Capri Holdings returns to profitability despite annual revenue decline

Despite lower revenue, the US-based luxury group behind Michael Kors and Jimmy Choo has reported a return to profitability in fiscal 2026, reflecting gains from its strategic turnaround initiatives “Looking at fiscal 2026 we were encouraged by the progress we made executing against the strategic initiatives introduced last year to maximize the full potential of our two iconic fashion luxury houses, Michael Kors and Jimmy Choo”, John D. Idol, the company’s Chairman and Chief Executive Officer, said.

Capri Holdings returns to profitability despite annual revenue decline. Despite lower revenue, the US-based luxury group behind Michael Kors and Jimmy Choo has reported a return to profitability in fiscal 2026, reflecting gains from its strategic turnaround initiatives “Looking at fiscal 2026 we were encouraged by the progress we made executing against the strategic initiatives introduced last year to maximize the full potential of our two iconic fashion luxury houses, Michael Kors and Jimmy Choo”, John D. Idol, the company’s Chairman and Chief Executive Officer, said. In the 2026 fiscal year, which ended on the 28 th of March, Capri Holdings reported a total revenue of 3.47 billion US dollars, down from 3.62 billion US dollars in the previous fiscal year. However, the company also declared a net income of 80 million US dollars from conti...