This site is protected by reCAPTCHA Enterprise and the GoogleWWD and Women's Wear Daily are part of Penske Media Corporation. © 2025 Fairchild Publishing, LLC. All Rights Reserved.
Fashion Capri Holdings Financial Targets Versace Jimmy Choo Michael Kors Luxury Brands Revenue Growth Acquisition Rumors
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