Capri(NYSE) CPRI

Capri Holdings Limited sells high-end clothes, shoes, and bags to people worldwide. Its brands help customers feel stylish and elegant in their daily lives. The company manages famous names like Michael Kors and Jimmy Choo.

The Brands in the Bag

• Michael Kors: Branded apparel, footwear, and accessories; generated $590 million in revenue for the three months ended June 27, 2026.
• Jimmy Choo: Luxury footwear and handbags for women and men; generated $179 million in revenue for the three months ended June 27, 2026.
• Licensing Agreements: Third-party manufacturing of fragrances and eyewear; uses the Michael Kors and Jimmy Choo trademarks.

Recent Moves and Brand Shifts

• Sold the Versace business to Prada on Dec. 2, 2025, to focus on its two core luxury brands.
• Approved a three-year share repurchase program of up to $1.0 billion on Nov. 4, 2025.
• Reduced promotional activity for Michael Kors to improve the quality of sales during the first quarter of fiscal 2027.
• Allocated $125 million for fiscal 2027 capital expenditures to fund store renovations and digital upgrades.

A Global Shopping Network

The company operates a global network of 871 retail stores across the Americas, EMEA, and Asia as of June 27, 2026. Its distribution includes e-commerce sites, department stores, and specialty shops in over 100 countries.

Checking the Financial Labels

• Total revenue was $769 million for the three months ended June 27, 2026, down 3.5% year over year.
• Gross profit margin reached 65.0% for the three months ended June 27, 2026, up from 63.0% in the prior year.
• Income from continuing operations was $17 million for the three months ended June 27, 2026, up from $16 million.
• Cash and cash equivalents stood at $114 million as of June 27, 2026.
• The company repurchased 2,589,502 shares for $50 million during the three months ended June 27, 2026.

The Evolving Luxury House

Capri has transitioned into a focused luxury group by divesting noncore assets like Versace. Its current strategy emphasizes brand equity through reduced promotions and steady investments in retail store renovations.