Capri Holdings Beats Expectations Announcing Third Quarter Fiscal 2026 Results

for a 7.7% adjusted margin. Net income from continuing operations jumped to $57 million, or $0.47 per diluted share, with adjusted EPS at $0.81 versus $0.63 in the prior year period.

Brand Performance: Michael Kors Soft, Jimmy Choo Returns To Profit Michael Kors generated quarterly revenue of $858 million, down 5.6% on a reported basis and 7.3% in constant currency.

The brand’s gross profit was $512 million with a 59.7% gross margin, and operating income of $119 million translated into a still healthy 13.9% operating margin, albeit lower than last year’s 16.2%. Jimmy Choo was the bright spot, with revenue up 5.0% to $167 million (up 1.9% in constant currency).

Gross profit improved to $111 million at a 66.5% margin, and the brand swung to an operating profit of $3 million and a 1.8% operating margin, compared with a $6 million operating loss and (3.8%) percent margin a year earlier…