As Capri Holdings prepares to finalize the sale of Versace in its fiscal third quarter, the company is entering a new era focused on rebuilding its two remaining fashion houses: Michael Kors and Jimmy Choo.
The quarter showed better sales and expense control than expected,” said Dana Telsey, CEO and chief research officer of Telsey Advisory Group. “Operationally, results were solid — the only major drag was the higher tax rate.” She added that Capri’s fiscal 2026 outlook “reflects cautious stabilization, with management focused on returning to growth in fiscal 2027.”
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