Capri (US:CPRI)2025-08-06 12:30Financial Performance - Capri Holdings' revenue decreased by 60% (-77% Constant Currency) in 1Q Fiscal Year 2026 [11] - Michael Kors' revenue decreased by 59% (-73% Constant Currency) in 1Q26 [18] - Jimmy Choo's revenue decreased by 64% (-92% Constant Currency) in 1Q26 [25] - The adjusted EPS was $050, driven by better than anticipated results at Michael Kors and Jimmy Choo as well as a discrete tax benefit [11] Strategic Initiatives & Outlook - Capri Holdings expects revenue of approximately $815 - $835 million for 2Q26 and approximately $3375 - $345 billion for Fiscal Year 2026 [27] - The company anticipates net interest income of approximately $15 million for 2Q26 and approximately $85 - $95 million for Fiscal Year 2026 [27] - The company expects a diluted earnings per share (Continuing Operations) of approximately $010 - $015 for 2Q26 and approximately $120 - $140 for Fiscal Year 2026 [27] Versace Sale - Capri Holdings entered into an agreement to sell Versace to Prada for $1375 billion in cash [6] - The transaction is expected to close in the second half of calendar 2025 [6] - Capri plans to use the proceeds to substantially reduce debt levels, invest in future growth, and reinstate a share repurchase program in the future [8] Customer Database - The customer database increased by 9% versus prior year [11] - Global database increased 9% year-over-year for Michael Kors [18] - Global database increased 9% year-over-year for Jimmy Choo [25]