Capri Reports $809 Million in Revenue as Jimmy Choo Grows and Michael Kors Slips

The results, announced October 30, 2026, cover the quarter ended September 26, 2026. They show a business improving profitability before it has restored group sales growth. Jimmy Choo returned to an operating profit, while Michael Kors remained the larger obstacle to a broader recovery.

Jimmy Choo grows, but Michael Kors still determines the group’s direction Jimmy Choo revenue rose 11.5% to $146 million. The brand generated $2 million in operating income, reversing a $9 million operating loss a year earlier.

Capri attributed its gross-margin improvement to higher full-price sell-through, while higher revenue helped it spread operating expenses across a larger sales base. Michael Kors revenue fell 8.6% to $663 million.

Its operating income declined to $68 million from $73 million, although operating margin edged up to 10.3% from 10.1%. Higher full-price sell-through and lower tariff rates supported gross margin, according to Capri, but lower sales continued to weigh on operating leverage. The scale difference matters…