Overview

• Capri reported a fiscal Q4 net loss of $645 million, including a $545 million non-cash tax valuation allowance against deferred tax assets.
• Total revenue fell 15.4% year-over-year to $1 billion, driven by a 15.6% decline at Michael Kors and a 2.9% drop at Jimmy Choo.
• The company trimmed its fiscal 2026 sales forecast to $3.30–$3.40 billion and projects adjusted EPS between $1.20 and $1.40.
• Capri agreed in April to sell Versace to Prada for $1.375 billion in cash, with the transaction expected to close in the second half of 2025.
• CEO John Idol says strategic initiatives will position the business to return to growth in fiscal 2027 through renewed focus on Michael Kors and Jimmy Choo.