Capri Holdings Sees Sequential Growth in Q1 as Profitability Rebounds
Capri Holdings began its fiscal year with signs of renewed stability, as first-quarter results pointed to sequential improvement across its portfolio. The group—parent to Michael Kors, Versace, and Jimmy Choo—reported net income of $56 million, a significant turnaround from the same period last year.
Adjusted earnings reached $60 million, underscoring a more efficient cost structure and a stabilizing demand environment. While broader pressures remain across the sector, the quarter’s performance suggests early traction in the company’s efforts to recalibrate after a challenging fiscal cycle.
Momentum was most visible in profitability metrics, indicating operational discipline even as revenue remains in flux. The group continues to navigate a landscape shaped by shifting consumer priorities and macroeconomic headwinds, with an eye toward long-term positioning ahead of its pending acquisition by Tapestry.
While Capri’s turnaround remains in progress, the first quarter sets a more confident tone for what lies ahead.
